Perpetual Ltd Takes $31.79 Million Position in NICE Ltd. (NASDAQ:NICE)

Perpetual Ltd bought a new stake in NICE Ltd. (NASDAQ:NICE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 187,185 shares of the technology company’s stock, valued at approximately $31,792,000. Perpetual Ltd owned approximately 0.30% of NICE as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NICE. Rhumbline Advisers grew its stake in shares of NICE by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock worth $577,000 after buying an additional 269 shares in the last quarter. American Century Companies Inc. grew its position in NICE by 6.8% in the second quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock worth $786,000 after acquiring an additional 289 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in NICE by 45.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,853 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 1,824 shares during the last quarter. ProShare Advisors LLC raised its position in NICE by 49.5% during the second quarter. ProShare Advisors LLC now owns 1,796 shares of the technology company’s stock valued at $309,000 after purchasing an additional 595 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of NICE in the 2nd quarter valued at approximately $591,000. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald initiated coverage on NICE in a research report on Friday. They set a “neutral” rating and a $176.00 target price on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Finally, DA Davidson cut their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $253.93.

NICE Price Performance

NICE stock opened at $162.40 on Tuesday. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The business has a 50-day moving average price of $176.92 and a 200 day moving average price of $174.27. The company has a market capitalization of $10.21 billion, a P/E ratio of 25.14, a PEG ratio of 1.14 and a beta of 1.06.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.