Retireful LLC Takes $239,000 Position in NICE Ltd. (NASDAQ:NICE)

Retireful LLC purchased a new stake in NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,405 shares of the technology company’s stock, valued at approximately $239,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of NICE by 7.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,284 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 426 shares during the period. Kopion Asset Management LLC purchased a new stake in NICE in the 4th quarter valued at about $7,433,000. Park Avenue Securities LLC lifted its position in NICE by 38.9% in the fourth quarter. Park Avenue Securities LLC now owns 10,132 shares of the technology company’s stock valued at $1,721,000 after buying an additional 2,837 shares during the last quarter. CCLA Investment Management boosted its stake in NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after buying an additional 87,003 shares during the period. Finally, Tlwm increased its position in shares of NICE by 4.0% during the fourth quarter. Tlwm now owns 3,514 shares of the technology company’s stock valued at $597,000 after acquiring an additional 134 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Performance

NICE stock opened at $164.20 on Friday. The company’s 50 day moving average price is $178.06 and its 200 day moving average price is $174.30. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.13 and a beta of 1.06. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73.

Analyst Ratings Changes

NICE has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, DA Davidson decreased their target price on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, NICE currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.50.

NICE 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.