Jefferies Group LLC raised its position in Nice Ltd (NASDAQ:NICE) by 594.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,997 shares of the technology company’s stock after purchasing an additional 44,505 shares during the period. Jefferies Group LLC owned 0.09% of Nice worth $5,952,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in Nice by 1.0% in the 3rd quarter. Janus Henderson Group PLC now owns 5,084,193 shares of the technology company’s stock valued at $581,988,000 after purchasing an additional 48,091 shares during the period. William Blair Investment Management LLC boosted its holdings in Nice by 17.7% in the 3rd quarter. William Blair Investment Management LLC now owns 1,132,026 shares of the technology company’s stock valued at $129,585,000 after purchasing an additional 170,578 shares during the period. Investec Asset Management LTD boosted its holdings in Nice by 27.5% in the 2nd quarter. Investec Asset Management LTD now owns 628,616 shares of the technology company’s stock valued at $65,231,000 after purchasing an additional 135,530 shares during the period. Acadian Asset Management LLC boosted its holdings in Nice by 55.6% in the 3rd quarter. Acadian Asset Management LLC now owns 486,897 shares of the technology company’s stock valued at $55,738,000 after purchasing an additional 174,056 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in Nice in the 3rd quarter valued at $51,910,000. 44.99% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Nice from a “hold” rating to a “strong-buy” rating and set a $127.00 price objective for the company in a report on Friday, November 23rd. Wedbush assumed coverage on shares of Nice in a report on Thursday, October 18th. They set an “outperform” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Royal Bank of Canada lifted their price objective on shares of Nice to $120.00 and gave the stock a “market perform” rating in a report on Friday, November 9th. Finally, Barclays reaffirmed a “hold” rating and set a $114.00 price objective on shares of Nice in a report on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $113.00.
NASDAQ NICE opened at $112.52 on Friday. Nice Ltd has a 52-week low of $84.49 and a 52-week high of $119.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The firm has a market cap of $6.94 billion, a PE ratio of 40.70, a P/E/G ratio of 2.94 and a beta of 0.90.
Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The company had revenue of $356.45 million for the quarter, compared to the consensus estimate of $350.67 million. Nice had a return on equity of 9.49% and a net margin of 12.37%. On average, equities analysts expect that Nice Ltd will post 3.81 EPS for the current year.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.
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