Picton Mahoney Asset Management Purchases Shares of 7,900 Nice Ltd (NASDAQ:NICE)

Picton Mahoney Asset Management purchased a new stake in Nice Ltd (NASDAQ:NICE) in the 2nd quarter, HoldingsChannel reports. The fund purchased 7,900 shares of the technology company’s stock, valued at approximately $1,083,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NICE. Dimensional Fund Advisors LP raised its stake in Nice by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 121,976 shares of the technology company’s stock valued at $13,199,000 after acquiring an additional 2,230 shares in the last quarter. Boston Advisors LLC raised its stake in Nice by 36.1% during the 1st quarter. Boston Advisors LLC now owns 4,385 shares of the technology company’s stock valued at $537,000 after acquiring an additional 1,164 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Nice during the 1st quarter valued at $458,000. Bank of Montreal Can raised its stake in Nice by 11.2% during the 1st quarter. Bank of Montreal Can now owns 21,254 shares of the technology company’s stock valued at $2,603,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Nice by 24.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 32,949 shares of the technology company’s stock valued at $4,037,000 after acquiring an additional 6,388 shares in the last quarter. 48.23% of the stock is owned by hedge funds and other institutional investors.

Shares of NICE stock traded down $1.74 during mid-day trading on Friday, hitting $152.07. 78,193 shares of the stock traded hands, compared to its average volume of 229,406. Nice Ltd has a twelve month low of $100.54 and a twelve month high of $155.76. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company’s 50-day simple moving average is $149.68 and its 200-day simple moving average is $133.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.02. The business had revenue of $381.40 million for the quarter, compared to analysts’ expectations of $378.80 million. Nice had a return on equity of 12.09% and a net margin of 11.85%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. Analysts forecast that Nice Ltd will post 4.42 earnings per share for the current year.

Several analysts have weighed in on the company. DA Davidson lifted their target price on Nice to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. BidaskClub raised Nice from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Citigroup lifted their target price on Nice from $117.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Wedbush reaffirmed a “buy” rating and set a $160.00 target price on shares of Nice in a research note on Thursday, May 16th. Finally, Morgan Stanley set a $140.00 target price on Nice and gave the company a “hold” rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Nice currently has a consensus rating of “Buy” and a consensus target price of $151.42.

Nice Profile

NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.

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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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