Nice Ltd (NICE) Position Reduced by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in Nice Ltd (NASDAQ:NICE) by 26.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,807 shares of the technology company’s stock after selling 10,553 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Nice were worth $3,298,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vigilant Capital Management LLC bought a new position in shares of Nice in the 2nd quarter worth $125,000. Atria Investments LLC lifted its holdings in shares of Nice by 23.6% in the 2nd quarter. Atria Investments LLC now owns 3,271 shares of the technology company’s stock worth $339,000 after purchasing an additional 624 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Nice in the 2nd quarter worth $2,915,000. American Capital Management Inc. lifted its holdings in shares of Nice by 0.8% in the 2nd quarter. American Capital Management Inc. now owns 577,272 shares of the technology company’s stock worth $59,904,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Boston Advisors LLC bought a new position in shares of Nice in the 2nd quarter worth $393,000. 44.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:NICE opened at $113.15 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. Nice Ltd has a 1-year low of $82.63 and a 1-year high of $119.83. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 4.08 and a beta of 0.87.

Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Nice had a net margin of 11.73% and a return on equity of 9.15%. The company had revenue of $345.41 million for the quarter, compared to the consensus estimate of $342.49 million. As a group, sell-side analysts forecast that Nice Ltd will post 2.56 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. BidaskClub upgraded Nice from a “hold” rating to a “buy” rating in a report on Friday, July 27th. Zacks Investment Research upgraded Nice from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a report on Wednesday, August 15th. Wedbush assumed coverage on Nice in a report on Thursday, October 18th. They issued an “outperform” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, Barclays restated a “hold” rating and set a $114.00 price objective on shares of Nice in a research note on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Nice currently has a consensus rating of “Buy” and an average price target of $112.00.

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Nice 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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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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