Bank of Montreal Can trimmed its position in Nice Ltd (NASDAQ:NICE) by 14.2% in the third quarter, HoldingsChannel.com reports. The firm owned 24,095 shares of the technology company’s stock after selling 3,988 shares during the quarter. Bank of Montreal Can’s holdings in Nice were worth $2,759,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. FMR LLC acquired a new stake in Nice in the second quarter worth approximately $32,560,000. Acadian Asset Management LLC acquired a new stake in Nice in the second quarter worth approximately $32,464,000. Janus Henderson Group PLC lifted its position in Nice by 4.0% in the second quarter. Janus Henderson Group PLC now owns 5,036,102 shares of the technology company’s stock worth $522,596,000 after purchasing an additional 195,424 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Nice by 621.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 210,342 shares of the technology company’s stock worth $21,827,000 after purchasing an additional 181,167 shares during the period. Finally, Investec Asset Management LTD lifted its position in Nice by 27.5% in the second quarter. Investec Asset Management LTD now owns 628,616 shares of the technology company’s stock worth $65,231,000 after purchasing an additional 135,530 shares during the period. Hedge funds and other institutional investors own 44.26% of the company’s stock.
NICE has been the subject of a number of research analyst reports. BidaskClub downgraded Nice from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research downgraded Nice from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Barclays restated a “hold” rating and issued a $114.00 target price on shares of Nice in a research report on Friday, August 10th. JPMorgan Chase & Co. upped their target price on Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Finally, Jefferies Financial Group upped their target price on Nice to $132.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $112.00.
Shares of NASDAQ:NICE opened at $105.99 on Wednesday. Nice Ltd has a one year low of $82.63 and a one year high of $119.83. The firm has a market cap of $6.42 billion, a PE ratio of 45.88, a P/E/G ratio of 4.05 and a beta of 0.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.48 and a quick ratio of 1.48.
Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $342.49 million. On average, equities research analysts expect that Nice Ltd will post 2.56 EPS for the current year.
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.
Featured Article: Capital gains and your 401(k) or IRA
Want to see what other hedge funds are holding NICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nice Ltd (NASDAQ:NICE).
Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.