Parallel Advisors LLC Purchases 88 Shares of Nice Ltd (NASDAQ:NICE)

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Parallel Advisors LLC boosted its position in shares of Nice Ltd (NASDAQ:NICE) by 6.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,494 shares of the technology company’s stock after buying an additional 88 shares during the period. Parallel Advisors LLC’s holdings in Nice were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NICE. First Trust Advisors LP bought a new position in Nice during the 1st quarter valued at about $705,000. Pinnacle Bank lifted its holdings in Nice by 44.5% during the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. West Coast Financial LLC bought a new position in Nice during the 2nd quarter valued at about $201,000. Navellier & Associates Inc lifted its holdings in Nice by 28.5% during the 2nd quarter. Navellier & Associates Inc now owns 16,957 shares of the technology company’s stock valued at $2,323,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Vigilant Capital Management LLC lifted its holdings in Nice by 20.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 1,450 shares of the technology company’s stock valued at $199,000 after purchasing an additional 250 shares during the last quarter. 48.17% of the stock is owned by hedge funds and other institutional investors.

NICE traded up $0.07 during midday trading on Friday, hitting $158.54. The company had a trading volume of 179,600 shares, compared to its average volume of 193,107. The firm’s 50-day simple moving average is $150.48 and its 200-day simple moving average is $145.81. Nice Ltd has a twelve month low of $102.56 and a twelve month high of $161.01. The company has a market capitalization of $9.80 billion, a PE ratio of 41.18, a P/E/G ratio of 3.19 and a beta of 0.78. 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 released its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Nice had a net margin of 11.85% and a return on equity of 12.09%. The business had revenue of $381.40 million for the quarter, compared to analyst estimates of $378.80 million. During the same quarter last year, the firm earned $1.06 EPS. Nice’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nice Ltd will post 4.42 EPS for the current fiscal year.

Several brokerages recently issued reports on NICE. Rosenblatt Securities began coverage on shares of Nice in a report on Wednesday, September 4th. They set a “buy” rating and a $187.00 price target for the company. ValuEngine downgraded shares of Nice from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JMP Securities lifted their price target on shares of Nice from $164.00 to $185.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. Morgan Stanley set a $140.00 price target on shares of Nice and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group lifted their price target on shares of Nice from $166.00 to $179.00 and gave the company a “buy” rating in a report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $158.50.

About Nice

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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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).

Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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