Bank of New York Mellon Corp Boosts Stake in Nice Ltd (NICE)

Bank of New York Mellon Corp boosted its position in shares of Nice Ltd (NASDAQ:NICE) by 117.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 24,972 shares of the technology company’s stock after purchasing an additional 13,490 shares during the period. Bank of New York Mellon Corp’s holdings in Nice were worth $2,030,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NICE. Parametric Portfolio Associates LLC grew its stake in Nice by 31.1% during the second quarter. Parametric Portfolio Associates LLC now owns 201,670 shares of the technology company’s stock valued at $15,875,000 after acquiring an additional 47,895 shares in the last quarter. Tygh Capital Management Inc. grew its stake in Nice by 58.6% during the third quarter. Tygh Capital Management Inc. now owns 92,906 shares of the technology company’s stock valued at $7,554,000 after acquiring an additional 34,320 shares in the last quarter. Penn Capital Management Co. Inc. grew its stake in Nice by 14.5% during the second quarter. Penn Capital Management Co. Inc. now owns 198,063 shares of the technology company’s stock valued at $15,733,000 after acquiring an additional 25,057 shares in the last quarter. Investec Asset Management LTD grew its stake in Nice by 1.9% during the second quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock valued at $59,222,000 after acquiring an additional 14,075 shares in the last quarter. Finally, Eaton Vance Management purchased a new position in Nice during the second quarter valued at approximately $426,000. 45.00% of the stock is owned by institutional investors.

Nice Ltd (NASDAQ NICE) opened at $93.99 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. Nice Ltd has a 12 month low of $65.59 and a 12 month high of $94.75. The company has a market cap of $5,730.00, a P/E ratio of 61.84, a price-to-earnings-growth ratio of 3.63 and a beta of 0.90.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Nice from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Chardan Capital boosted their price objective on shares of Nice from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub raised shares of Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Nice in a research note on Wednesday, December 13th. Finally, Jefferies Group boosted their price objective on shares of Nice from $84.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $88.11.

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Nice Company Profile

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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