Optimum Investment Advisors Raises Position in Nice Ltd (NICE)

Optimum Investment Advisors raised its holdings in shares of Nice Ltd (NASDAQ:NICE) by 88.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 850 shares of the technology company’s stock after purchasing an additional 400 shares during the quarter. Optimum Investment Advisors’ holdings in Nice were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Nice by 261.5% in the 4th quarter. CWM LLC now owns 347 shares of the technology company’s stock worth $38,000 after buying an additional 251 shares during the period. Financial Gravity Companies Inc. purchased a new position in Nice during the 4th quarter valued at about $40,000. We Are One Seven LLC purchased a new position in shares of Nice in the 4th quarter worth approximately $41,000. Quantamental Technologies LLC purchased a new position in shares of Nice in the 4th quarter worth approximately $54,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Nice in the 3rd quarter worth approximately $106,000. Hedge funds and other institutional investors own 44.78% of the company’s stock.

NICE stock opened at $113.07 on Wednesday. Nice Ltd has a fifty-two week low of $86.34 and a fifty-two week high of $119.83. The firm has a market cap of $6.89 billion, a P/E ratio of 48.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

NICE has been the subject of several recent research reports. ValuEngine lowered shares of Nice from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. Zacks Investment Research lowered shares of Nice from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. BidaskClub raised shares of Nice from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Wedbush assumed coverage on shares of Nice in a research report on Thursday, October 18th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Royal Bank of Canada upped their target price on shares of Nice to $120.00 and gave the company a “market perform” rating in a research report on Friday, November 9th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $117.67.

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Nice Company 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.

Further Reading: Net Asset Value

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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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