Nice Ltd (NASDAQ:NICE) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC grew its stake in Nice Ltd (NASDAQ:NICE) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,494 shares of the technology company’s stock after purchasing an additional 88 shares during the quarter. Parallel Advisors LLC’s holdings in Nice were worth $215,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Invesco Ltd. bought a new stake in shares of Nice during the 2nd quarter valued at about $372,502,000. William Blair Investment Management LLC grew its position in shares of Nice by 22.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,351,820 shares of the technology company’s stock valued at $185,185,000 after buying an additional 244,874 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Nice by 10.3% during the 2nd quarter. Acadian Asset Management LLC now owns 715,421 shares of the technology company’s stock valued at $98,012,000 after buying an additional 66,561 shares during the last quarter. Greystone Managed Investments Inc. grew its position in shares of Nice by 8.6% during the 2nd quarter. Greystone Managed Investments Inc. now owns 322,277 shares of the technology company’s stock valued at $44,152,000 after buying an additional 25,470 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Nice by 7.8% during the 2nd quarter. APG Asset Management N.V. now owns 262,500 shares of the technology company’s stock valued at $31,579,000 after buying an additional 18,900 shares during the last quarter. Institutional investors and hedge funds own 48.17% of the company’s stock.

NASDAQ NICE traded up $0.07 on Friday, hitting $158.54. The stock had a trading volume of 179,600 shares, compared to its average volume of 193,107. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 3.19 and a beta of 0.78. Nice Ltd has a one year low of $102.56 and a one year high of $161.01. The company’s 50-day moving average is $150.48 and its two-hundred day moving average is $145.81.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. The business had revenue of $381.40 million during the quarter, compared to the consensus estimate of $378.80 million. Nice had a net margin of 11.85% and a return on equity of 12.09%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, sell-side analysts anticipate that Nice Ltd will post 4.42 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Nice from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their price objective on shares of Nice from $166.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 9th. BidaskClub raised shares of Nice from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. JMP Securities boosted their price objective on shares of Nice from $164.00 to $185.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Finally, Morgan Stanley set a $140.00 price objective on shares of Nice and gave the company a “hold” rating in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Nice presently has a consensus rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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