Paradigm Asset Management Co. LLC Makes New $1.78 Million Investment in NiCE $NICE

Paradigm Asset Management Co. LLC bought a new position in shares of NiCE (NASDAQ:NICE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,000 shares of the technology company’s stock, valued at approximately $1,780,000.

Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC bought a new position in NiCE during the first quarter worth about $44,000. Allworth Financial LP boosted its holdings in NiCE by 24.6% in the 2nd quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock valued at $79,000 after purchasing an additional 172 shares during the period. Farther Finance Advisors LLC boosted its holdings in NiCE by 36.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company’s stock valued at $103,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC boosted its holdings in NiCE by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company’s stock valued at $112,000 after purchasing an additional 517 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in NiCE by 7.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,527 shares of the technology company’s stock valued at $170,000 after purchasing an additional 108 shares during the period. Institutional investors own 63.34% of the company’s stock.

NiCE Stock Up 0.5%

NICE stock opened at $94.23 on Thursday. The company has a market cap of $5.51 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.77. The business has a 50-day simple moving average of $109.92 and a 200 day simple moving average of $104.53. NiCE has a 52 week low of $83.10 and a 52 week high of $136.52.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.06. NiCE had a net margin of 12.01% and a return on equity of 14.34%. The business had revenue of $790.70 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same quarter in the prior year, the business posted $3.18 earnings per share. NiCE’s revenue was up 8.0% compared to the same quarter last year. On average, analysts anticipate that NiCE will post 8.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NICE has been the topic of several recent research reports. Citizens Jmp lowered their target price on shares of NiCE from $170.00 to $158.00 and set a “market outperform” rating on the stock in a report on Thursday, November 5th. Yorkville Ives assumed coverage on shares of NiCE in a research report on Monday, October 5th. They issued an “in-line” rating and a $125.00 price target for the company. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of NiCE in a research report on Thursday, August 6th. Finally, DA Davidson raised their price objective on NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.79.

NiCE Company Profile

NiCE Ltd. (NASDAQ: NICE), formerly known as NICE Systems, is a software company founded in Israel in 1986. It develops cloud-based and artificial intelligence-powered tools for businesses and public-sector organizations. Its products help organizations manage customer service across phone, chat and other digital channels, analyze customer interactions, and support contact-center operations. The company’s offerings include NICE CXone for customer experience and contact-center management, as well as NICE Actimize, which provides financial crime, risk and compliance software.