Essex Investment Management Co. LLC Buys Shares of 500 Nice Ltd (NICE)

Essex Investment Management Co. LLC bought a new position in Nice Ltd (NASDAQ:NICE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 500 shares of the technology company’s stock, valued at approximately $54,000.

Several other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. lifted its holdings in shares of Nice by 124.7% in the fourth quarter. Whittier Trust Co. now owns 427 shares of the technology company’s stock worth $46,000 after acquiring an additional 237 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Nice in the fourth quarter valued at approximately $263,000. Tygh Capital Management Inc. increased its stake in shares of Nice by 26.0% in the fourth quarter. Tygh Capital Management Inc. now owns 106,130 shares of the technology company’s stock valued at $11,484,000 after buying an additional 21,888 shares during the period. Bailard Inc. acquired a new position in shares of Nice in the fourth quarter valued at approximately $2,175,000. Finally, Optimum Investment Advisors increased its stake in shares of Nice by 88.9% in the fourth quarter. Optimum Investment Advisors now owns 850 shares of the technology company’s stock valued at $92,000 after buying an additional 400 shares during the period. 44.57% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently issued reports on the company. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Zacks Investment Research raised Nice from a “hold” rating to a “strong-buy” rating and set a $127.00 price objective for the company in a research note on Friday, November 23rd. Wedbush upped their price objective on Nice to $145.00 in a research note on Friday, February 15th. reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Nice in a research note on Thursday, February 14th. Finally, ValuEngine downgraded Nice from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.22.

NASDAQ:NICE opened at $116.10 on Friday. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.38 and a quick ratio of 1.34. Nice Ltd has a fifty-two week low of $88.74 and a fifty-two week high of $119.83.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, February 14th. The technology company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $420.00 million during the quarter, compared to the consensus estimate of $417.05 million. Nice had a net margin of 11.03% and a return on equity of 9.15%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, sell-side analysts expect that Nice Ltd will post 4.35 EPS for the current year.

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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.

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