Jefferies Group LLC Has $5.95 Million Holdings in Nice Ltd (NICE)

Jefferies Group LLC raised its position in Nice Ltd (NASDAQ:NICE) by 594.0% during the third quarter, HoldingsChannel.com reports. The fund owned 51,997 shares of the technology company’s stock after purchasing an additional 44,505 shares during the quarter. Jefferies Group LLC’s holdings in Nice were worth $5,952,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NICE. Bank of Montreal Can acquired a new position in Nice during the 2nd quarter worth approximately $2,915,000. Janney Montgomery Scott LLC purchased a new stake in Nice during the 2nd quarter worth approximately $239,000. Tobam purchased a new stake in Nice during the 2nd quarter worth approximately $732,000. Sei Investments Co. increased its holdings in Nice by 26.1% during the 2nd quarter. Sei Investments Co. now owns 45,691 shares of the technology company’s stock worth $4,741,000 after purchasing an additional 9,471 shares during the last quarter. Finally, Dean Capital Investments Management LLC purchased a new stake in Nice during the 2nd quarter worth approximately $414,000. Hedge funds and other institutional investors own 44.99% of the company’s stock.

Shares of NASDAQ NICE opened at $112.52 on Friday. Nice Ltd has a twelve month low of $84.49 and a twelve month high of $119.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6.94 billion, a PE ratio of 40.70, a PEG ratio of 2.94 and a beta of 0.90.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). Nice had a net margin of 12.37% and a return on equity of 9.49%. The firm had revenue of $356.45 million during the quarter, compared to the consensus estimate of $350.67 million. On average, equities analysts forecast that Nice Ltd will post 3.81 EPS for the current year.

Several research firms have issued reports on NICE. Zacks Investment Research upgraded Nice from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a report on Wednesday, August 15th. BidaskClub downgraded Nice from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Jefferies Financial Group lifted their price objective on Nice to $132.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. They noted that the move was a valuation call. Wedbush began coverage on Nice in a report on Thursday, October 18th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Nice currently has an average rating of “Buy” and an average price target of $113.00.

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About Nice

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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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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