Paradigm Asset Management Co. LLC Buys 16,000 Shares of NiCE $NICE

Paradigm Asset Management Co. LLC bought a new position in shares of NiCE (NASDAQ:NICE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the technology company’s stock, valued at approximately $1,780,000.

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

NiCE Stock Performance

NASDAQ NICE opened at $94.23 on Thursday. The firm’s fifty day moving average price is $109.92 and its two-hundred day moving average price is $104.53. The stock has a market cap of $5.51 billion, a PE ratio of 15.25, a PEG ratio of 1.02 and a beta of 0.77. NiCE has a fifty-two week low of $83.10 and a fifty-two week high of $136.52.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Wednesday, November 4th. The technology company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.06. NiCE had a return on equity of 14.34% and a net margin of 12.01%. The company had revenue of $790.70 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same period in the prior year, the company earned $3.18 EPS. NiCE’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that NiCE will post 8.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citizens Jmp reduced their price objective on NiCE from $170.00 to $158.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 5th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of NiCE in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their target price on shares of NiCE from $145.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. Citigroup restated a “market outperform” rating on shares of NiCE in a research note on Thursday, November 5th. Finally, Weiss Ratings upgraded shares of NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.79.

NiCE 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.