89,635 NiCE $NICE Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. cut its holdings in NiCE (NASDAQ:NICE) by 36.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 157,367 shares of the technology company’s stock after selling 89,635 shares during the period. NiCE comprises about 1.2% of New South Capital Management Inc.’s holdings, making the stock its 26th biggest position. New South Capital Management Inc.’s holdings in NiCE were worth $17,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Command Advisory Services Inc. grew its stake in NiCE by 78,250.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,567 shares of the technology company’s stock valued at $174,000 after purchasing an additional 1,565 shares during the period. Cornerstone Wealth Management LLC bought a new stake in shares of NiCE during the 3rd quarter worth $219,000. Private Management Group Inc. raised its stake in shares of NiCE by 0.7% during the 3rd quarter. Private Management Group Inc. now owns 368,464 shares of the technology company’s stock worth $40,999,000 after purchasing an additional 2,485 shares during the period. 180 Wealth Advisors LLC raised its stake in shares of NiCE by 4.0% during the 3rd quarter. 180 Wealth Advisors LLC now owns 5,006 shares of the technology company’s stock worth $557,000 after purchasing an additional 193 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of NiCE by 7.6% in 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. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Stock Performance

Shares of NASDAQ NICE opened at $94.23 on Thursday. The stock has a fifty day moving average of $109.92 and a 200-day moving average of $104.53. NiCE has a fifty-two week low of $83.10 and a fifty-two week high of $136.52. The stock 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.

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

Analyst Ratings Changes

Several brokerages have commented on NICE. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of NiCE in a research report on Thursday, August 6th. Citigroup reiterated a “market outperform” rating on shares of NiCE in a research note on Thursday, November 5th. Weiss Ratings raised shares of NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Yorkville Ives started coverage on shares of NiCE in a research note on Monday, October 5th. They set an “in-line” rating and a $125.00 price target for the company. Finally, Citizens Jmp decreased their price target on shares of NiCE from $170.00 to $158.00 and set a “market outperform” rating for the company in a research note on Thursday, November 5th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company 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.