As Nice LTD (NICE) Share Value Rose, Menora Mivtachim Holdings LTD Decreased by $10.56 Million Its Position

January 14, 2018 - By Richard Conner

Menora Mivtachim Holdings Ltd decreased its stake in Nice Ltd (NICE) by 29.67% based on its latest 2017Q3 regulatory filing with the SEC. Menora Mivtachim Holdings Ltd sold 130,398 shares as the company’s stock rose 7.66% with the market. The institutional investor held 309,061 shares of the computer manufacturing company at the end of 2017Q3, valued at $25.13 million, down from 439,459 at the end of the previous reported quarter. Menora Mivtachim Holdings Ltd who had been investing in Nice Ltd for a number of months, seems to be less bullish one the $5.46 billion market cap company. The stock increased 0.13% or $0.12 during the last trading session, reaching $94.09. About 101,222 shares traded. NICE Ltd. (NASDAQ:NICE) has risen 16.65% since January 14, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Menora Mivtachim Holdings Ltd, which manages about $2.46 billion US Long portfolio, upped its stake in Goldman Sachs Group Inc (NYSE:GS) by 139,315 shares to 144,723 shares, valued at $34.33 million in 2017Q3, according to the filing. It also increased its holding in Teva Pharmaceutical Inds Ltd (NYSE:TEVA) by 2.18 million shares in the quarter, for a total of 2.76 million shares, and has risen its stake in Tower Semiconductor Ltd (NASDAQ:TSEM).

Analysts await NICE Ltd. (NASDAQ:NICE) to report earnings on February, 15. They expect $0.77 earnings per share, down 23.00 % or $0.23 from last year’s $1 per share. NICE’s profit will be $44.70 million for 30.55 P/E if the $0.77 EPS becomes a reality. After $0.42 actual earnings per share reported by NICE Ltd. for the previous quarter, Wall Street now forecasts 83.33 % EPS growth.

More news for NICE Ltd. (NASDAQ:NICE) were recently published by: Seekingalpha.com, which released: “CNOOC: An Asian Oil Tiger Paying A Nice Dividend” on January 09, 2018. Fool.com‘s article titled: “China Mobile Ltd. (ADR) is Too Cheap to Ignore” and published on January 03, 2018 is yet another important article.

NICE Ltd. (NASDAQ:NICE) Ratings Coverage

Among 13 analysts covering NICE Systems (NASDAQ:NICE), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. NICE Systems had 24 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of NICE Ltd. (NASDAQ:NICE) earned “Equal-Weight” rating by Barclays Capital on Friday, August 4. Chardan Capital Markets initiated it with “Buy” rating and $63 target in Wednesday, June 22 report. The firm has “Neutral” rating by Citigroup given on Friday, November 3. The stock has “Buy” rating by Chardan Capital Markets on Wednesday, January 11. The firm has “Outperform” rating given on Wednesday, December 13 by Oppenheimer. Chardan Capital Markets downgraded the stock to “Neutral” rating in Monday, November 6 report. The firm has “Hold” rating given on Friday, November 3 by Jefferies. The rating was maintained by FBR Capital with “Outperform” on Thursday, July 30. Oppenheimer maintained NICE Ltd. (NASDAQ:NICE) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $8500 target. The rating was upgraded by Zacks on Wednesday, August 5 to “Hold”.

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