As Nice (NICE) Market Value Rose, Psagot Investment House LTD Decreased Holding; Saba Capital Management LP Has Trimmed Holding in General Amern Invs (GAM) as Valuation Declined

April 16, 2018 - By wolcottdaily

NICE Ltd. (NASDAQ:NICE) Logo

Psagot Investment House Ltd decreased its stake in Nice (NICE) by 26.46% based on its latest 2017Q4 regulatory filing with the SEC. Psagot Investment House Ltd sold 58,517 shares as the company’s stock rose 2.77% while stock markets declined. The institutional investor held 162,655 shares of the computer manufacturing company at the end of 2017Q4, valued at $14.95M, down from 221,172 at the end of the previous reported quarter. Psagot Investment House Ltd who had been investing in Nice for a number of months, seems to be less bullish one the $5.96 billion market cap company. The stock increased 0.68% or $0.64 during the last trading session, reaching $94.64. About 20,934 shares traded. NICE Ltd. (NASDAQ:NICE) has risen 35.74% since April 16, 2017 and is uptrending. It has outperformed by 24.19% the S&P500.

Boaz Weinstein decreased its stake in General Amern Invs Inc (GAM) by 39.51% based on its latest 2017Q4 regulatory filing with the SEC. Saba Capital Management Lp sold 413,350 shares as the company’s stock declined 1.96% with the market. The hedge fund run by Boaz Weinstein held 632,876 shares of the company at the end of 2017Q4, valued at $21.77 million, down from 1.05 million at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in General Amern Invs Inc for a number of months, seems to be less bullish one the $887.82 million market cap company. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.9. About 2,354 shares traded. General American Investors Company, Inc. (NYSE:GAM) has risen 9.16% since April 16, 2017 and is uptrending. It has underperformed by 2.39% the S&P500.

Analysts await NICE Ltd. (NASDAQ:NICE) to report earnings on May, 3. They expect $0.53 EPS, down 29.33% or $0.22 from last year’s $0.75 per share. NICE’s profit will be $33.36 million for 44.64 P/E if the $0.53 EPS becomes a reality. After $1.27 actual EPS reported by NICE Ltd. for the previous quarter, Wall Street now forecasts -58.27% negative EPS growth.

Among 13 analysts covering NICE Systems (NASDAQ:NICE), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. NICE Systems had 28 analyst reports since July 30, 2015 according to SRatingsIntel. Chardan Capital Markets downgraded the shares of NICE in report on Monday, November 6 to “Neutral” rating. The rating was initiated by Chardan Capital Markets with “Buy” on Wednesday, June 22. The company was maintained on Monday, October 30 by RBC Capital Markets. The stock of NICE Ltd. (NASDAQ:NICE) earned “Neutral” rating by UBS on Wednesday, August 26. Zacks upgraded the shares of NICE in report on Wednesday, August 5 to “Hold” rating. Jefferies maintained NICE Ltd. (NASDAQ:NICE) rating on Friday, November 3. Jefferies has “Hold” rating and $87 target. Barclays Capital maintained it with “Equal-Weight” rating and $80 target in Friday, August 4 report. The rating was maintained by Chardan Capital Markets on Wednesday, January 11 with “Buy”. The stock has “Hold” rating by RBC Capital Markets on Sunday, September 24. RBC Capital Markets maintained NICE Ltd. (NASDAQ:NICE) rating on Friday, February 12. RBC Capital Markets has “Sector Perform” rating and $68 target.

Psagot Investment House Ltd, which manages about $2.30B US Long portfolio, upped its stake in Citigroup(C) (NYSE:C) by 13,148 shares to 62,026 shares, valued at $4.62 million in 2017Q4, according to the filing. It also increased its holding in Vanguard(Vcsh) (VCSH) by 44,923 shares in the quarter, for a total of 222,339 shares, and has risen its stake in Ishares(Iev Us) (IEV).

Since December 14, 2017, it had 7 insider purchases, and 1 insider sale for $368,862 activity. DAVIDSON SPENCER also bought $197,991 worth of General American Investors Company, Inc. (NYSE:GAM) on Friday, December 15. Priest Jeffrey W had bought 4,000 shares worth $132,620 on Thursday, February 8. Majmudar Anang K. had bought 243 shares worth $8,614 on Friday, March 9. The insider Stark Eugene S bought 700 shares worth $23,716.

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