NICE Ltd. (NICE) Touches $104.46 High on May, 17; Balyasny Asset Management Lowered Valley National Bancorp (VLY) Holding

May 17, 2018 - By Peter Erickson

NICE Ltd. (NASDAQ:NICE) Logo

Balyasny Asset Management Llc decreased Valley National Bancorp (VLY) stake by 96.51% reported in 2017Q4 SEC filing. Balyasny Asset Management Llc sold 323,336 shares as Valley National Bancorp (VLY)’s stock rose 7.71%. The Balyasny Asset Management Llc holds 11,700 shares with $131,000 value, down from 335,036 last quarter. Valley National Bancorp now has $4.22B valuation. The stock decreased 0.12% or $0.02 during the last trading session, reaching $12.74. About 1.22 million shares traded. Valley National Bancorp (NYSE:VLY) has risen 6.96% since May 17, 2017 and is uptrending. It has underperformed by 4.59% the S&P500.

The stock of NICE Ltd. (NASDAQ:NICE) reached all time high today, May, 17 and still has $109.68 target or 5.00% above today’s $104.46 share price. This indicates more upside for the $6.30B company. This technical setup was reported by Barchart.com. If the $109.68 PT is reached, the company will be worth $315.10M more. The stock increased 0.87% or $0.9 during the last trading session, reaching $104.46. About 96,668 shares traded. NICE Ltd. (NASDAQ:NICE) has risen 35.74% since May 17, 2017 and is uptrending. It has outperformed by 24.19% the S&P500.

More news for Valley National Bancorp (NYSE:VLY) were recently published by: Seekingalpha.com, which released: “Valley National Bancorp’s (VLY) CEO Ira Robbins on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for Comerica, Valley National, Santander Consumer, Sterling, Kemet, and …” and published on May 11, 2018 is yet another important article.

Since January 29, 2018, it had 2 insider buys, and 2 sales for $2.40 million activity. GUILFOILE MARY had sold 18,516 shares worth $236,079. $24,945 worth of Valley National Bancorp (NYSE:VLY) shares were bought by LENNER MARC J. $2.24M worth of Valley National Bancorp (NYSE:VLY) was sold by Steans Jennifer W on Wednesday, May 9. Another trade for 3,433 shares valued at $43,613 was made by Baum Peter J on Monday, January 29.

Balyasny Asset Management Llc increased Mattel Inc (Call) (NASDAQ:MAT) stake by 1.99M shares to 2.09M valued at $32.22 million in 2017Q4. It also upped Legg Mason Inc (NYSE:LM) stake by 131,256 shares and now owns 136,939 shares. Realogy Holdings Corp (NYSE:RLGY) was raised too.

Analysts await Valley National Bancorp (NYSE:VLY) to report earnings on July, 25. They expect $0.23 earnings per share, up 27.78% or $0.05 from last year’s $0.18 per share. VLY’s profit will be $76.22M for 13.85 P/E if the $0.23 EPS becomes a reality. After $0.18 actual earnings per share reported by Valley National Bancorp for the previous quarter, Wall Street now forecasts 27.78% EPS growth.

Among 11 analysts covering Valley National Bancorp (NYSE:VLY), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Valley National Bancorp had 26 analyst reports since August 19, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded the shares of VLY in report on Thursday, July 27 to “Buy” rating. The firm has “Sell” rating by Guggenheim given on Tuesday, August 25. The firm earned “Hold” rating on Monday, May 29 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Tuesday, January 30 by Hovde Group. As per Thursday, January 25, the company rating was maintained by Sandler O’Neill. The firm has “Outperform” rating given on Thursday, July 27 by Wood. The firm earned “Overweight” rating on Friday, January 5 by PiperJaffray. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, July 25. The firm earned “Hold” rating on Tuesday, August 8 by Piper Jaffray. The stock has “Buy” rating by Piper Jaffray on Friday, March 16.

Investors sentiment decreased to 1.3 in Q4 2017. Its down 0.36, from 1.66 in 2017Q3. It is negative, as 23 investors sold VLY shares while 67 reduced holdings. 33 funds opened positions while 84 raised stakes. 165.19 million shares or 1.26% less from 167.29 million shares in 2017Q3 were reported. Bnp Paribas Arbitrage invested in 243,614 shares. New Jersey-based Highlander Capital Mngmt Lc has invested 0.23% in Valley National Bancorp (NYSE:VLY). Lenox Wealth Mgmt Inc has invested 0% in Valley National Bancorp (NYSE:VLY). Proshare Advsrs holds 0.01% in Valley National Bancorp (NYSE:VLY) or 99,928 shares. Louisiana State Employees Retirement System reported 66,800 shares. South Dakota Investment Council accumulated 86,500 shares. Jane Street Gp Llc invested in 0% or 41,749 shares. Federated Incorporated Pa holds 0.01% or 402,170 shares. Sei Invests, a Pennsylvania-based fund reported 212,505 shares. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.01% in Valley National Bancorp (NYSE:VLY). Pacad Inv invested 0.01% of its portfolio in Valley National Bancorp (NYSE:VLY). Guggenheim Capital Limited Company owns 166,788 shares. Geode Capital Mngmt Ltd Liability Company holds 2.67 million shares. New Jersey-based Bessemer has invested 0% in Valley National Bancorp (NYSE:VLY). Goldman Sachs Gp Inc accumulated 2.24M shares.

More notable recent NICE Ltd. (NASDAQ:NICE) news were published by: Businesswire.com which released: “NICE Back Office Solution Receives Frost and Sullivan Market Leadership Europe Award” on May 17, 2018, also Businesswire.com with their article: “NICE Actimize Named “Best Financial Crime Prevention Technology” Category Winner in FTF News 2018 Technology …” published on May 17, 2018, Globes.Co.Il published: “Tue: NICE continues to climb as TASE gains” on May 15, 2018. More interesting news about NICE Ltd. (NASDAQ:NICE) were released by: Businesswire.com and their article: “NICE and NICE inContact Announce CX Excellence Award Winners at Interactions 2018, The Industry’s Largest …” published on May 16, 2018 as well as Globes.Co.Il‘s news article titled: “NICE Systems worth over $6b for first time” with publication date: May 14, 2018.

Among 14 analysts covering NICE Systems (NASDAQ:NICE), 5 have Buy rating, 0 Sell and 9 Hold. Therefore 36% are positive. NICE Systems had 29 analyst reports since July 30, 2015 according to SRatingsIntel. Chardan Capital Markets downgraded NICE Ltd. (NASDAQ:NICE) on Monday, November 6 to “Neutral” rating. J.P. Morgan downgraded NICE Ltd. (NASDAQ:NICE) on Friday, November 3 to “Hold” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, August 4. Oppenheimer maintained the shares of NICE in report on Thursday, February 15 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, August 26 by UBS. The company was maintained on Friday, February 12 by RBC Capital Markets. The stock of NICE Ltd. (NASDAQ:NICE) has “Overweight” rating given on Wednesday, June 29 by JP Morgan. The firm earned “Hold” rating on Friday, November 3 by Jefferies. The firm has “Buy” rating given on Wednesday, June 22 by Chardan Capital Markets. The firm has “In-Line” rating by Imperial Capital given on Friday, January 13.

Valley National Bancorp (NYSE:VLY) Institutional Positions Chart

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