Published on 25 Oct 2021 on Insider Monkey via Yahoo Finance
Should I Avoid NICE Ltd (NICE)?
In this article we will check out the progression of hedge fund sentiment towards NICE Ltd (NASDAQ:NICE) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.
Is NICE Ltd (NASDAQ:NICE) a buy right now? Investors who are in the know were becoming less hopeful. The number of long hedge fund bets retreated by 11 in recent months. NICE Ltd (NASDAQ:NICE) was in 22 hedge funds' portfolios at the end of June. The all time high for this statistic is 33. Our calculations also showed that NICE isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).
According to most shareholders, hedge funds are assumed to be underperforming, old investment vehicles of years past. While there are more than 8000 funds trading at present, Our researchers look at the aristocrats of this club, approximately 850 funds. These hedge fund managers handle most of the smart money's total capital, and by paying attention to their inimitable equity investments, Insider Monkey has determined several investment strategies that have historically exceeded the broader indices. Insider Monkey's flagship short hedge fund strategy outpaced the S&P 500 short ETFs by around 20 percentage points a year since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.