Is Nice Systems Ltd (ADR) (NICE) Going to Burn These Hedge Funds?

Should Nice Systems Ltd (ADR) (NASDAQ:NICE) investors track the following data?

To the average investor, there are plenty of gauges market participants can use to monitor their holdings. A pair of the best are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can beat their index-focused peers by a superb amount (see just how much).

Just as key, optimistic insider trading activity is a second way to analyze the marketplace. As the old adage goes: there are a number of motivations for an insider to downsize shares of his or her company, but just one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the valuable potential of this strategy if “monkeys” understand what to do (learn more here).

Keeping this in mind, let’s discuss the newest info for Nice Systems Ltd (ADR) (NASDAQ:NICE).

What does the smart money think about Nice Systems Ltd (ADR) (NASDAQ:NICE)?

At Q2’s end, a total of 16 of the hedge funds we track held long positions in this stock, a change of 14% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes meaningfully.

According to our 13F database, Glenhill Advisors, managed by Glenn J. Krevlin, holds the biggest position in Nice Systems Ltd (ADR) (NASDAQ:NICE). Glenhill Advisors has a $33.1 million position in the stock, comprising 3.8% of its 13F portfolio. On Glenhill Advisors’s heels is Jericho Capital Asset Management, managed by Josh Resnick, which held a $15.9 million position; 1.1% of its 13F portfolio is allocated to the company. Some other hedgies that hold long positions include Scott Scher & Michael Prober’s Clovis Capital Management, Eric Bannasch’s Cadian Capital and D. E. Shaw’s D E Shaw.

Consequently, particular hedge funds were breaking ground themselves. Glenhill Advisors, managed by Glenn J. Krevlin, established the largest position in Nice Systems Ltd (ADR) (NASDAQ:NICE). Glenhill Advisors had 33.1 million invested in the company at the end of the quarter. Josh Resnick’s Jericho Capital Asset Management also initiated a $15.9 million position during the quarter. The following funds were also among the new NICE investors: Scott Scher & Michael Prober’s Clovis Capital Management, Eric Bannasch’s Cadian Capital, and D. E. Shaw’s D E Shaw.

What have insiders been doing with Nice Systems Ltd (ADR) (NASDAQ:NICE)?

Insider buying made by high-level executives is most useful when the primary stock in question has experienced transactions within the past 180 days. Over the latest six-month time frame, Nice Systems Ltd (ADR) (NASDAQ:NICE) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Nice Systems Ltd (ADR) (NASDAQ:NICE). These stocks are Electronics For Imaging, Inc. (NASDAQ:EFII), Logitech International SA (USA) (NASDAQ:LOGI), Synaptics, Incorporated (NASDAQ:SYNA), Universal Display Corporation (NASDAQ:PANL), and Stratasys, Ltd. (NASDAQ:SSYS). This group of stocks are the members of the computer peripherals industry and their market caps match NICE’s market cap.

Using the results shown by Insider Monkey’s research, regular investors should always keep one eye on hedge fund and insider trading sentiment, and Nice Systems Ltd (ADR) (NASDAQ:NICE) applies perfectly to this mantra.

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