We Dig Into the Smart Money Sentiment Towards Nice Systems Ltd (ADR) (NICE)

Due to the fact that Nice Systems Ltd (ADR) (NASDAQ:NICE) has faced a declination in interest from the aggregate hedge fund industry, it’s easy to see that there is a sect of hedge funds that elected to cut their full holdings heading into Q4. Intriguingly, Soros Fund Management sold off the biggest position of all the hedgies watched by Insider Monkey, totaling close to $65.3 million in stock, and Chao Ku’s Nine Chapters Capital Management was right behind this move, as the fund cut about $0.7 million worth of shares. These bearish behaviors are interesting, as total hedge fund interest was cut by 1 fund heading into Q4.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Nice Systems Ltd (ADR) (NASDAQ:NICE) but similarly valued. We will take a look at Retail Properties of America Inc (NYSE:RPAI), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), Owens-Illinois Inc (NYSE:OI), and Companhia Brasileira de Distrib. (ADR) (NYSE:CBD). This group of stocks’ market valuations match Nice Systems Ltd’s market valuation.

As you can see these stocks had an average of 18.25 hedge funds with bullish positions and the average amount invested in these stocks was $474 million. That figure was $170 million in Nice Systems Ltd’s case. ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) is the most popular stock in this table. On the other hand Companhia Brasileira de Distrib. (ADR) (NYSE:CBD) is the least popular one with only 8 bullish hedge fund positions. Nice Systems Ltd (ADR) (NASDAQ:NICE) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are pouring money into. In this regard ACADIA Pharmaceuticals Inc. and Owens-Illinois Inc might be better candidates to consider long positions in.