Wellington Management Group LLP Makes New Investment in Nice $NICE

Key Points

• Wellington Management Group LLP acquired 15,330 shares of Nice for approximately $2.36 million, highlighting increasing institutional interest in the company.
• Several analysts have issued positive ratings for Nice, including JMP Securities with a $300 price target and Wall Street Zen upgrading the stock to "buy".
• Nice reported a strong quarterly performance with an EPS of $3.01, surpassing estimates, and set guidance for FY 2025 earnings between $12.330 and $12.530 EPS.

Wellington Management Group LLP acquired a new stake in Nice (NASDAQ:NICE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,330 shares of the technology company's stock, valued at approximately $2,363,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NICE. Brooklyn Investment Group grew its stake in Nice by 81,600.0% during the 1st quarter. Brooklyn Investment Group now owns 817 shares of the technology company's stock valued at $126,000 after purchasing an additional 816 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in Nice by 152.6% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 47,470 shares of the technology company's stock valued at $7,318,000 after purchasing an additional 28,680 shares in the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in Nice during the 1st quarter valued at approximately $440,000. Neuberger Berman Group LLC grew its position in shares of Nice by 40.9% in the 1st quarter. Neuberger Berman Group LLC now owns 639,685 shares of the technology company's stock worth $98,620,000 after acquiring an additional 185,716 shares in the last quarter. Finally, Tlwm grew its position in shares of Nice by 4.1% in the 1st quarter. Tlwm now owns 3,658 shares of the technology company's stock worth $564,000 after acquiring an additional 144 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of recent research reports. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Wedbush restated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Rosenblatt Securities restated a "buy" rating and issued a $190.00 price objective on shares of Nice in a report on Friday, August 15th. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 target price (up from $153.00) on shares of Nice in a report on Friday, June 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $300.00 price objective on shares of Nice in a research note on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Nice currently has a consensus rating of "Moderate Buy" and an average price target of $205.25.

Nice Trading Up 1.0%

NICE stock traded up $1.41 during trading on Friday, hitting $140.08. The company had a trading volume of 159,259 shares, compared to its average volume of 572,227. The company has a fifty day moving average price of $152.32 and a two-hundred day moving average price of $155.83. The company has a market cap of $8.86 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.19 and a beta of 0.95. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.64 earnings per share. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. On average, analysts expect that Nice will post 9.85 earnings per share for the current year.

Nice Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.