Aberdeen Group plc Has $9.26 Million Stake in Nice $NICE

Key Points

• Aberdeen Group plc significantly reduced its stake in Nice, from approximately 0.27% to 0.09%, decreasing its holdings by 66.2%, which is now valued at around $9.26 million.
• Institutional investors own 63.34% of Nice, with notable recent increases in holdings from firms like Deutsche Bank AG, which raised its position by 14.1% to over $106 million.
• Nice reported a quarterly earnings per share (EPS) of $3.01, beating expectations and demonstrating a year-over-year revenue growth of 9.4% with $726.71 million in revenue for the quarter.

Aberdeen Group plc decreased its stake in shares of Nice (NASDAQ:NICE - Free Report) by 66.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,840 shares of the technology company's stock after selling 107,579 shares during the quarter. Aberdeen Group plc owned about 0.09% of Nice worth $9,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG grew its position in shares of Nice by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock worth $106,628,000 after buying an additional 85,286 shares during the period. Cerity Partners LLC grew its position in shares of Nice by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock worth $1,540,000 after buying an additional 3,584 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Nice during the 1st quarter worth approximately $513,000. Townsquare Capital LLC grew its position in shares of Nice by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock worth $4,017,000 after buying an additional 24,446 shares during the period. Finally, ARK Investment Management LLC lifted its holdings in shares of Nice by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock worth $1,832,000 after purchasing an additional 1,746 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

NICE has been the topic of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Friday, June 20th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 target price on shares of Nice in a report on Tuesday, August 26th. DA Davidson cut their target price on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Morgan Stanley cut their target price on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.25.

Nice Trading Down 2.2%

Shares of NASDAQ:NICE opened at $128.52 on Thursday. The stock's fifty day simple moving average is $141.29 and its two-hundred day simple moving average is $153.88. Nice has a 1-year low of $127.00 and a 1-year high of $200.65. The stock has a market cap of $8.13 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96.

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

Want to see what other hedge funds are holding NICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nice (NASDAQ:NICE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.