Alliancebernstein L.P. Grows Holdings in Nice $NICE

Key Points

• Alliancebernstein L.P. increased its holdings in Nice by 1,125.3% during the first quarter, owning a total of 768,737 shares valued at approximately $118.5 million.
• Analysts have a generally positive outlook on Nice, with an average target price of $205.25 and a consensus rating of "Moderate Buy," supported by multiple "outperform" ratings.
• Nice reported strong quarterly earnings of $3.01 per share, exceeding estimates, and experienced a revenue growth of 9.4% year-over-year, totaling $726.71 million.

Alliancebernstein L.P. lifted its stake in shares of Nice (NASDAQ:NICE - Free Report) by 1,125.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 768,737 shares of the technology company's stock after acquiring an additional 705,997 shares during the period. Alliancebernstein L.P. owned 1.22% of Nice worth $118,516,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC purchased a new position in Nice in the first quarter valued at approximately $226,000. Federation des caisses Desjardins du Quebec raised its holdings in Nice by 424.4% in the first quarter. Federation des caisses Desjardins du Quebec now owns 12,759 shares of the technology company's stock valued at $1,967,000 after buying an additional 10,326 shares during the period. First Manhattan CO. LLC. raised its holdings in Nice by 19.2% in the first quarter. First Manhattan CO. LLC. now owns 582,559 shares of the technology company's stock valued at $89,813,000 after buying an additional 94,039 shares during the period. Parnassus Investments LLC raised its holdings in Nice by 6.4% in the first quarter. Parnassus Investments LLC now owns 550,462 shares of the technology company's stock valued at $84,865,000 after buying an additional 33,183 shares during the period. Finally, Broyhill Asset Management LLC raised its holdings in Nice by 41.8% in the first quarter. Broyhill Asset Management LLC now owns 36,723 shares of the technology company's stock valued at $5,662,000 after buying an additional 10,818 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NICE shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Citigroup lowered their price objective on shares of Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 price objective on shares of Nice in a research report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.25.

Nice Trading Up 1.3%

NICE stock opened at $140.41 on Friday. Nice has a twelve month low of $127.00 and a twelve month high of $200.65. The company has a market capitalization of $8.88 billion, a P/E ratio of 16.78, a PEG ratio of 1.20 and a beta of 0.95. The firm has a 50 day simple moving average of $151.82 and a 200-day simple moving average of $155.58.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly 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. Nice had a net margin of 18.92% and a return on equity of 17.43%. The business had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. During the same quarter last year, the company earned $2.64 earnings per share. The business's quarterly revenue was up 9.4% compared to the same quarter last year. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. On average, research analysts predict that Nice will post 9.85 EPS for the current year.

About Nice

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.

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