Assenagon Asset Management S.A. Acquires New Stake in Nice $NICE

Key Points

• Assenagon Asset Management S.A. acquired a new stake in Nice valued at approximately $757,000, alongside significant increases in holdings from other institutional investors.
• Analysts have varying ratings and target prices for Nice, with a consensus price target of $205.25 and a "Moderate Buy" rating among 8 analysts.
• Nice reported a 9.4% year-over-year revenue increase for the most recent quarter, with earnings per share of $3.01 exceeding expectations.

Assenagon Asset Management S.A. acquired a new stake in Nice (NASDAQ:NICE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,479 shares of the technology company's stock, valued at approximately $757,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NICE. Alliancebernstein L.P. lifted its holdings in Nice by 1,125.3% in the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock valued at $118,516,000 after buying an additional 705,997 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Nice in the first quarter valued at $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Nice by 218.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock valued at $139,989,000 after buying an additional 623,014 shares during the period. Wealthquest Corp acquired a new position in Nice in the first quarter valued at $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Nice by 12.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock valued at $272,306,000 after buying an additional 193,000 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NICE has been the topic of several recent analyst reports. DA Davidson dropped their target price on shares of Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Rosenblatt Securities restated a "buy" rating and issued a $190.00 target price on shares of Nice in a report on Friday, August 15th. Royal Bank Of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Piper Sandler reaffirmed a "neutral" rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $300.00 price target on shares of Nice in a research note on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Nice presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.25.

Nice Trading Down 0.9%

NICE opened at $145.78 on Friday. Nice has a 1-year low of $127.00 and a 1-year high of $200.65. The company has a market cap of $9.22 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95. The company has a fifty day moving average price of $147.02 and a two-hundred day moving average price of $155.35.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. The firm had revenue of $726.71 million during the quarter, compared to analysts' expectations of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $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, research analysts forecast that Nice will post 9.85 EPS 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.

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