Nice $NICE Stock Position Lowered by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management LLC has reduced its stock holdings in Nice (NASDAQ:NICE) by 41.1%, bringing its ownership down to 27,407 shares valued at $4,225,000.
• Analysts have recently modified their ratings on Nice, with a mix of ratings including a consensus of "Moderate Buy" and varied price targets ranging from $150.00 to $205.25.
• Nice reported $3.01 EPS for its latest quarter, exceeding estimates, with a 9.4% year-over-year revenue growth totaling $726.71 million.

Azimuth Capital Investment Management LLC lowered its position in Nice (NASDAQ:NICE - Free Report) by 41.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,407 shares of the technology company's stock after selling 19,087 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Nice were worth $4,225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Nice in the 4th quarter valued at about $313,808,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Nice during the first quarter worth about $98,485,000. Deutsche Bank AG raised its stake in Nice by 95.7% during the fourth quarter. Deutsche Bank AG now owns 606,341 shares of the technology company's stock worth $102,981,000 after acquiring an additional 296,514 shares during the period. Wealthquest Corp acquired a new stake in Nice during the first quarter worth about $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Nice by 12.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock worth $272,306,000 after purchasing an additional 193,000 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Stock Down 0.5%

NASDAQ:NICE traded down $0.6330 during trading hours on Thursday, reaching $137.2270. 159,595 shares of the company's stock were exchanged, compared to its average volume of 560,635. The company has a market capitalization of $8.68 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Nice has a 12 month low of $127.00 and a 12 month high of $200.65. The business's 50-day simple moving average is $158.02 and its two-hundred day simple moving average is $158.31.

Nice (NASDAQ:NICE - Get Free Report) last issued 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 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 firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm 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. As a group, sell-side analysts anticipate that Nice will post 9.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on NICE. Rosenblatt Securities restated a "buy" rating and issued a $190.00 target price on shares of Nice in a research 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 research report on Wednesday, June 18th. Piper Sandler restated a "neutral" rating and issued a $182.00 target price (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Morgan Stanley decreased their target price on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Finally, DA Davidson decreased their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Nice has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

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.