Azimuth Capital Investment Management LLC decreased its position in Nice (NASDAQ:NICE - Free Report) by 41.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Nice in the 4th quarter worth approximately $25,000. McIlrath & Eck LLC increased its stake in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after purchasing an additional 58 shares during the period. NBC Securities Inc. purchased a new position in Nice in the 1st quarter worth approximately $34,000. Accredited Wealth Management LLC purchased a new position in Nice in the 4th quarter worth approximately $38,000. Finally, Cheviot Value Management LLC purchased a new position in Nice in the 1st quarter worth approximately $36,000. Institutional investors own 63.34% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on NICE shares. JMP Securities reissued a "market outperform" rating and set a $300.00 target price on shares of Nice in a research note on Tuesday, July 29th. Morgan Stanley reduced their target price on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Piper Sandler reissued a "neutral" rating and set a $182.00 target price (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Citigroup reduced their target price on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Wedbush reissued an "outperform" rating and set a $200.00 target price on shares of Nice in a research note on Friday, June 20th. 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $205.25.
View Our Latest Research Report on Nice
Nice Price Performance
NICE stock traded down $0.7190 during midday trading on Wednesday, hitting $137.2510. The stock had a trading volume of 384,579 shares, compared to its average volume of 561,498. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.21 and a beta of 0.98. The business has a 50-day moving average of $158.83 and a two-hundred day moving average of $158.45. Nice has a 52-week low of $127.00 and a 52-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 (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.02. The firm had revenue of $726.71 million during the quarter, compared to analyst estimates 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 business 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. Research analysts predict that Nice will post 9.85 earnings per share for the current year.
Nice Profile
(
Free Report)
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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