Balefire LLC Sells 7,944 Shares of Nice $NICE

Key Points

• Balefire LLC reduced its holdings in Nice (NASDAQ:NICE) by 33.1%, selling 7,944 shares during the 2nd quarter, leaving them with 16,065 shares valued at approximately $2.7 million.
• Several institutional investors are actively adjusting their positions in Nice, with 63.34% of the company's stock now owned by institutional investors and hedge funds.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Nice, with a target price averaging $205.25, highlighting an optimistic outlook despite varying price targets from different firms.

Balefire LLC reduced its position in shares of Nice (NASDAQ:NICE - Free Report) by 33.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,065 shares of the technology company's stock after selling 7,944 shares during the quarter. Balefire LLC's holdings in Nice were worth $2,714,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in Nice in the 4th quarter worth approximately $25,000. McIlrath & Eck LLC raised its holdings in shares of Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Nice during the 1st quarter worth approximately $34,000. Cheviot Value Management LLC purchased a new stake in shares of Nice during the 1st quarter worth approximately $36,000. Finally, Capital Analysts LLC purchased a new stake in shares of Nice during the 1st quarter worth approximately $69,000. 63.34% of the stock is currently owned by institutional investors.

Nice Trading Up 1.7%

Shares of NICE traded up $2.50 during midday trading on Thursday, reaching $151.33. 525,309 shares of the stock were exchanged, compared to its average volume of 592,304. Nice has a 52 week low of $127.00 and a 52 week high of $200.65. The company's 50 day moving average is $147.46 and its two-hundred day moving average is $155.13. The company has a market capitalization of $9.57 billion, a P/E ratio of 18.08, a PEG ratio of 1.29 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $713.18 million. During the same quarter in the prior year, the company earned $2.64 EPS. The business's 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, sell-side analysts expect that Nice will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NICE. Wedbush restated an "outperform" rating and set a $200.00 price target on shares of Nice in a report on Friday, June 20th. Piper Sandler restated a "neutral" rating and set a $182.00 price target (up previously from $153.00) on shares of Nice in a report on Friday, June 13th. Royal Bank Of Canada restated an "outperform" rating and set a $200.00 price target on shares of Nice in a report on Wednesday, June 18th. Wall Street Zen upgraded Nice from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of Nice in a report on Tuesday, August 26th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Nice presently has an average rating of "Moderate Buy" and an average price target 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.