Boston Partners Sells 1,288,661 Shares of Nice $NICE

Key Points

• Boston Partners significantly reduced its stake in Nice, lowering its holdings by 77.2% to 381,666 shares, after selling over 1.28 million shares in the first quarter, valuing their remaining investment at approximately $58.82 million.
• Several analysts have issued ratings on Nice, with the stock currently holding an average rating of "Moderate Buy" and a consensus target price of $206.00.
• In its recent quarterly earnings report, Nice surpassed analysts' expectations, posting an EPS of $3.01 and revenue of $726.71 million, a 9.4% increase year-over-year.

Boston Partners trimmed its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 77.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,666 shares of the technology company's stock after selling 1,288,661 shares during the period. Boston Partners owned about 0.60% of Nice worth $58,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tlwm increased its position in Nice by 4.1% during the 1st quarter. Tlwm now owns 3,658 shares of the technology company's stock worth $564,000 after purchasing an additional 144 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Nice by 1,518.4% during the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock valued at $4,017,000 after buying an additional 24,446 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Nice by 63.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,073 shares of the technology company's stock worth $936,000 after acquiring an additional 2,365 shares during the last quarter. Deutsche Bank AG raised its holdings in Nice by 14.1% in the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock valued at $106,628,000 after acquiring an additional 85,286 shares during the last quarter. Finally, Roberts Glore & Co. Inc. IL lifted its stake in shares of Nice by 60.0% during the 1st quarter. Roberts Glore & Co. Inc. IL now owns 3,769 shares of the technology company's stock worth $581,000 after purchasing an additional 1,413 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NICE. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Wednesday, June 18th. Citigroup dropped their price objective on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. DA Davidson lowered their price target 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. Morgan Stanley cut their price objective on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Piper Sandler reiterated a "neutral" rating and issued a $182.00 price target (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $205.25.

Nice Trading Up 0.5%

NICE traded up $0.66 during trading hours on Tuesday, hitting $137.54. The company's stock had a trading volume of 467,299 shares, compared to its average volume of 560,901. The firm has a market capitalization of $8.70 billion, a PE ratio of 16.40, a PEG ratio of 1.17 and a beta of 0.98. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65. The company has a 50-day simple moving average of $159.62 and a 200 day simple moving average of $158.60.

Nice (NASDAQ:NICE - Get Free Report) last released 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. Nice had a return on equity of 17.64% and a net margin of 18.92%.The firm had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. During the same period in the prior year, the firm posted $2.64 earnings per share. The firm's revenue for the quarter 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. Research analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

Nice 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.