Capital Fund Management S.A. Trims Holdings in Nice $NICE

Key Points

• Capital Fund Management S.A. reduced its stake in Nice by 26.5%, leaving it with 37,934 shares valued at approximately $5.85 million.
• NICE's stock has seen a recent increase of 3.6% and trades around $142.50, while its market capitalization stands at $9.01 billion.
• The company reported strong quarterly earnings, with an earnings per share (EPS) of $3.01, exceeding estimates, and projected FY 2025 EPS guidance between $12.330 and $12.530.

Capital Fund Management S.A. decreased its holdings in Nice (NASDAQ:NICE - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,934 shares of the technology company's stock after selling 13,663 shares during the quarter. Capital Fund Management S.A. owned about 0.06% of Nice worth $5,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG raised its position 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 purchasing an additional 85,286 shares during the last quarter. Cerity Partners LLC raised its position in Nice by 56.0% in the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock valued at $1,540,000 after purchasing an additional 3,584 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Nice in the 1st quarter valued at $513,000. Townsquare Capital LLC raised its position in Nice by 1,518.4% in the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock valued at $4,017,000 after purchasing an additional 24,446 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in Nice by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock valued at $1,832,000 after purchasing an additional 1,746 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NICE shares. Piper Sandler reissued a "neutral" rating and issued a $182.00 price objective (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Morgan Stanley dropped their price objective on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Wall Street Zen raised shares of Nice from a "hold" rating to a "buy" rating in a research note on Friday. Wedbush reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Finally, 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. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Nice has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Stock Performance

NASDAQ NICE traded down $1.85 during trading hours on Monday, reaching $140.65. The company's stock had a trading volume of 513,206 shares, compared to its average volume of 876,898. The stock has a market cap of $8.90 billion, a PE ratio of 16.80, a PEG ratio of 1.23 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's 50-day moving average is $156.34 and its two-hundred day moving average is $157.53.

Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. The firm had revenue of $726.71 million for 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 was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.64 EPS. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. Equities 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.