Credit Agricole S A Has $669,000 Stake in Nice $NICE

Key Points

• Credit Agricole S A significantly reduced its holdings in Nice by selling 101,926 shares, representing a 95.9% cut in its stake, leaving it with only 4,340 shares worth approximately $669,000.
• Nice reported a net margin of 18.92% and earnings of $3.01 per share for the last quarter, exceeding analysts' expectations of $2.99, alongside a revenue increase of 9.4% year-over-year.
• Institutional investors currently hold 63.34% of Nice's stock, with several firms increasing their positions during the first quarter, including Northwest & Ethical Investments L.P., which raised its stake by 152.6%.

Credit Agricole S A lowered its holdings in Nice (NASDAQ:NICE - Free Report) by 95.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,340 shares of the technology company's stock after selling 101,926 shares during the period. Credit Agricole S A's holdings in Nice were worth $669,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Park Square Financial Group LLC bought a new stake in shares of Nice in the 4th quarter worth approximately $25,000. McIlrath & Eck LLC lifted its holdings in shares of 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 last quarter. NBC Securities Inc. bought a new stake in Nice in the first quarter valued at $34,000. Cheviot Value Management LLC bought a new stake in Nice in the first quarter valued at $36,000. Finally, Accredited Wealth Management LLC bought a new stake in Nice in the fourth quarter valued at $38,000. Institutional investors own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NICE shares. Wedbush reiterated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research note on Friday, June 20th. DA Davidson cut their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a research 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 research report on Friday, August 15th. Piper Sandler reiterated a "neutral" rating and set a $182.00 price objective (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, Citigroup cut 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 equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $205.25.

Nice Price Performance

NASDAQ:NICE traded up $2.37 during mid-day trading on Thursday, reaching $142.70. The stock had a trading volume of 612,778 shares, compared to its average volume of 840,531. The business's 50 day moving average is $154.85 and its 200 day moving average is $157.07. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65. The stock has a market cap of $9.03 billion, a P/E ratio of 17.05, a PEG ratio of 1.21 and a beta of 0.98.

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 business had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 EPS for the current year.

About Nice

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.