Eagle Global Advisors LLC Has $2.92 Million Holdings in Nice $NICE

Key Points

• Eagle Global Advisors LLC reduced its stake in Nice by 10.4%, holding 17,270 shares valued at approximately $2.92 million at the end of the second quarter.
• Nice reported $3.01 earnings per share for the last quarter, slightly beating consensus estimates, with revenue increasing by 9.4% year-over-year to $726.71 million.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $205.25.

Eagle Global Advisors LLC cut its stake in shares of Nice (NASDAQ:NICE - Free Report) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,270 shares of the technology company's stock after selling 2,000 shares during the period. Eagle Global Advisors LLC's holdings in Nice were worth $2,917,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in shares of Nice in the fourth quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in shares of Nice in the first quarter valued at approximately $34,000. Cheviot Value Management LLC acquired a new position in Nice during the first quarter valued at approximately $36,000. Capital Analysts LLC acquired a new position in Nice during the first quarter valued at approximately $69,000. Finally, Anderson Financial Strategies LLC acquired a new position in Nice during the first quarter valued at approximately $72,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Trading Down 0.9%

Shares of NASDAQ NICE opened at $145.78 on Friday. The firm's 50-day moving average price is $147.02 and its 200-day moving average price is $155.25. Nice has a 1-year low of $127.00 and a 1-year high of $200.65. The firm has a market capitalization of $9.22 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.27 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.02. Nice had a net margin of 18.92% and a return on equity of 17.43%. The firm had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same quarter in the prior year, the business earned $2.64 earnings per share. The business's quarterly 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. Equities research analysts forecast that Nice will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on NICE shares. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Morgan Stanley lowered their price objective on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. DA Davidson lowered their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Nice from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Eight investment 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 currently has an average rating of "Moderate Buy" and an average target price of $205.25.

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.

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