Federation des caisses Desjardins du Quebec Raises Position in Nice $NICE

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Nice (NASDAQ:NICE) by 424.4%, owning a total of 12,759 shares valued at approximately $1.97 million as of the latest SEC filing.
• Nice reported a quarterly earnings per share of $3.01, exceeding the consensus estimate of $2.99, with revenue up 9.4% year-over-year.
• The stock currently has an average price target of $205.25 with a consensus rating of "Moderate Buy", reflecting strong interest from multiple analysts.

Federation des caisses Desjardins du Quebec raised its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 424.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,759 shares of the technology company's stock after purchasing an additional 10,326 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Nice were worth $1,967,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. McIlrath & Eck LLC increased its position in shares of Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of Nice by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after acquiring an additional 83 shares during the period. Aurora Investment Counsel increased its position in shares of Nice by 0.8% in the 1st quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company's stock valued at $1,859,000 after acquiring an additional 96 shares during the period. Baird Financial Group Inc. increased its position in shares of Nice by 1.7% in the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock valued at $1,029,000 after acquiring an additional 100 shares during the period. Finally, Tlwm increased its position in shares of Nice by 4.1% in the 1st quarter. Tlwm now owns 3,658 shares of the technology company's stock valued at $564,000 after acquiring an additional 144 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler reissued a "neutral" rating and issued a $182.00 target price (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Friday, August 15th. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 price target on shares of Nice in a research report on Tuesday, August 26th. Wedbush reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nice in a research report on Friday, June 20th. Finally, Wall Street Zen downgraded Nice from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $205.25.

Nice Stock Up 0.1%

Shares of NICE stock traded up $0.17 during mid-day trading on Friday, hitting $142.81. 373,578 shares of the stock were exchanged, compared to its average volume of 679,197. The firm has a fifty day moving average of $149.20 and a 200 day moving average of $154.98. Nice has a 52-week low of $127.00 and a 52-week high of $200.65. The company has a market cap of $9.03 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same period in the prior year, the company posted $2.64 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. Equities analysts predict that Nice will post 9.85 EPS for the current year.

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.