First Manhattan CO. LLC. Increases Position in Nice $NICE

Key Points

• First Manhattan CO. LLC. increased its stake in Nice by 19.2%, holding 582,559 shares valued at approximately $89.8 million by the end of the most recent reporting period.
• Nice reported a quarterly earnings per share of $3.01, exceeding analyst expectations and showing a 9.4% year-over-year revenue growth.
• Wall Street analysts have given Nice an average rating of "Moderate Buy" with an average target price of $205.25.

First Manhattan CO. LLC. lifted its holdings in Nice (NASDAQ:NICE - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,559 shares of the technology company's stock after purchasing an additional 94,039 shares during the period. First Manhattan CO. LLC. owned about 0.92% of Nice worth $89,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of Nice in the 4th quarter valued at about $25,000. McIlrath & Eck LLC boosted its holdings in 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 buying an additional 58 shares during the last quarter. NBC Securities Inc. acquired a new stake in Nice in the 1st quarter worth about $34,000. Accredited Wealth Management LLC acquired a new stake in Nice in the 4th quarter worth about $38,000. Finally, Cheviot Value Management LLC acquired a new stake in Nice in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Piper Sandler reiterated a "neutral" rating and issued a $182.00 price objective (up from $153.00) on shares of Nice in a report on Friday, June 13th. Citigroup lowered their target price on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Morgan Stanley lowered their target price on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Eight equities research 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 company presently has an average rating of "Moderate Buy" and an average price target of $205.25.

Nice Price Performance

NICE traded up $1.74 during trading hours on Friday, reaching $140.41. The company's stock had a trading volume of 346,490 shares, compared to its average volume of 573,436. 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 $8.88 billion, a PE ratio of 16.78, a P/E/G ratio of 1.19 and a beta of 0.95. The business's 50-day moving average is $152.32 and its 200-day moving average is $155.83.

Nice (NASDAQ:NICE - Get Free Report) last released 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. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm had revenue of $726.71 million for the quarter, compared to analysts' expectations of $713.18 million. During the same period in the prior year, the firm posted $2.64 earnings per share. The firm's quarterly revenue 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. Analysts expect 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.