3,711 Shares in Nice $NICE Acquired by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. invested $572,000 in Nice, acquiring 3,711 shares in the first quarter, indicating growing institutional interest in the company.
• Analysts have set price targets for Nice, with Royal Bank of Canada and Wedbush both forecasting a price objective of $200.00.
• Nice reported quarterly earnings of $3.01 EPS, exceeding estimates, with a revenue of $726.71 million, showcasing a 9.4% year-over-year growth.

Freedom Investment Management Inc. purchased a new position in Nice (NASDAQ:NICE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,711 shares of the technology company's stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Martin Investment Management LLC acquired a new stake in shares of Nice in the first quarter worth about $17,221,000. Capital Analysts LLC acquired a new stake in shares of Nice in the first quarter worth about $69,000. Wellington Management Group LLP acquired a new stake in shares of Nice in the first quarter worth about $2,363,000. Brooklyn Investment Group lifted its position in shares of Nice by 81,600.0% in the first quarter. Brooklyn Investment Group now owns 817 shares of the technology company's stock worth $126,000 after buying an additional 816 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Nice by 152.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 47,470 shares of the technology company's stock worth $7,318,000 after buying an additional 28,680 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Trading Down 0.9%

NICE traded down $1.35 on Friday, hitting $141.35. 607,554 shares of the stock traded hands, compared to its average volume of 806,409. Nice has a 52 week low of $127.00 and a 52 week high of $200.65. The firm has a market capitalization of $8.94 billion, a PE ratio of 16.89, a P/E/G ratio of 1.23 and a beta of 0.98. The business has a fifty day moving average price of $154.42 and a two-hundred day moving average price of $156.85.

Nice (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.99 by $0.02. The business had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.Nice's revenue was up 9.4% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts forecast that Nice will post 9.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NICE. Morgan Stanley reduced their price target on Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Wedbush reissued an "outperform" rating and set a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Wall Street Zen raised Nice from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, DA Davidson cut their price objective on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.