Nice $NICE Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has reduced its stake in Nice (NICE) by 33.5%, holding 24,618 shares worth approximately $3.8 million after selling 12,386 shares in the first quarter.
• Several large investors, such as Townsquare Capital LLC and Mitsubishi UFJ Asset Management Co. Ltd., increased their stakes in Nice, highlighting changing interest among institutional investors.
• Nice reported $3.01 EPS for the latest quarter, outperforming expectations, and has set FY 2025 guidance at 12.330-12.530 EPS.

HighTower Advisors LLC lowered its position in Nice (NASDAQ:NICE - Free Report) by 33.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,618 shares of the technology company's stock after selling 12,386 shares during the quarter. HighTower Advisors LLC's holdings in Nice were worth $3,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Nice in the 4th quarter valued at about $313,808,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Nice by 12.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock valued at $272,306,000 after acquiring an additional 193,000 shares during the period. HMI Capital Management L.P. lifted its holdings in shares of Nice by 12.8% during the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock valued at $279,008,000 after acquiring an additional 186,600 shares in the last quarter. Vulcan Value Partners LLC boosted its position in Nice by 9.6% during the 1st quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company's stock worth $161,340,000 after purchasing an additional 91,929 shares during the period. Finally, Deutsche Bank AG increased its holdings in Nice by 14.1% in the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock valued at $106,628,000 after purchasing an additional 85,286 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Trading Up 3.6%

NASDAQ NICE traded up $4.97 during trading hours on Friday, reaching $142.50. 905,620 shares of the company traded hands, compared to its average volume of 853,358. The stock has a market capitalization of $9.01 billion, a PE ratio of 17.03, a PEG ratio of 1.25 and a beta of 0.98. Nice has a 12 month low of $127.00 and a 12 month high of $200.65. The company has a 50 day moving average of $156.88 and a two-hundred day moving average of $157.84.

Nice (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share 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 company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. During the same quarter in the previous year, the firm earned $2.64 EPS. The company's 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. On average, equities research analysts anticipate that Nice will post 9.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NICE shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 target price on shares of Nice in a research note on Wednesday, June 18th. DA Davidson dropped their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Wall Street Zen raised shares of Nice from a "hold" rating to a "buy" rating in a research report on Friday. Wedbush restated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Finally, Morgan Stanley dropped their price target on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Nice currently has a consensus rating of "Moderate Buy" and an average target price of $205.25.

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.