Invesco Ltd. Decreases Stock Position in Nice $NICE

Key Points

• Invesco Ltd. reduced its stake in Nice by 20.5%, selling 264,965 shares and now owns about 1.62% of the company, valued at $157.93 million.
• Several institutional investors increased their positions in Nice; for instance, Townsquare Capital LLC boosted its stake by 1,518.4%, now holding 26,056 shares valued at $4.02 million.
• Nice reported earnings of $3.01 per share for the last quarter, exceeding analyst expectations of $2.99, with a revenue increase of 9.4% year-over-year.

Invesco Ltd. lessened its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 20.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,024,422 shares of the technology company's stock after selling 264,965 shares during the period. Invesco Ltd. owned 1.62% of Nice worth $157,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG raised its position in shares of Nice by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock worth $106,628,000 after acquiring an additional 85,286 shares in the last quarter. Cerity Partners LLC increased its position in Nice by 56.0% during the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock worth $1,540,000 after buying an additional 3,584 shares during the period. Brown Advisory Inc. purchased a new stake in Nice in the first quarter valued at approximately $513,000. Townsquare Capital LLC boosted its holdings in shares of Nice by 1,518.4% in the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock valued at $4,017,000 after acquiring an additional 24,446 shares during the period. Finally, ARK Investment Management LLC grew its position in shares of Nice by 17.2% during the first quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock worth $1,832,000 after acquiring an additional 1,746 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Price Performance

Shares of NASDAQ NICE traded down $0.1750 during trading on Tuesday, hitting $136.7050. 233,537 shares of the company were exchanged, compared to its average volume of 559,352. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.17 and a beta of 0.98. Nice has a 1 year low of $127.00 and a 1 year high of $200.65. The firm's fifty day moving average price is $159.62 and its 200 day moving average price is $158.60.

Nice (NASDAQ:NICE - Get Free Report) last issued 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 company had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.64%. The business's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm 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, research analysts forecast that Nice will post 9.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 target price on shares of Nice in a report on Friday. Wall Street Zen cut shares of Nice from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Friday, June 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $182.00 target price (up from $153.00) on shares of Nice in a report on Friday, June 13th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Nice has a consensus rating of "Moderate Buy" and a consensus price target 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.