J. Safra Sarasin Holding AG Sells 6,097 Shares of Nice $NICE

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in Nice by 5.7%, selling 6,097 shares and owning approximately 100,382 shares valued at $16.96 million as of its latest SEC filing.
• Several institutional investors have also increased their stakes in Nice, with notable increases from UBS AM (218.6%) and AllianceBernstein (1,125.3%).
• Analysts have a generally positive outlook on Nice, with eight rating the stock as a buy and setting an average target price of $205.25.

J. Safra Sarasin Holding AG trimmed its stake in shares of Nice (NASDAQ:NICE - Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,382 shares of the technology company's stock after selling 6,097 shares during the quarter. J. Safra Sarasin Holding AG owned approximately 0.16% of Nice worth $16,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Nice by 12.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock valued at $272,306,000 after purchasing an additional 193,000 shares during the period. Vulcan Value Partners LLC raised its stake in shares of Nice by 9.6% during the first quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company's stock valued at $161,340,000 after acquiring an additional 91,929 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Nice by 218.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock worth $139,989,000 after purchasing an additional 623,014 shares during the period. RGM Capital LLC grew its stake in shares of Nice by 8.6% in the first quarter. RGM Capital LLC now owns 826,660 shares of the technology company's stock worth $127,446,000 after purchasing an additional 65,538 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Nice by 1,125.3% during the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock valued at $118,516,000 after purchasing an additional 705,997 shares during the period. Institutional investors own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

NICE has been the topic of several research analyst reports. Wall Street Zen raised Nice from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price objective on shares of Nice in a research report on Friday, August 15th. Cantor Fitzgerald restated a "neutral" rating and issued a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Finally, Piper Sandler reiterated a "neutral" rating and set a $182.00 price target (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Nice presently has an average rating of "Moderate Buy" and an average target price of $205.25.

Nice Trading Down 0.7%

NASDAQ NICE opened at $138.21 on Friday. Nice has a 12 month low of $127.00 and a 12 month high of $200.65. The stock's fifty day moving average price is $145.61 and its 200-day moving average price is $155.18. The stock has a market cap of $8.74 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.20 and a beta of 0.96.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million for the quarter, compared to analysts' expectations of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. Nice's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, analysts forecast that Nice will post 9.85 earnings per share for the current fiscal year.

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.

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