Lakewood Asset Management LLC Acquires New Stake in Nice $NICE

Key Points

• Lakewood Asset Management LLC has acquired a new stake in Nice, purchasing 2,211 shares valued at approximately $373,000 in the 2nd quarter.
• Analysts have issued mixed ratings on Nice, with a consensus price target of $205.25, while individual ratings range from "buy" to "neutral."
• Nice reported a 9.4% year-over-year revenue increase, with Q2 earnings per share exceeding estimates at $3.01.

Lakewood Asset Management LLC purchased a new position in shares of Nice (NASDAQ:NICE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,211 shares of the technology company's stock, valued at approximately $373,000.

Other hedge funds have also made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of 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 during the period. Cerity Partners LLC lifted its position in Nice by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock worth $1,540,000 after acquiring an additional 3,584 shares during the period. Brown Advisory Inc. acquired a new stake in Nice during the 1st quarter worth approximately $513,000. Townsquare Capital LLC lifted its position in Nice by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock worth $4,017,000 after acquiring an additional 24,446 shares during the period. Finally, ARK Investment Management LLC lifted its position in Nice by 17.2% during the 1st 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 period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NICE. Rosenblatt Securities reissued a "buy" rating and set a $190.00 target price on shares of Nice in a research note on Friday, August 15th. DA Davidson dropped their price objective on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Wall Street Zen raised Nice from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $205.25.

Nice Trading Down 0.9%

Shares of NASDAQ NICE opened at $145.78 on Friday. The stock has a 50 day simple moving average of $147.02 and a 200-day simple moving average of $155.35. The company has a market cap of $9.22 billion, a PE ratio of 17.42, a P/E/G ratio of 1.26 and a beta of 0.95. Nice has a 12-month low of $127.00 and a 12-month high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share (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%.The business's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.64 earnings per share. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. Sell-side 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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