Nice $NICE Stock Position Lowered by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its stake in Nice by 27.7% during Q1, now holding 19,618 shares valued at approximately $3.03 million.
• Nice reported $3.01 EPS for the last quarter, exceeding estimates, with a revenue increase of 9.4% year-over-year, totaling $726.71 million.
• Brokerages have mixed ratings on Nice, with average target prices ranging around $205.25, reflecting a mix of "buy," "hold," and "neutral" ratings from analysts.

LPL Financial LLC decreased its position in Nice (NASDAQ:NICE - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,618 shares of the technology company's stock after selling 7,518 shares during the period. LPL Financial LLC's holdings in Nice were worth $3,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Nice in the 4th quarter worth about $25,000. McIlrath & Eck LLC grew its position in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. NBC Securities Inc. bought a new position in Nice in the 1st quarter worth about $34,000. Accredited Wealth Management LLC bought a new position in shares of Nice in the fourth quarter valued at approximately $38,000. Finally, IFP Advisors Inc boosted its holdings in shares of Nice by 76.2% in the first quarter. IFP Advisors Inc now owns 652 shares of the technology company's stock valued at $101,000 after acquiring an additional 282 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

Nice Trading Down 0.2%

NICE stock traded down $0.33 on Thursday, hitting $137.53. 569,423 shares of the company's stock traded hands, compared to its average volume of 850,029. Nice has a 1-year low of $127.00 and a 1-year high of $200.65. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.22 and a beta of 0.98. The stock has a fifty day moving average of $157.35 and a 200-day moving average of $158.14.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NICE shares. Morgan Stanley decreased their price objective on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Citigroup decreased their price objective on shares of Nice from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday, May 19th. Wedbush reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price objective on shares of Nice in a report on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.