111,704 Shares in Nice $NICE Acquired by Martin Investment Management LLC

Key Points

• Martin Investment Management LLC has acquired a new stake in Nice, investing approximately $17.22 million for 111,704 shares, which represents about 4.3% of their total holdings.
• Several analysts have set new price targets for Nice, with an average target price of $205.25 and eight analysts giving it a "buy" rating.
• In its latest earnings report, Nice posted $3.01 EPS, beating estimates by $0.02, and reported a 9.4% increase in quarterly revenue year-over-year.

Martin Investment Management LLC purchased a new position in Nice (NASDAQ:NICE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 111,704 shares of the technology company's stock, valued at approximately $17,221,000. Nice makes up 4.3% of Martin Investment Management LLC's portfolio, making the stock its 10th biggest holding. Martin Investment Management LLC owned about 0.18% of Nice as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of NICE. McIlrath & Eck LLC grew its holdings in Nice by 56.9% in the fourth 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 period. Legacy Wealth Asset Management LLC grew its holdings in Nice by 3.3% in the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock worth $405,000 after purchasing an additional 83 shares during the period. Aurora Investment Counsel grew its holdings in Nice by 0.8% in the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company's stock worth $1,859,000 after purchasing an additional 96 shares during the period. Baird Financial Group Inc. grew its holdings in Nice by 1.7% in the fourth quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock worth $1,029,000 after purchasing an additional 100 shares during the period. Finally, Townsquare Capital LLC grew its holdings in Nice by 7.1% in the fourth quarter. Townsquare Capital LLC now owns 1,610 shares of the technology company's stock worth $273,000 after purchasing an additional 107 shares during the period. Institutional investors own 63.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wedbush restated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Friday, June 20th. JMP Securities restated a "market outperform" rating and set a $300.00 price objective on shares of Nice in a research note on Tuesday, July 29th. DA Davidson reduced their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Finally, Wall Street Zen upgraded shares of Nice from a "hold" rating to a "buy" rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Stock Up 3.6%

Shares of NASDAQ NICE traded up $4.97 during trading on Friday, reaching $142.50. 905,620 shares of the company traded hands, compared to its average volume of 853,358. The firm has a 50 day simple moving average of $156.88 and a 200-day simple moving average of $157.84. The stock has a market capitalization of $9.01 billion, a PE ratio of 17.03, a P/E/G ratio of 1.25 and a beta of 0.98. Nice has a 52-week low of $127.00 and a 52-week high of $200.65.

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, beating analysts' consensus estimates of $2.99 by $0.02. The firm had revenue of $726.71 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm 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, research analysts predict that Nice will post 9.85 EPS for the current 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.