MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Makes New $9.47 Million Investment in Nice $NICE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has taken a new position in Nice by purchasing 61,433 shares valued at approximately $9.47 million, thereby owning about 0.10% of the company.
• Various other hedge funds have also increased their stakes in Nice, with Barrow Hanley Mewhinney & Strauss LLC's new stake valued at $313.8 million being notably significant.
• Nice recently reported quarterly earnings of $3.01 EPS, surpassing analysts' expectations, and set an overall FY 2025 guidance for EPS between 12.330 and 12.530.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Nice (NASDAQ:NICE - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,433 shares of the technology company's stock, valued at approximately $9,472,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.10% of Nice as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NICE. Northern Trust Corp grew its stake in Nice by 126.3% in the fourth quarter. Northern Trust Corp now owns 22,345 shares of the technology company's stock worth $3,795,000 after purchasing an additional 12,469 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Nice by 15.1% in the fourth quarter. Ameriprise Financial Inc. now owns 15,018 shares of the technology company's stock worth $2,551,000 after acquiring an additional 1,974 shares during the last quarter. Baird Financial Group Inc. lifted 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 acquiring an additional 100 shares during the last quarter. Focus Partners Wealth bought a new position in Nice in the fourth quarter worth about $208,000. Finally, Janus Henderson Group PLC lifted its holdings in Nice by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after acquiring an additional 5,609 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Price Performance

Shares of NASDAQ NICE traded up $0.17 during mid-day trading on Friday, reaching $142.81. 373,578 shares of the company traded hands, compared to its average volume of 679,197. The firm has a market cap of $9.03 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65. The stock has a fifty day simple moving average of $149.20 and a 200-day simple moving average of $155.05.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results 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 firm 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 17.43%. The firm's quarterly 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 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. As a group, analysts predict that Nice will post 9.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NICE shares. Morgan Stanley cut their target price on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Wall Street Zen raised Nice from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nice in a report on Wednesday, June 18th. Finally, Citigroup cut their price target on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $205.25.

About Nice

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.