Broyhill Asset Management LLC Buys 10,818 Shares of Nice $NICE

Key Points

• Broyhill Asset Management LLC has significantly increased its stake in Nice, raising its holdings by 41.8% in the first quarter, making it the firm's fourth largest position.
• Nice's latest financial results for the quarter showed an earnings per share (EPS) of $3.01, exceeding expectations and reflecting a 9.4% year-over-year revenue growth.
• Wall Street analysts remain optimistic about Nice, with eight out of thirteen analysts rating it as a "Buy" and an average price target of $205.25.

Broyhill Asset Management LLC increased its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 41.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,723 shares of the technology company's stock after buying an additional 10,818 shares during the period. Nice comprises approximately 4.6% of Broyhill Asset Management LLC's investment portfolio, making the stock its 4th largest holding. Broyhill Asset Management LLC owned approximately 0.06% of Nice worth $5,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Nice in the 4th quarter valued at $313,808,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Nice by 12.3% in the 1st 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 in the last quarter. Vulcan Value Partners LLC lifted its holdings in Nice by 9.6% in the 1st quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company's stock valued at $161,340,000 after purchasing an additional 91,929 shares in the last quarter. RGM Capital LLC lifted its holdings in Nice by 8.6% in the 1st quarter. RGM Capital LLC now owns 826,660 shares of the technology company's stock valued at $127,446,000 after purchasing an additional 65,538 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Nice by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock worth $106,628,000 after acquiring an additional 85,286 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NICE. DA Davidson reduced their price target on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Rosenblatt Securities restated a "buy" rating and issued a $190.00 price objective on shares of Nice in a report on Friday, August 15th. Citigroup reduced their price objective on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Wall Street Zen raised Nice from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Eight investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Stock Down 4.6%

Shares of NICE traded down $6.48 during trading hours on Tuesday, reaching $134.87. 887,817 shares of the company traded hands, compared to its average volume of 566,809. The stock has a market capitalization of $8.53 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.22 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 $154.00 and a 200 day simple moving average of $156.35.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The business had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same quarter last year, the company earned $2.64 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. Research analysts predict that Nice will post 9.85 EPS for the current fiscal year.

Nice Company 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.