Aberdeen Group plc Sells 17,104 Shares of Nice $NICE

Key Points

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Aberdeen Group plc trimmed its position in shares of Nice (NASDAQ:NICE - Free Report) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,419 shares of the technology company's stock after selling 17,104 shares during the period. Aberdeen Group plc owned approximately 0.26% of Nice worth $25,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Nice during the 4th quarter worth $313,808,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Nice during the first quarter valued at approximately $98,485,000. Deutsche Bank AG raised its holdings in Nice by 95.7% during the fourth quarter. Deutsche Bank AG now owns 606,341 shares of the technology company's stock valued at $102,981,000 after buying an additional 296,514 shares in the last quarter. Wealthquest Corp acquired a new stake in shares of Nice in the first quarter worth $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Nice by 12.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock valued at $272,306,000 after acquiring an additional 193,000 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on NICE. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price objective on shares of Nice in a research report on Friday, August 15th. JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of Nice in a research note on Tuesday, July 29th. DA Davidson cut their target price on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Nice in a research note on Wednesday, June 18th. Finally, Morgan Stanley reduced 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. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Price Performance

Shares of NASDAQ NICE traded up $4.3040 during midday trading on Friday, hitting $141.8340. The stock had a trading volume of 516,911 shares, compared to its average volume of 562,600. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65. The company's 50-day simple moving average is $157.35 and its 200 day simple moving average is $158.14. The firm has a market cap of $8.97 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

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 for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. Nice had a net margin of 18.92% and a return on equity of 17.43%. The company had revenue of $726.71 million for the quarter, compared to analysts' expectations of $713.18 million. During the same period last year, the firm posted $2.64 earnings per share. The business's quarterly revenue 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. Equities analysts expect that Nice will post 9.85 EPS 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.