Earnest Partners LLC Grows Stock Holdings in Nice $NICE

Key Points

• Earnest Partners LLC increased its stake in Nice by 10.5% in the first quarter, owning a total of 145,964 shares worth approximately $22.5 million.
• Several analysts have recently changed their ratings on Nice, with DA Davidson reducing its price objective to $150, while JMP Securities set a higher target of $300 and Wall Street Zen upgraded the rating from "hold" to "buy."
• Nice reported $3.01 earnings per share for the last quarter, beating estimates and achieving a revenue of $726.71 million, marking a 9.4% increase year-over-year.

Earnest Partners LLC increased its position in Nice (NASDAQ:NICE - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,964 shares of the technology company's stock after buying an additional 13,857 shares during the quarter. Earnest Partners LLC owned about 0.23% of Nice worth $22,503,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NICE. RGM Capital LLC grew its holdings in shares of Nice by 8.6% during the 1st quarter. RGM Capital LLC now owns 826,660 shares of the technology company's stock valued at $127,446,000 after acquiring an additional 65,538 shares in the last quarter. Freedom Investment Management Inc. bought a new position in Nice in the 1st quarter valued at $572,000. Martin Investment Management LLC acquired a new position in shares of Nice during the first quarter valued at $17,221,000. Capital Analysts LLC acquired a new position in shares of Nice in the 1st quarter valued at $69,000. Finally, Wellington Management Group LLP acquired a new position in shares of Nice in the 1st quarter valued at $2,363,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Trading Down 0.9%

Shares of NASDAQ:NICE traded down $1.35 during mid-day trading on Monday, reaching $141.35. The stock had a trading volume of 607,554 shares, compared to its average volume of 799,489. The company has a market cap of $8.94 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. Nice has a 1 year low of $127.00 and a 1 year high of $200.65. The business's 50 day moving average price is $154.42 and its 200 day moving average price is $156.60.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on NICE. Citigroup lowered their target price 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 note on Friday, August 22nd. DA Davidson decreased 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. Wedbush reissued an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Friday, June 20th. Finally, JMP Securities reissued a "market outperform" rating and set a $300.00 price objective on shares of Nice in a report on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Nice has an average rating of "Moderate Buy" and an average price target of $205.25.

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.