Nice $NICE is RGM Capital LLC's 9th Largest Position

Key Points

• RGM Capital LLC increased its holdings in Nice (NASDAQ:NICE) by 8.6%, now owning 826,660 shares valued at approximately $127.4 million.
• Several institutional investors, including Mariner LLC and First Trust Advisors LP, also increased their stakes in Nice during the fourth quarter, with overall institutional ownership at 63.34%.
• Analysts have mixed views on Nice's stock; while Citigroup and Morgan Stanley reduced their price targets, the consensus rating remains a Moderate Buy with a target price of $205.25.

RGM Capital LLC raised its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 826,660 shares of the technology company's stock after purchasing an additional 65,538 shares during the period. Nice comprises about 5.3% of RGM Capital LLC's portfolio, making the stock its 9th largest holding. RGM Capital LLC owned approximately 1.31% of Nice worth $127,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NICE. Park Square Financial Group LLC acquired a new position in shares of Nice in the 4th quarter valued at about $25,000. McIlrath & Eck LLC raised its stake in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after acquiring an additional 58 shares during the period. NBC Securities Inc. bought a new position in Nice in the first quarter worth about $34,000. Cheviot Value Management LLC bought a new position in Nice in the first quarter worth about $36,000. Finally, Accredited Wealth Management LLC acquired a new position in Nice in the fourth quarter valued at approximately $38,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson dropped their price target on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Morgan Stanley lowered their price objective on Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Friday, August 15th. Wedbush reiterated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Finally, Wall Street Zen raised shares of Nice from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Nice has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Stock Performance

NASDAQ NICE traded up $2.37 on Thursday, reaching $142.70. The company's stock had a trading volume of 612,778 shares, compared to its average volume of 840,531. Nice has a twelve month low of $127.00 and a twelve month high of $200.65. The firm's 50 day moving average is $154.85 and its two-hundred day moving average is $157.07. The stock has a market cap of $9.03 billion, a PE ratio of 17.05, a PEG ratio of 1.21 and a beta of 0.98.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data 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. 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 quarter in the previous year, the company posted $2.64 EPS. The business's 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 research analysts anticipate 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.