Clark Capital Management Group Inc. Sells 200,408 Shares of Nice $NICE

Key Points

• Clark Capital Management Group Inc. has reduced its stake in Nice shares by 51.8% in Q1, now holding approximately 0.29% of the company valued at $28.73 million.
• Analysts have mixed opinions on Nice, with target prices ranging from $150 to $200, while eight analysts rated the stock as a Buy and five as a Hold.
• Nice reported a 9.4% year-over-year increase in revenue, with earnings per share of $3.01 for Q2, slightly beating projections.

Clark Capital Management Group Inc. reduced its position in Nice (NASDAQ:NICE - Free Report) by 51.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 186,359 shares of the technology company's stock after selling 200,408 shares during the period. Clark Capital Management Group Inc. owned 0.29% of Nice worth $28,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC raised its stake in shares of Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Nice by 3.3% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after buying an additional 83 shares during the last quarter. Aurora Investment Counsel grew its holdings in Nice by 0.8% during the 1st quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company's stock valued at $1,859,000 after buying an additional 96 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Nice by 1.7% during the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock valued at $1,029,000 after buying an additional 100 shares during the last quarter. Finally, Tlwm grew its holdings in Nice by 4.1% during the 1st quarter. Tlwm now owns 3,658 shares of the technology company's stock valued at $564,000 after buying an additional 144 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Nice Trading Down 0.1%

Shares of NICE traded down $0.14 during mid-day trading on Wednesday, hitting $143.21. 149,579 shares of the company traded hands, compared to its average volume of 569,106. The business has a 50-day moving average of $150.82 and a 200 day moving average of $155.26. Nice has a one year low of $127.00 and a one year high of $200.65. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.24 and a beta of 0.95.

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 for the quarter, beating the consensus estimate of $2.99 by $0.02. The business 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%. Nice's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior 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 anticipate that Nice will post 9.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Citigroup decreased their price target on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Wall Street Zen downgraded Nice from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Piper Sandler restated a "neutral" rating and issued a $182.00 target price (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research note on Wednesday, June 18th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.