Nice $NICE Shares Sold by Hamilton Point Investment Advisors LLC

Key Points

• Hamilton Point Investment Advisors LLC reduced its position in Nice by 3.7%, now holding 57,215 shares valued at approximately $9.7 million.
• Nice recently reported a $3.01 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $2.99, and has projected an FY 2025 EPS guidance of 12.330-12.530.
• As of now, 63.34% of Nice's stock is owned by institutional investors, highlighting significant interest from hedge funds.

Hamilton Point Investment Advisors LLC trimmed its holdings in Nice (NASDAQ:NICE - Free Report) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,215 shares of the technology company's stock after selling 2,170 shares during the period. Nice accounts for approximately 1.6% of Hamilton Point Investment Advisors LLC's holdings, making the stock its 16th largest holding. Hamilton Point Investment Advisors LLC owned approximately 0.09% of Nice worth $9,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NICE. Alliancebernstein L.P. boosted its stake in Nice by 1,125.3% in the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock worth $118,516,000 after buying an additional 705,997 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Nice in the 1st quarter valued at about $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Nice by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock valued at $139,989,000 after purchasing an additional 623,014 shares in the last quarter. Wealthquest Corp acquired a new position in shares of Nice in the 1st quarter valued at about $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of 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. 63.34% of the stock is owned by institutional investors and hedge funds.

Nice Trading Down 1.4%

Shares of NICE opened at $132.00 on Tuesday. Nice has a 52 week low of $127.00 and a 52 week high of $200.65. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.16 and a beta of 0.96. The stock has a 50 day moving average of $142.23 and a 200-day moving average of $154.21.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to analyst estimates of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.64 EPS. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. On average, sell-side analysts predict that Nice will post 9.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

NICE has been the topic of several research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Jefferies Financial Group reissued a "hold" rating and set a $152.00 price target on shares of Nice in a research report on Sunday. Weiss Ratings reissued a "hold (c-)" rating on shares of Nice in a research report on Wednesday, October 8th. Finally, Morgan Stanley reduced their price target on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Nice presently has an average rating of "Moderate Buy" and a consensus target price of $201.25.

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.

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