Nice $NICE Position Lessened by HMI Capital Management L.P.

Key Points

• HMI Capital Management L.P. has decreased its position in Nice shares by 3.8%, selling 61,700 shares and now owning about 1,581,070 shares, which represents 13.3% of its portfolio.
• Nice's shares recently opened at $137.29 with an average target price set at $205.25 by analysts, reflecting a consensus rating of "Moderate Buy."
• The company reported earnings of $3.01 per share for the last quarter, exceeding expectations, and noted a 9.4% revenue increase compared to the previous year.

HMI Capital Management L.P. trimmed its position in shares of Nice (NASDAQ:NICE - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,581,070 shares of the technology company's stock after selling 61,700 shares during the quarter. Nice accounts for approximately 13.3% of HMI Capital Management L.P.'s portfolio, making the stock its 2nd largest holding. HMI Capital Management L.P. owned about 2.50% of Nice worth $243,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NICE. Park Square Financial Group LLC acquired a new position in Nice during the fourth quarter worth about $25,000. McIlrath & Eck LLC grew its position 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 buying an additional 58 shares during the period. NBC Securities Inc. acquired a new position in Nice during the first quarter worth about $34,000. Cheviot Value Management LLC acquired a new position in Nice during the first quarter worth about $36,000. Finally, Capital Analysts LLC acquired a new position in Nice during the first quarter worth about $69,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Stock Up 1.8%

Shares of NICE traded up $2.54 on Monday, hitting $142.95. 460,629 shares of the stock traded hands, compared to its average volume of 572,773. The firm has a market capitalization of $9.04 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.21 and a beta of 0.95. The stock's 50 day moving average is $151.82 and its two-hundred day moving average is $155.43. Nice has a 1 year low of $127.00 and a 1 year high of $200.65.

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, beating the consensus estimate of $2.99 by $0.02. The business had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Research analysts forecast that Nice will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

NICE has been the topic of several recent analyst reports. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 target price on shares of Nice in a research report on Wednesday, June 18th. Morgan Stanley lowered their target price on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Wall Street Zen lowered shares of Nice from a "buy" rating to a "hold" rating in a research report on Friday. Royal Bank Of Canada restated an "outperform" rating and set a $200.00 target price on shares of Nice in a research report on Wednesday, June 18th. Finally, Citigroup reduced their price target 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. 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, the stock presently has a consensus 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.