Nice $NICE Shares Sold by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC has reduced its holdings in Nice (NASDAQ:NICE) by 22.5%, owning 550,714 shares valued at approximately $93 million following the sale of almost 160,000 shares in the second quarter.
• Nice reported $3.01 EPS for the last quarter, exceeding estimates and achieving a 9.4% year-over-year revenue increase, with a future EPS guidance of 12.330-12.530 for FY 2025.
• Wall Street analysts maintain a generally optimistic outlook for Nice, with price targets ranging from $150 to $300 and an average rating classified as a "Moderate Buy."

William Blair Investment Management LLC cut its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 22.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 550,714 shares of the technology company's stock after selling 159,952 shares during the period. William Blair Investment Management LLC owned about 0.87% of Nice worth $93,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its stake in shares of Nice by 1,125.3% during the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock valued at $118,516,000 after buying an additional 705,997 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Nice during the first quarter worth about $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Nice by 218.6% during the first 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 acquiring an additional 623,014 shares in the last quarter. Wealthquest Corp acquired a new position in Nice in the first quarter valued at approximately $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in 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 worth $272,306,000 after purchasing an additional 193,000 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Nice Price Performance

NASDAQ NICE opened at $129.88 on Friday. The stock's 50 day simple moving average is $140.51 and its 200-day simple moving average is $153.53. The company has a market cap of $8.21 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96. Nice has a 1-year low of $126.66 and a 1-year high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last issued 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. The firm had revenue of $726.71 million during the quarter, compared to analysts' expectations of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NICE shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 target price on shares of Nice in a report on Friday, August 15th. Wedbush reiterated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Nice in a research note on Wednesday, October 8th. DA Davidson cut their price target on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $300.00 price target on shares of Nice in a report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $201.25.

About Nice

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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