Acadian Asset Management LLC Sells 459,207 Shares of Nice $NICE

Key Points

• Acadian Asset Management LLC has reduced its stake in Nice (NASDAQ:NICE) by 72.2%, now holding 177,065 shares worth approximately $27.28 million.
• Institutional investors collectively own 63.34% of Nice, with several firms increasing their positions significantly in the first quarter of this year.
• Nice reported a 3.01 EPS for the last quarter, surpassing expectations and indicating a year-over-year revenue growth of 9.4%.

Acadian Asset Management LLC decreased its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 72.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,065 shares of the technology company's stock after selling 459,207 shares during the quarter. Acadian Asset Management LLC owned 0.28% of Nice worth $27,282,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NICE. Northern Trust Corp increased its holdings in Nice by 126.3% in the 4th quarter. Northern Trust Corp now owns 22,345 shares of the technology company's stock worth $3,795,000 after purchasing an additional 12,469 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Nice by 15.1% in the fourth quarter. Ameriprise Financial Inc. now owns 15,018 shares of the technology company's stock valued at $2,551,000 after buying an additional 1,974 shares during the period. Baird Financial Group Inc. increased its stake in shares of Nice by 1.7% in the fourth 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 period. Focus Partners Wealth acquired a new stake in shares of Nice in the fourth quarter valued at about $208,000. Finally, Quantinno Capital Management LP increased its stake in shares of Nice by 3.4% in the fourth quarter. Quantinno Capital Management LP now owns 20,146 shares of the technology company's stock valued at $3,422,000 after buying an additional 668 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Morgan Stanley cut their price target on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price target on shares of Nice in a report on Friday, August 15th. Citigroup cut their price target on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Finally, DA Davidson cut their price target on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $205.25.

Nice Trading Up 0.1%

Shares of NICE traded up $0.17 on Friday, reaching $142.81. 373,578 shares of the company's stock traded hands, compared to its average volume of 679,197. The stock has a market cap of $9.03 billion, a PE ratio of 17.06, a PEG ratio of 1.23 and a beta of 0.95. The stock's 50 day simple moving average is $149.20 and its two-hundred day simple moving average is $155.05. Nice has a 52-week low of $127.00 and a 52-week 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, beating analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.Nice's revenue was up 9.4% on a year-over-year basis. During the same period last 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. Analysts forecast that Nice will post 9.85 earnings per share for the current 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.