Perpetual Ltd Acquires 8,783 Shares of Nice $NICE

Key Points

• Perpetual Ltd increased its stake in Nice by 3.5% during the second quarter, now owning 258,683 shares valued at approximately $43.7 million.
• Several institutional investors have also modified their holdings, with Barrow Hanley Mewhinney & Strauss LLC acquiring a new stake valued at $313.8 million, while other firms like Vulcan Value Partners LLC and Migdal Insurance increased their stakes significantly.
• Analysts have mixed views on Nice, with target prices ranging from $150.00 to $300.00, and a consensus rating of "Moderate Buy," indicating a generally positive outlook despite the range in stock price targets.

Perpetual Ltd grew its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 3.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 258,683 shares of the technology company's stock after acquiring an additional 8,783 shares during the quarter. Perpetual Ltd owned about 0.41% of Nice worth $43,694,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in Nice during the 4th quarter valued at $25,000. McIlrath & Eck LLC lifted its holdings in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Nice during the 1st quarter valued at about $34,000. Cheviot Value Management LLC acquired a new position in shares of Nice in the 1st quarter worth approximately $36,000. Finally, Capital Analysts LLC bought a new stake in shares of Nice in the 1st quarter worth approximately $69,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Nice Stock Performance

Shares of NICE traded down $5.44 during mid-day trading on Monday, hitting $148.00. The company's stock had a trading volume of 809,629 shares, compared to its average volume of 570,040. Nice has a one year low of $127.00 and a one year high of $200.65. The stock's 50-day moving average is $147.43 and its two-hundred day moving average is $155.30. The firm has a market capitalization of $9.36 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.02. The company 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%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business 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. Analysts expect that Nice will post 9.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NICE shares. Wall Street Zen upgraded shares of Nice from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. DA Davidson decreased their target price on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Morgan Stanley cut their target price on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price target on shares of Nice in a research report on Tuesday, August 26th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

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.