Phoenix Financial Ltd. Has $209.73 Million Position in Nice $NICE

Key Points

• Phoenix Financial Ltd. reduced its holdings in Nice by 15.9% during Q2, owning 1,179,600 shares valued at approximately $209.73 million.
• Recent analyst reports show mixed ratings for Nice, with Morgan Stanley lowering the price target from $202 to $193 while maintaining an "overweight" rating.
• Nice reported quarterly earnings of $3.01 EPS, exceeding estimates, and saw a revenue increase of 9.4% year-over-year, totaling $726.71 million.

Phoenix Financial Ltd. trimmed its holdings in Nice (NASDAQ:NICE - Free Report) by 15.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,179,600 shares of the technology company's stock after selling 222,938 shares during the quarter. Nice comprises 2.8% of Phoenix Financial Ltd.'s portfolio, making the stock its 8th largest holding. Phoenix Financial Ltd. owned about 1.86% of Nice worth $209,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NICE. Janney Montgomery Scott LLC grew its holdings in Nice by 45.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,988 shares of the technology company's stock worth $1,077,000 after buying an additional 2,172 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Nice by 61.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,363 shares of the technology company's stock valued at $2,985,000 after purchasing an additional 7,343 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Nice by 20.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 7,060 shares of the technology company's stock valued at $1,088,000 after purchasing an additional 1,180 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Nice by 5.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 47,934 shares of the technology company's stock valued at $7,390,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Wealthquest Corp bought a new position in Nice during the 1st quarter valued at $37,843,000. 63.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NICE has been the subject of a number of research reports. Morgan Stanley decreased their price target on Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Wall Street Zen lowered Nice from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group reaffirmed a "hold" rating and set a $152.00 price target on shares of Nice in a research note on Sunday, October 12th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Nice in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 price target on shares of Nice in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Nice has an average rating of "Moderate Buy" and a consensus target price of $201.25.

Nice Stock Performance

Shares of NASDAQ:NICE opened at $132.21 on Tuesday. Nice has a one year low of $126.66 and a one year high of $200.65. The stock has a fifty day moving average of $140.26 and a 200-day moving average of $153.46. The company has a market capitalization of $8.36 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. During the same quarter in the prior year, the firm earned $2.64 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. As a group, research analysts forecast that Nice will post 9.85 EPS for the current fiscal year.

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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