QRG Capital Management Inc. Raises Holdings in Nice $NICE

Key Points

• QRG Capital Management Inc. significantly increased its holdings in Nice by 396.2% during the 2nd quarter, bringing its total to 14,281 shares worth approximately $2.4 million.
• Multiple hedge funds have also expanded their positions in Nice, with Alliancebernstein L.P. increasing its stake by 1,125.3% and owning 768,737 shares valued at $118.5 million.
• Nice recently reported earnings of $3.01 per share, surpassing analysts' expectations, and set guidance for FY 2025 at 12.330-12.530 EPS.

QRG Capital Management Inc. grew its position in Nice (NASDAQ:NICE - Free Report) by 396.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,281 shares of the technology company's stock after buying an additional 11,403 shares during the quarter. QRG Capital Management Inc.'s holdings in Nice were worth $2,412,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NICE. Alliancebernstein L.P. lifted its holdings in shares of Nice by 1,125.3% in the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock worth $118,516,000 after buying an additional 705,997 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Nice during the 1st quarter worth $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Nice by 218.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock worth $139,989,000 after purchasing an additional 623,014 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of Nice during the 1st quarter worth $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Nice by 12.3% during 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 during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Nice Stock Performance

Nice stock opened at $135.15 on Wednesday. The stock has a 50-day moving average of $143.90 and a two-hundred day moving average of $154.86. The stock has a market cap of $8.55 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. Nice has a one year low of $127.00 and a one 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 for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. The business had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The company's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, sell-side analysts predict that Nice will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NICE shares. Wall Street Zen upgraded Nice from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Piper Sandler restated a "neutral" rating and set a $182.00 price objective (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, Morgan Stanley decreased their price objective on Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $205.25.

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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