Raymond James Financial Inc. Decreases Position in Nice $NICE

Key Points

• Raymond James Financial Inc. has reduced its holdings in Nice (NICE) by 68.5%, selling 108,178 shares and now owning 49,678 shares worth approximately $7.7 million.
• Several institutional investors have increased their positions in NICE, with Tower Research Capital LLC showing the most significant increase at 4,192.9%, owning 601 shares worth $102,000 now.
• Analysts have mixed sentiments on NICE, with a consensus rating of "Moderate Buy" and a target price of $205.25, amid a recent earnings report that exceeded estimates by posting $3.01 earnings per share.

Raymond James Financial Inc. decreased its position in shares of Nice (NASDAQ:NICE - Free Report) by 68.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,678 shares of the technology company's stock after selling 108,178 shares during the period. Raymond James Financial Inc. owned 0.08% of Nice worth $7,659,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in Nice during the fourth quarter worth approximately $25,000. McIlrath & Eck LLC increased its position in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares during the period. NBC Securities Inc. acquired a new position in Nice during the first quarter worth approximately $34,000. Cheviot Value Management LLC acquired a new position in Nice during the first quarter worth approximately $36,000. Finally, Tower Research Capital LLC TRC increased its position in Nice by 4,192.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 601 shares of the technology company's stock worth $102,000 after buying an additional 587 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NICE. Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 price target on shares of Nice in a research report on Friday, August 15th. DA Davidson dropped 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. Citigroup dropped their target price on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Wall Street Zen raised Nice from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Friday, June 20th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nice currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Price Performance

Shares of NICE stock opened at $141.35 on Tuesday. The business's fifty day moving average price is $154.00 and its 200 day moving average price is $156.35. Nice has a 1-year low of $127.00 and a 1-year high of $200.65. The firm has a market capitalization of $8.94 billion, a PE ratio of 16.89, a P/E/G ratio of 1.22 and a beta of 0.95.

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, topping 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 firm had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same quarter in the prior year, the company posted $2.64 earnings per share. Nice's quarterly revenue was up 9.4% on a year-over-year basis. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. Equities research analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

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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