Strs Ohio Makes New $6.67 Million Investment in Nice $NICE

Key Points

• Strs Ohio invested approximately $6.67 million in Nice, acquiring 43,250 shares during the first quarter, representing 0.07% ownership of the company.
• Recent analyst upgrades for Nice include a "buy" rating from Wall Street Zen and an upgrade from Citigroup, while various analysts have set price targets ranging from $150.00 to $300.00.
• Nice reported $3.01 earnings per share for the last quarter, exceeding estimates, and provided fiscal guidance with expectations of 9.85 EPS for the current year.

Strs Ohio acquired a new stake in Nice (NASDAQ:NICE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,250 shares of the technology company's stock, valued at approximately $6,668,000. Strs Ohio owned approximately 0.07% of Nice at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of Nice during the 4th quarter valued at $25,000. McIlrath & Eck LLC lifted its position in shares of Nice by 56.9% during 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 period. NBC Securities Inc. bought a new stake in shares of Nice during the 1st quarter valued at $34,000. Cheviot Value Management LLC bought a new stake in shares of Nice during the 1st quarter valued at $36,000. Finally, Capital Analysts LLC bought a new stake in shares of Nice during the 1st quarter valued at $69,000. 63.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NICE. Morgan Stanley cut their target price on Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Rosenblatt Securities reiterated a "buy" rating and set a $190.00 target price on shares of Nice in a research report on Friday, August 15th. Wall Street Zen upgraded Nice from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Nice currently has an average rating of "Moderate Buy" and an average target price of $205.25.

Nice Trading Up 1.4%

NASDAQ NICE traded up $2.11 during trading hours on Friday, hitting $153.44. 428,446 shares of the company's stock were exchanged, compared to its average volume of 590,094. The stock has a 50-day simple moving average of $147.43 and a 200 day simple moving average of $155.19. Nice has a 1-year low of $127.00 and a 1-year high of $200.65. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.31 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The business had revenue of $726.71 million during the quarter, compared to analysts' expectations of $713.18 million. During the same quarter last year, the firm posted $2.64 earnings per share. The firm's 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. On average, sell-side analysts anticipate that Nice will post 9.85 earnings per share 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.