Nice $NICE Position Raised by Swedbank AB

Key Points

• Swedbank AB has increased its stake in Nice shares by 12.6%, now owning approximately 375,700 shares worth $63,459,000 as of the latest SEC filing.
• Analysts have varying opinions on Nice, with target prices ranging from $161.00 to $300.00, and an overall consensus rating of "Moderate Buy".
• Nice reported a quarterly earnings of $3.01 per share, which surpassed analyst expectations, and a revenue of $726.71 million for the period.

Swedbank AB boosted its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,700 shares of the technology company's stock after purchasing an additional 42,000 shares during the quarter. Swedbank AB owned approximately 0.59% of Nice worth $63,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in Nice by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock worth $106,628,000 after purchasing an additional 85,286 shares during the last quarter. Cerity Partners LLC increased its holdings in Nice by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock worth $1,540,000 after purchasing an additional 3,584 shares during the last quarter. Brown Advisory Inc. acquired a new position in Nice in the first quarter worth about $513,000. Townsquare Capital LLC grew its stake in Nice by 1,518.4% in the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock worth $4,017,000 after purchasing an additional 24,446 shares in the last quarter. Finally, ARK Investment Management LLC grew its stake in Nice by 17.2% in the first quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock worth $1,832,000 after purchasing an additional 1,746 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Nice Stock Down 3.5%

NICE stock traded down $5.44 during midday trading on Monday, reaching $148.00. The company had a trading volume of 809,864 shares, compared to its average volume of 566,234. The stock has a 50 day moving average price of $147.35 and a 200 day moving average price of $155.29. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65. The firm has a market capitalization of $9.36 billion, a PE ratio of 17.68, a P/E/G ratio of 1.33 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The business's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts predict that Nice will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Nice from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. 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. Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th. Piper Sandler reiterated a "neutral" rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, DA Davidson decreased their price target on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Nice currently has an average rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Company 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.