Swedbank AB Grows Stake in Nice $NICE

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 increased its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 12.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 375,700 shares of the technology company's stock after acquiring an additional 42,000 shares during the period. Swedbank AB owned about 0.59% of Nice worth $63,459,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Nice in the fourth quarter worth approximately $313,808,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Nice by 12.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock worth $272,306,000 after acquiring an additional 193,000 shares during the period. Vulcan Value Partners LLC boosted its holdings in Nice by 9.6% during the first quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company's stock worth $161,340,000 after buying an additional 91,929 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $139,989,000 after purchasing an additional 623,014 shares in the last quarter. Finally, RGM Capital LLC increased its stake in Nice by 8.6% in the first quarter. RGM Capital LLC now owns 826,660 shares of the technology company's stock valued at $127,446,000 after acquiring an additional 65,538 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NICE. 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. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 target price on shares of Nice in a research note on Friday, August 15th. JMP Securities reiterated a "market outperform" rating and set a $300.00 price target on shares of Nice in a research report on Tuesday, August 26th. Wall Street Zen upgraded Nice from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Price Performance

NASDAQ:NICE traded up $2.11 during trading hours on Friday, reaching $153.44. The company's stock had a trading volume of 428,446 shares, compared to its average volume of 590,094. The business's 50-day moving average is $147.43 and its 200-day moving average is $155.24. Nice has a one year low of $127.00 and a one year high of $200.65. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results 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. Nice had a net margin of 18.92% and a return on equity of 17.43%. The firm had revenue of $726.71 million during the quarter, compared to analyst estimates of $713.18 million. During the same quarter in the prior year, the business posted $2.64 earnings per share. 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. On average, sell-side analysts predict 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.