Swedbank AB Increases Position in Nice $NICE

Key Points

• Swedbank AB increased its holdings in Nice by 136.8%, now owning 333,700 shares valued at approximately $51.4 million.
• Several institutional investors have also raised their positions in Nice, with 63.34% of the stock owned by hedge funds and other institutional investors.
• Nice reported a net margin of 18.92% and a revenue increase of 9.4% year-over-year, with a current EPS estimate of 9.85 for the year.

Swedbank AB grew its holdings in Nice (NASDAQ:NICE - Free Report) by 136.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 333,700 shares of the technology company's stock after buying an additional 192,800 shares during the period. Swedbank AB owned 0.53% of Nice worth $51,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. McIlrath & Eck LLC raised its holdings in shares of Nice by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Nice by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock worth $405,000 after acquiring an additional 83 shares during the period. Aurora Investment Counsel increased its stake in shares of Nice by 0.8% during the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company's stock worth $1,859,000 after acquiring an additional 96 shares during the period. Tlwm increased its stake in shares of Nice by 4.1% during the first quarter. Tlwm now owns 3,658 shares of the technology company's stock worth $564,000 after acquiring an additional 144 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in shares of Nice during the fourth quarter worth about $25,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Nice in a research note on Wednesday, June 18th. Cantor Fitzgerald reiterated a "neutral" rating and set a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th. Citigroup dropped their price target on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Rosenblatt Securities reiterated a "buy" rating and set a $190.00 price target on shares of Nice in a research note on Friday, August 15th. Finally, JMP Securities reiterated a "market outperform" rating and set a $300.00 price target on shares of Nice in a research note on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Nice presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Trading Up 0.1%

Shares of NICE opened at $142.81 on Friday. The firm's 50-day moving average is $149.20 and its two-hundred day moving average is $154.98. Nice has a twelve month low of $127.00 and a twelve month high of $200.65. The firm has a market capitalization of $9.03 billion, a P/E ratio of 17.06, a PEG ratio of 1.23 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share 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 company had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same period in the prior year, the business posted $2.64 earnings per share. The firm's revenue for the quarter 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. Analysts predict that Nice will post 9.85 EPS for the current 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.

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