TT International Asset Management LTD Takes Position in Nice $NICE

Key Points

• TT International Asset Management LTD acquired a new stake in Nice by purchasing 25,764 shares, valued at approximately $4.35 million, making Nice 0.8% of its total holdings.
• Nice reported earnings of $3.01 per share, surpassing analysts' expectations, along with a revenue of $726.71 million for the quarter, reflecting a year-over-year increase of 9.4%.
• Analysts have mixed views on Nice's stock, with target price estimates ranging from $150 to $300, and an overall average rating of "Moderate Buy."

TT International Asset Management LTD purchased a new stake in Nice (NASDAQ:NICE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,764 shares of the technology company's stock, valued at approximately $4,352,000. Nice accounts for about 0.8% of TT International Asset Management LTD's investment portfolio, making the stock its 16th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its holdings in shares of Nice by 14.1% during the first quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock worth $106,628,000 after buying an additional 85,286 shares in the last quarter. Cerity Partners LLC boosted its stake in Nice by 56.0% in the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock valued at $1,540,000 after acquiring an additional 3,584 shares during the last quarter. Brown Advisory Inc. bought a new position in Nice in the first quarter valued at approximately $513,000. Townsquare Capital LLC boosted its holdings in shares of Nice by 1,518.4% in the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock valued at $4,017,000 after buying an additional 24,446 shares during the period. Finally, ARK Investment Management LLC lifted its position in Nice by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock valued at $1,832,000 after acquiring an additional 1,746 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Friday, June 20th. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Morgan Stanley decreased their price target on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Piper Sandler reiterated a "neutral" rating and issued a $182.00 price target (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, DA Davidson cut their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.25.

Nice Stock Performance

Shares of NICE stock traded up $2.11 on Friday, hitting $153.44. 428,446 shares of the company's stock traded hands, compared to its average volume of 590,094. Nice has a one year low of $127.00 and a one year high of $200.65. The company's fifty day simple moving average is $147.43 and its 200 day simple moving average is $155.24. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 18.33, 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 EPS for the quarter, beating 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 the consensus estimate of $713.18 million. During the same period in the prior year, the firm 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. As a group, sell-side analysts anticipate 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.