TT International Asset Management LTD Acquires Shares of 25,764 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 shares of Nice (NASDAQ:NICE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,764 shares of the technology company's stock, valued at approximately $4,352,000. Nice comprises about 0.8% of TT International Asset Management LTD's investment portfolio, making the stock its 16th largest holding.

Other large investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in Nice during the fourth quarter valued at approximately $25,000. McIlrath & Eck LLC boosted its position in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. NBC Securities Inc. acquired a new position in Nice during the first quarter valued at approximately $34,000. Cheviot Value Management LLC acquired a new position in Nice during the first quarter valued at approximately $36,000. Finally, Capital Analysts LLC acquired a new position in Nice during the first quarter valued at approximately $69,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Nice Trading Down 3.5%

NASDAQ:NICE traded down $5.44 on Monday, hitting $148.00. The company's stock had a trading volume of 809,864 shares, compared to its average volume of 566,234. The stock has a fifty day moving average of $147.35 and a two-hundred day moving average of $155.29. The firm has a market capitalization of $9.36 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95. Nice has a one year low of $127.00 and a one year high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $713.18 million. During the same quarter in the previous year, the business posted $2.64 earnings per share. Nice's quarterly 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. As a group, sell-side analysts anticipate that Nice will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NICE shares. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price target on shares of Nice in a research report on Friday, August 15th. DA Davidson dropped their price objective on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Piper Sandler restated a "neutral" rating and issued a $182.00 price objective (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Morgan Stanley dropped their price objective on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Finally, Wall Street Zen upgraded Nice from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

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.