Nice $NICE Stake Boosted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management Americas LLC increased its ownership of Nice (NICE) by 218.6% in the first quarter, acquiring an additional 623,014 shares for a total of 908,014 shares, valued at approximately $139.99 million.
• Nice reported a quarterly earnings per share of $3.01, surpassing estimates, with a year-over-year revenue increase of 9.4% to $726.71 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Nice, with an average price target of $205.25, highlighting optimism in the stock's future performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Nice (NASDAQ:NICE - Free Report) by 218.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 908,014 shares of the technology company's stock after acquiring an additional 623,014 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.44% of Nice worth $139,989,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NICE. Park Square Financial Group LLC acquired a new position in shares of Nice during the fourth quarter valued at $25,000. McIlrath & Eck LLC boosted its holdings in shares of 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 acquiring an additional 58 shares during the period. NBC Securities Inc. acquired a new position in shares of Nice during the first quarter valued at $34,000. Cheviot Value Management LLC bought a new stake in shares of Nice during the first quarter valued at about $36,000. Finally, Capital Analysts LLC bought a new stake in shares of Nice during the first quarter valued at about $69,000. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NICE shares. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Royal Bank Of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of Nice from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley cut their price objective 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. Finally, Piper Sandler reiterated a "neutral" rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.25.

Nice Stock Up 0.3%

Nice stock traded up $0.38 during midday trading on Monday, hitting $143.19. The company's stock had a trading volume of 525,772 shares, compared to its average volume of 633,733. The stock's 50-day moving average price is $148.67 and its 200-day moving average price is $155.16. Nice has a 12 month low of $127.00 and a 12 month high of $200.65. The company has a market capitalization of $9.06 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.24 and a beta of 0.95.

Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.99 by $0.02. The firm had revenue of $726.71 million for the quarter, compared to analysts' expectations of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. Nice's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, equities analysts anticipate that Nice will post 9.85 EPS for the current 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.