Nice (NASDAQ:NICE) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Nice (NASDAQ:NICE) has been given a "hold (C-)" rating by Weiss Ratings, with multiple other analysts also providing varied ratings and target prices.
• The company's quarterly earnings exceeded expectations, reporting $3.01 EPS on revenue of $726.71 million, marking a 9.4% year-over-year increase.
• Institutional investors hold 63.34% of Nice's stock, with various hedge funds recently increasing their positions in the company.

Nice (NASDAQ:NICE - Get Free Report)'s stock had its "hold (c-)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th. JMP Securities restated a "market outperform" rating and set a $300.00 target price on shares of Nice in a research note on Tuesday, August 26th. Morgan Stanley lowered their target price 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. Rosenblatt Securities restated a "buy" rating and set a $190.00 target price on shares of Nice in a research note on Friday, August 15th. Finally, DA Davidson lowered their target price on shares of Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $205.25.

Nice Trading Up 2.3%

NICE opened at $138.20 on Wednesday. The stock has a fifty day simple moving average of $143.45 and a two-hundred day simple moving average of $154.74. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.17 and a beta of 0.96. Nice has a 12-month low of $127.00 and a 12-month high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. The business had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, analysts predict that Nice will post 9.85 EPS for the current year.

Institutional Investors Weigh In On Nice

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC increased its holdings in Nice by 6.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company's stock worth $252,000 after acquiring an additional 94 shares in the last quarter. Aurora Investment Counsel increased its holdings in Nice by 0.8% in the 1st 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 in the last quarter. Richardson Financial Services Inc. increased its holdings in Nice by 99.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company's stock worth $33,000 after acquiring an additional 99 shares in the last quarter. Investors Research Corp increased its holdings in Nice by 4.2% in the 2nd quarter. Investors Research Corp now owns 2,486 shares of the technology company's stock worth $420,000 after acquiring an additional 100 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in Nice by 3.8% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,728 shares of the technology company's stock worth $461,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Company 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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