Nice (NASDAQ:NICE) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Nice Systems reported earnings of $3.01 per share for the quarter, exceeding estimates by $0.02, with a revenue of $726.71 million, marking a 9.4% year-over-year increase.
• The company updated its FY 2025 guidance to a range of 12.330-12.530 EPS and its Q3 2025 guidance to 3.120-3.220 EPS.
• Following the earnings report, Nice's stock rose by 4.2%, trading at $133.16, with various analysts maintaining a consensus rating of "Moderate Buy."

Nice (NASDAQ:NICE - Get Free Report) announced its earnings results on Thursday. The technology company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.02, RTT News reports. Nice had a return on equity of 17.64% and a net margin of 18.92%. The firm had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. During the same period in the previous year, the business earned $2.64 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Nice updated its FY 2025 guidance to 12.330-12.530 EPS and its Q3 2025 guidance to 3.120-3.220 EPS.

Nice Stock Up 4.2%

Shares of NICE traded up $5.31 during mid-day trading on Friday, reaching $133.16. 1,281,472 shares of the company's stock were exchanged, compared to its average volume of 736,570. The company has a 50-day simple moving average of $160.39 and a two-hundred day simple moving average of $158.89. Nice has a 52-week low of $127.00 and a 52-week high of $200.65. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.16 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Wedbush reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Citigroup decreased their price objective on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, DA Davidson decreased their price objective on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Nice currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Institutional Trading of Nice

Several hedge funds and other institutional investors have recently bought and sold shares of NICE. Woodline Partners LP boosted its position in Nice by 18.7% during the 1st quarter. Woodline Partners LP now owns 20,140 shares of the technology company's stock worth $3,105,000 after purchasing an additional 3,178 shares during the period. Ameriprise Financial Inc. raised its stake in Nice by 4.9% during the second quarter. Ameriprise Financial Inc. now owns 13,778 shares of the technology company's stock worth $2,327,000 after acquiring an additional 644 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Nice during the second quarter worth about $1,881,000. Cerity Partners LLC raised its stake in Nice by 8.7% during the second quarter. Cerity Partners LLC now owns 10,859 shares of the technology company's stock worth $1,834,000 after acquiring an additional 873 shares during the period. Finally, MML Investors Services LLC grew its position in Nice by 109.7% in the 2nd quarter. MML Investors Services LLC now owns 8,472 shares of the technology company's stock worth $1,431,000 after purchasing an additional 4,431 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

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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