Nice (NASDAQ:NICE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Shares of Nice (NASDAQ:NICE) have received a consensus rating of "Moderate Buy" from thirteen brokerages, with an average price target of $205.25.
• The technology company reported a quarterly EPS of $3.01, exceeding the consensus estimate, and a revenue of $726.71 million, reflecting a year-over-year increase of 9.4%.
• Significant institutional investments were made in Nice, with AllianceBernstein L.P. increasing its holdings by over 1,125% in the first quarter.

Shares of Nice (NASDAQ:NICE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $205.25.

Several research firms have commented on NICE. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price objective on shares of Nice in a research note on Friday, August 15th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 target price on shares of Nice in a research report on Wednesday, June 18th. Wall Street Zen raised shares of Nice from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Piper Sandler reissued a "neutral" rating and set a $182.00 target price (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $200.00 target price on shares of Nice in a research report on Wednesday, June 18th.

Nice Stock Performance

NASDAQ:NICE opened at $147.14 on Friday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.32 and a beta of 0.95. Nice has a 52 week low of $127.00 and a 52 week high of $200.65. The firm has a 50-day moving average price of $147.17 and a two-hundred day moving average price of $155.23.

Nice (NASDAQ:NICE - Get Free Report) last posted 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. The firm had revenue of $726.71 million during the quarter, compared to analyst estimates of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $2.64 EPS. 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 forecast that Nice will post 9.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in Nice by 1,125.3% in the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company's stock worth $118,516,000 after buying an additional 705,997 shares during the period. Lazard Asset Management LLC boosted its holdings in Nice by 116.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company's stock worth $207,238,000 after buying an additional 659,170 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Nice in the 1st quarter worth approximately $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Nice by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock worth $139,989,000 after buying an additional 623,014 shares during the period. Finally, Wealthquest Corp bought a new position in Nice in the 1st quarter worth approximately $37,843,000. 63.34% of the stock is owned by institutional investors.

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.

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