NICE (NASDAQ:NICE) Updates FY 2025 Earnings Guidance

NICE (NASDAQ:NICE - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 12.280-12.480 for the period, compared to the consensus estimate of 12.190. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. NICE also updated its Q2 2025 guidance to 2.930-3.030 EPS.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NICE. DA Davidson increased their target price on NICE from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $161.00 price target on shares of NICE in a research report on Friday. Rosenblatt Securities increased their price objective on NICE from $180.00 to $190.00 and gave the company a "buy" rating in a report on Friday. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price objective on shares of NICE in a report on Friday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of NICE in a report on Friday. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, NICE presently has an average rating of "Moderate Buy" and a consensus target price of $221.79.

NICE Price Performance

Shares of NICE stock traded up $2.32 during midday trading on Friday, hitting $163.43. The company had a trading volume of 677,637 shares, compared to its average volume of 569,636. The company's 50 day simple moving average is $153.97 and its 200 day simple moving average is $165.16. NICE has a 52-week low of $137.19 and a 52-week high of $202.36. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.29 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.55). NICE had a net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $700.19 million during the quarter, compared to analysts' expectations of $699.46 million. Analysts anticipate that NICE will post 9.85 EPS for the current year.

Hedge Funds Weigh In On NICE

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of NICE in the first quarter worth $226,000. Empowered Funds LLC purchased a new stake in NICE during the first quarter valued at about $892,000. Woodline Partners LP grew its position in NICE by 18.7% during the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company's stock valued at $3,105,000 after acquiring an additional 3,178 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in NICE by 81.7% during the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company's stock valued at $35,430,000 after acquiring an additional 103,342 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

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.