Nice's (NICE) Market Outperform Rating Reiterated at JMP Securities

Key Points

• JMP Securities has reiterated its "market outperform" rating for Nice (NASDAQ:NICE), setting a target price of $300.00, which represents a potential upside of 113.30% from the current price.
• Despite positive earnings, with $3.01 earnings per share surpassing analyst expectations, the stock has faced recent price target reductions from firms like Citigroup and DA Davidson.
• Currently, 63.34% of Nice's stock is held by hedge funds and other institutional investors, reflecting significant institutional interest in the company.

Nice (NASDAQ:NICE - Get Free Report)'s stock had its "market outperform" rating reissued by investment analysts at JMP Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $300.00 target price on the technology company's stock. JMP Securities' price objective would indicate a potential upside of 113.30% from the stock's current price.

A number of other equities research analysts have also weighed in on NICE. Citigroup cut their target price on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. DA Davidson decreased their price objective on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Nice in a research report on Wednesday, June 18th. Finally, Morgan Stanley dropped their target price on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Nice currently has an average rating of "Moderate Buy" and an average target price of $205.25.

Nice Trading Down 1.3%

NICE stock opened at $140.65 on Tuesday. The firm's 50-day moving average price is $156.34 and its two-hundred day moving average price is $157.53. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.23 and a beta of 0.98. 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 earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. The company 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%. Nice's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. Equities analysts predict that Nice will post 9.85 EPS for the current year.

Hedge Funds Weigh In On Nice

Institutional investors have recently bought and sold shares of the business. Park Square Financial Group LLC purchased a new position in shares of Nice during the 4th quarter valued at approximately $25,000. McIlrath & Eck LLC increased its position in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Richardson Financial Services Inc. increased its position in Nice by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company's stock worth $33,000 after purchasing an additional 99 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Nice during the first quarter valued at about $34,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Nice during the fourth quarter valued at about $38,000. 63.34% of the stock is owned by hedge funds and other 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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