Nice $NICE Stake Cut by Acadian Asset Management LLC

Acadian Asset Management LLC reduced its holdings in Nice (NASDAQ:NICE) by 72.2% in the 1st quarter, Holdings Channel reports. The fund owned 177,065 shares of the technology company’s stock after selling 459,207 shares during the period. Acadian Asset Management LLC’s holdings in Nice were worth $27,282,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NICE. Northern Trust Corp lifted its stake in Nice by 126.3% in the 4th quarter. Northern Trust Corp now owns 22,345 shares of the technology company’s stock worth $3,795,000 after acquiring an additional 12,469 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Nice by 15.1% in the 4th quarter. Ameriprise Financial Inc. now owns 15,018 shares of the technology company’s stock worth $2,551,000 after acquiring an additional 1,974 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Nice by 1.7% in the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company’s stock worth $1,029,000 after acquiring an additional 100 shares in the last quarter. Focus Partners Wealth purchased a new stake in Nice in the 4th quarter worth about $208,000. Finally, Quantinno Capital Management LP lifted its stake in Nice by 3.4% in the 4th quarter. Quantinno Capital Management LP now owns 20,146 shares of the technology company’s stock worth $3,422,000 after acquiring an additional 668 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Nice Price Performance

NICE opened at $142.03 on Thursday. Nice has a fifty-two week low of $127.00 and a fifty-two week high of $200.65. The business has a 50-day moving average of $150.29 and a 200-day moving average of $155.17. The company has a market capitalization of $8.98 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.24 and a beta of 0.95.

Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The business had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. During the same period last year, the business earned $2.64 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. On average, equities research analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on NICE. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of Nice in a research note on Friday, August 15th. Morgan Stanley cut their price target on Nice from $202.00 to $193.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Finally, Citigroup cut their price target on Nice from $214.00 to $211.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.25.

Nice 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.