ARK Investment Management LLC Sells 952 Shares of Nice $NICE

ARK Investment Management LLC cut its stake in Nice (NASDAQ:NICE) by 8.0% in the second quarter, HoldingsChannel.com reports. The fund owned 10,931 shares of the technology company’s stock after selling 952 shares during the period. ARK Investment Management LLC’s holdings in Nice were worth $1,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Aurora Investment Counsel boosted its holdings in shares of Nice by 0.8% in the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock worth $1,859,000 after buying an additional 96 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Nice by 99.0% in the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after buying an additional 99 shares during the last quarter. Investors Research Corp lifted its holdings in Nice by 4.2% during the second quarter. Investors Research Corp now owns 2,486 shares of the technology company’s stock valued at $420,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Nice by 3.8% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,728 shares of the technology company’s stock valued at $461,000 after purchasing an additional 101 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its holdings in Nice by 1.5% during the second quarter. BTC Capital Management Inc. now owns 8,539 shares of the technology company’s stock valued at $1,442,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

NICE has been the subject of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nice in a research report on Wednesday, October 8th. Morgan Stanley set a $193.00 target price on shares of Nice in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and set a $300.00 target price on shares of Nice in a research note on Tuesday, August 26th. Jefferies Financial Group reissued a “hold” rating and set a $152.00 target price on shares of Nice in a research note on Sunday, October 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Nice in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.25.

Nice Stock Down 1.4%

NICE opened at $132.69 on Thursday. Nice has a 52-week low of $126.66 and a 52-week high of $200.65. The firm’s 50-day moving average price is $139.79 and its 200-day moving average price is $153.18. The company has a market cap of $8.39 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.16 and a beta of 0.96.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.02. The company had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. Nice’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.

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.