Bayforest Capital Ltd Invests $87,000 in Nice $NICE

Bayforest Capital Ltd acquired a new position in Nice (NASDAQ:NICE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 517 shares of the technology company’s stock, valued at approximately $87,000.

Other hedge funds have also recently modified their holdings of the company. Deutsche Bank AG grew its position in Nice by 14.1% during the first quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock valued at $106,628,000 after buying an additional 85,286 shares during the period. Cerity Partners LLC boosted its stake in Nice by 56.0% in the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after acquiring an additional 3,584 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Nice during the 1st quarter valued at approximately $513,000. Townsquare Capital LLC increased its stake in shares of Nice by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after purchasing an additional 24,446 shares during the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of Nice by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock worth $1,832,000 after purchasing an additional 1,746 shares during the period. Institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DA Davidson decreased their target price on Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Wall Street Zen cut Nice from a “buy” rating to a “hold” rating in a research note on Saturday. JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Nice in a research report on Tuesday, August 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 target price on shares of Nice in a research note on Sunday, October 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nice currently has an average rating of “Moderate Buy” and a consensus target price of $201.25.

Nice Trading Up 1.2%

NICE stock opened at $129.88 on Friday. The firm has a 50 day moving average of $140.51 and a 200-day moving average of $153.53. The firm has a market capitalization of $8.21 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96. Nice has a 12 month low of $126.66 and a 12 month high of $200.65.

Nice (NASDAQ:NICE) last announced its quarterly earnings results 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 the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm 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. Sell-side analysts predict that Nice will post 9.85 EPS for the current year.

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.