Nice (NASDAQ:NICE) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Nice (NASDAQ:NICE) from a buy rating to a hold rating in a report released on Saturday morning.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 price target on shares of Nice in a research note on Sunday, October 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of Nice in a research note on Friday, August 15th. DA Davidson decreased their price target on shares of Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Morgan Stanley decreased their price target on shares of Nice from $202.00 to $193.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Nice in a research note on Friday, June 20th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.25.

Nice Stock Performance

Shares of NICE stock opened at $129.88 on Friday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The company has a 50 day moving average price of $140.51 and a 200 day moving average price of $153.50. Nice has a fifty-two week low of $126.66 and a fifty-two week high of $200.65.

Nice (NASDAQ:NICE) last announced 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. The firm had revenue of $726.71 million during the quarter, compared to analysts’ expectations 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 quarter in the previous 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. On average, research analysts forecast that Nice will post 9.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Nice

A number of institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in Nice by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after buying an additional 65,420 shares during the period. Lazard Asset Management LLC raised its position in Nice by 116.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock worth $207,238,000 after buying an additional 659,170 shares during the last quarter. Vulcan Value Partners LLC raised its position in Nice by 9.6% during the 1st quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company’s stock worth $161,340,000 after buying an additional 91,929 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Nice by 218.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock worth $139,989,000 after buying an additional 623,014 shares during the last quarter. Finally, RGM Capital LLC raised its position in Nice by 8.6% during the 1st quarter. RGM Capital LLC now owns 826,660 shares of the technology company’s stock worth $127,446,000 after buying an additional 65,538 shares during the last quarter. 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.