Nice $NICE Shares Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC increased its stake in Nice (NASDAQ:NICE) by 3.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,728 shares of the technology company’s stock after acquiring an additional 101 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Nice were worth $461,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of Nice by 14.1% in the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after acquiring an additional 85,286 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Nice by 56.0% in the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock worth $1,540,000 after acquiring an additional 3,584 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of Nice in the 1st quarter worth $513,000. Townsquare Capital LLC grew its holdings in shares of Nice by 1,518.4% in the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after acquiring an additional 24,446 shares during the last quarter. Finally, ARK Investment Management LLC grew 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 acquiring an additional 1,746 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NICE has been the topic of a number of research analyst reports. Morgan Stanley set a $193.00 price target on Nice in a report on Tuesday. Wall Street Zen downgraded Nice from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nice in a report on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and set a $152.00 price target on shares of Nice in a report on Sunday, October 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of Nice in a report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.25.

Nice Trading Up 1.7%

NICE opened at $134.52 on Wednesday. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.14 and a beta of 0.96. Nice has a 1 year low of $126.66 and a 1 year high of $200.65. The stock has a fifty day moving average price of $140.10 and a 200 day moving average price of $153.32.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) 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 return on equity of 17.43% and a net margin of 18.92%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, sell-side analysts forecast that Nice will post 9.85 earnings per share for the current fiscal 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.