Mesirow Financial Investment Management Inc. Sells 595 Shares of Nice $NICE

Mesirow Financial Investment Management Inc. lessened its stake in Nice (NASDAQ:NICE) by 7.4% in the second quarter, Holdings Channel reports. The firm owned 7,409 shares of the technology company’s stock after selling 595 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Nice were worth $1,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. raised its stake in Nice by 99.0% in the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after purchasing an additional 99 shares in the last quarter. Cheviot Value Management LLC acquired a new position in Nice in the first quarter valued at about $36,000. Hantz Financial Services Inc. raised its stake in Nice by 1,388.9% in the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after purchasing an additional 375 shares in the last quarter. Capital Analysts LLC acquired a new position in Nice in the first quarter valued at about $69,000. Finally, Anderson Financial Strategies LLC acquired a new position in Nice in the first quarter valued at about $72,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Nice Stock Up 0.8%

Shares of NICE opened at $136.66 on Friday. Nice has a 12-month low of $126.66 and a 12-month high of $200.65. The business has a 50-day simple moving average of $139.56 and a two-hundred day simple moving average of $152.51. The stock has a market cap of $8.64 billion, a PE ratio of 16.33, a PEG ratio of 1.16 and a beta of 0.96.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $713.18 million. During the same quarter in the prior year, the firm earned $2.64 EPS. The business’s revenue for the quarter 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 EPS for the current year.

Analyst Ratings Changes

NICE has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of Nice in a report on Tuesday, August 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Nice in a research report on Friday, August 15th. Wall Street Zen cut Nice from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. DA Davidson decreased their target price on Nice from $195.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Finally, Morgan Stanley set a $193.00 target price on Nice in a research report on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.25.

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.