Rhumbline Advisers Has $600,000 Holdings in Nice $NICE

Rhumbline Advisers increased its stake in shares of Nice (NASDAQ:NICE) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,892 shares of the technology company’s stock after purchasing an additional 152 shares during the period. Rhumbline Advisers’ holdings in Nice were worth $600,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NICE. Park Square Financial Group LLC acquired a new stake in shares of Nice during the fourth quarter worth $25,000. NBC Securities Inc. bought a new position in Nice during the first quarter worth about $34,000. Cheviot Value Management LLC bought a new position in Nice during the first quarter worth about $36,000. Capital Analysts LLC bought a new position in Nice during the first quarter worth about $69,000. Finally, Anderson Financial Strategies LLC bought a new position in Nice during the first quarter worth about $72,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Nice Stock Down 3.5%

Shares of NASDAQ NICE opened at $148.00 on Tuesday. The business’s 50 day moving average price is $147.35 and its two-hundred day moving average price is $155.29. The company has a market cap of $9.36 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95. Nice has a twelve month low of $127.00 and a twelve month high of $200.65.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Morgan Stanley reduced their target price on Nice from $202.00 to $193.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Nice in a report on Friday, June 20th. Piper Sandler reiterated a “neutral” rating and set a $182.00 target price (up from $153.00) on shares of Nice in a report on Friday, June 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Nice in a report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Nice currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.25.

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.