Nice $NICE Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in Nice (NASDAQ:NICE) by 8.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,406 shares of the technology company’s stock after selling 582 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nice were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NICE. Cheviot Value Management LLC acquired a new stake in shares of Nice in the first quarter worth $36,000. Capital Analysts LLC acquired a new stake in shares of Nice in the first quarter worth $69,000. Anderson Financial Strategies LLC acquired a new stake in shares of Nice in the first quarter worth $72,000. IFP Advisors Inc boosted its position in shares of Nice by 76.2% in the first quarter. IFP Advisors Inc now owns 652 shares of the technology company’s stock worth $101,000 after buying an additional 282 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Nice by 52.6% in the first quarter. Spire Wealth Management now owns 751 shares of the technology company’s stock worth $116,000 after buying an additional 259 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Stock Down 1.4%

Shares of NICE opened at $132.00 on Tuesday. Nice has a 12-month low of $127.00 and a 12-month high of $200.65. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.16 and a beta of 0.96. The stock’s 50-day moving average price is $142.23 and its 200 day moving average price is $154.21.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The firm had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same period in the previous year, the company posted $2.64 earnings per share. The company’s quarterly revenue 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. Equities research analysts expect that Nice will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NICE shares. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Nice in a research report on Tuesday, August 26th. Wall Street Zen raised Nice from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Cantor Fitzgerald reissued a “neutral” rating and set a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Finally, DA Davidson reduced their price objective on Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.25.

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.