Black Creek Investment Management Inc. Sells 235,222 Shares of NiCE $NICE

Black Creek Investment Management Inc. cut its holdings in shares of NiCE (NASDAQ:NICE) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,407,296 shares of the technology company’s stock after selling 235,222 shares during the period. NiCE makes up about 11.0% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Black Creek Investment Management Inc. owned about 2.22% of NiCE worth $237,706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NICE. Migdal Insurance & Financial Holdings Ltd. raised its stake in NiCE by 3.7% during 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 acquiring an additional 65,420 shares in the last quarter. Vulcan Value Partners LLC raised its stake in shares of NiCE by 9.6% during the first quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company’s stock valued at $161,340,000 after purchasing an additional 91,929 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NiCE by 218.6% in the first 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 purchasing an additional 623,014 shares during the period. RGM Capital LLC lifted its holdings in NiCE by 8.6% in the first quarter. RGM Capital LLC now owns 826,660 shares of the technology company’s stock worth $127,446,000 after purchasing an additional 65,538 shares during the period. Finally, Alliancebernstein L.P. grew its position in NiCE by 1,125.3% in the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock valued at $118,516,000 after buying an additional 705,997 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NiCE Stock Down 9.4%

NICE opened at $120.86 on Tuesday. The firm has a market cap of $7.64 billion, a PE ratio of 14.44, a P/E/G ratio of 1.16 and a beta of 0.98. The business has a fifty day simple moving average of $136.93 and a 200-day simple moving average of $150.62. NiCE has a fifty-two week low of $120.12 and a fifty-two week high of $193.52.

NiCE (NASDAQ:NICE) last announced its earnings results on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, beating the consensus estimate of $3.17 by $0.01. The business had revenue of $732.00 million during the quarter, compared to the consensus estimate of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.NiCE’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.88 earnings per share. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. On average, equities research analysts anticipate that NiCE will post 9.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on NICE. Citigroup boosted their price target on shares of NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c-)” rating on shares of NiCE in a research report on Thursday. Morgan Stanley set a $193.00 price target on NiCE in a research report on Tuesday, October 21st. Finally, JMP Securities set a $200.00 price objective on NiCE in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NiCE presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

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 enables 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.