Artisan Partners Limited Partnership Reduces Stock Position in NiCE $NICE

Artisan Partners Limited Partnership lessened its position in NiCE (NASDAQ:NICE) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 991,148 shares of the technology company’s stock after selling 64,204 shares during the period. Artisan Partners Limited Partnership owned 1.57% of NiCE worth $167,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NICE. IFP Advisors Inc increased its holdings in NiCE by 76.2% during the 1st quarter. IFP Advisors Inc now owns 652 shares of the technology company’s stock valued at $101,000 after purchasing an additional 282 shares during the period. Wedbush Securities Inc. increased its stake in shares of NiCE by 18.0% during the first quarter. Wedbush Securities Inc. now owns 1,801 shares of the technology company’s stock valued at $278,000 after buying an additional 275 shares during the period. Guardian Wealth Management Inc. purchased a new position in shares of NiCE during the first quarter valued at approximately $1,201,000. Hamilton Point Investment Advisors LLC raised its holdings in shares of NiCE by 96.9% during the first quarter. Hamilton Point Investment Advisors LLC now owns 59,385 shares of the technology company’s stock valued at $9,155,000 after acquiring an additional 29,221 shares in the last quarter. Finally, Private Management Group Inc. purchased a new stake in NiCE in the first quarter worth $15,098,000. 63.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup boosted their price target on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 14th. DA Davidson decreased their price target on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday. Mizuho cut their price objective on NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of NiCE in a research report on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.54.

NiCE Stock Performance

Shares of NASDAQ NICE opened at $101.63 on Thursday. The company has a 50 day simple moving average of $135.37 and a two-hundred day simple moving average of $149.92. NiCE has a fifty-two week low of $99.12 and a fifty-two week high of $193.52. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.16 and a beta of 0.98.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.01. The company had revenue of $732.00 million for 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%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. On average, 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 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.