Fisher Asset Management LLC Decreases Stock Holdings in NiCE $NICE

Fisher Asset Management LLC cut its stake in NiCE (NASDAQ:NICE) by 39.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,332 shares of the technology company’s stock after selling 18,244 shares during the period. Fisher Asset Management LLC’s holdings in NiCE were worth $4,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in NICE. Deutsche Bank AG boosted its stake in NiCE by 14.1% during the first quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after buying an additional 85,286 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of NiCE by 63.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,073 shares of the technology company’s stock worth $936,000 after acquiring an additional 2,365 shares during the period. Townsquare Capital LLC raised its holdings in shares of NiCE by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after acquiring an additional 24,446 shares during the period. Tlwm boosted its position in shares of NiCE by 4.1% during the 1st quarter. Tlwm now owns 3,658 shares of the technology company’s stock valued at $564,000 after acquiring an additional 144 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of NiCE by 40.9% in the first quarter. Neuberger Berman Group LLC now owns 639,685 shares of the technology company’s stock valued at $98,620,000 after purchasing an additional 185,716 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

NICE has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their target price on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JMP Securities set a $200.00 price objective on NiCE in a report on Friday, November 14th. Cantor Fitzgerald cut their target price on NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Finally, Barclays reduced their target price on NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.54.

NiCE Trading Up 1.4%

NICE stock opened at $107.67 on Friday. The business’s fifty day moving average price is $126.04 and its 200 day moving average price is $145.62. NiCE has a 12-month low of $99.00 and a 12-month high of $193.52. The company has a market capitalization of $6.81 billion, a PE ratio of 12.24, a P/E/G ratio of 1.45 and a beta of 1.01.

NiCE (NASDAQ:NICE) last announced its earnings results on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.01. The company had revenue of $732.00 million during the quarter, compared to analysts’ expectations of $728.07 million. NiCE had a return on equity of 17.71% and a net margin of 19.48%.NiCE’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Research analysts predict that NiCE will post 9.85 EPS for the current fiscal year.

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.