Nice $NICE is Phoenix Financial Ltd.’s 8th Largest Position

Phoenix Financial Ltd. lowered its holdings in Nice (NASDAQ:NICE) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,179,600 shares of the technology company’s stock after selling 222,938 shares during the period. Nice makes up 2.8% of Phoenix Financial Ltd.’s portfolio, making the stock its 8th biggest position. Phoenix Financial Ltd.’s holdings in Nice were worth $209,725,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of Nice by 14.1% in the first quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock valued at $106,628,000 after purchasing an additional 85,286 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Nice by 56.0% during the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock worth $1,540,000 after acquiring an additional 3,584 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of Nice during the first quarter worth $513,000. Townsquare Capital LLC raised its holdings in shares of Nice by 1,518.4% during the first 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 in the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of Nice by 17.2% during the first quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock worth $1,832,000 after acquiring an additional 1,746 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NICE shares. JMP Securities reiterated a “market outperform” rating and set a $300.00 price objective on shares of Nice in a report on Tuesday, August 26th. DA Davidson cut their price objective on Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Wall Street Zen lowered Nice from a “buy” rating to a “hold” rating in a report on Saturday. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price objective on shares of Nice in a report on Friday, August 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Nice in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.25.

Nice Price Performance

Nice stock opened at $132.21 on Tuesday. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.12 and a beta of 0.96. Nice has a one year low of $126.66 and a one year high of $200.65. The company’s fifty day moving average price is $140.26 and its two-hundred day moving average price is $153.46.

Nice (NASDAQ:NICE) last posted its earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate 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 net margin of 18.92% and a return on equity of 17.43%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $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, sell-side analysts anticipate that Nice will post 9.85 earnings per share for the current 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 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.