Strs Ohio Sells 13,500 Shares of Nice $NICE

Strs Ohio lowered its holdings in shares of Nice (NASDAQ:NICE) by 31.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 29,750 shares of the technology company’s stock after selling 13,500 shares during the period. Strs Ohio’s holdings in Nice were worth $5,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG lifted its stake 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 worth $106,628,000 after buying an additional 85,286 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Nice by 56.0% in the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock worth $1,540,000 after buying an additional 3,584 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Nice in the first quarter worth approximately $513,000. Townsquare Capital LLC lifted its stake in shares of Nice by 1,518.4% in the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after buying an additional 24,446 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in shares of Nice by 17.2% in the first quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock worth $1,832,000 after buying an additional 1,746 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NICE shares. DA Davidson decreased their price objective on shares of Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of Nice in a report on Tuesday, August 26th. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price objective on shares of Nice in a report on Friday, August 15th. Weiss Ratings cut shares of Nice from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $152.00 price objective on shares of Nice in a report on Sunday, October 12th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.25.

Nice Trading Up 0.8%

Shares of NICE stock opened at $136.66 on Monday. Nice has a 12 month low of $126.66 and a 12 month high of $200.65. The stock has a market cap of $8.64 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.16 and a beta of 0.96. The company has a 50 day simple moving average of $139.56 and a two-hundred day simple moving average of $152.50.

Nice (NASDAQ:NICE) last announced its earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.02. Nice had a net margin of 18.92% and a return on equity of 17.43%. The business had revenue of $726.71 million during the quarter, compared to analysts’ expectations of $713.18 million. During the same period in the prior year, the company earned $2.64 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. 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, equities analysts forecast that Nice will post 9.85 earnings per share for the current year.

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.