TimesSquare Capital Management LLC Sells 3,613 Shares of NiCE $NICE

TimesSquare Capital Management LLC reduced its stake in shares of NiCE (NASDAQ:NICE) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 309,985 shares of the technology company’s stock after selling 3,613 shares during the period. TimesSquare Capital Management LLC owned approximately 0.49% of NiCE worth $52,360,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Verus Capital Partners LLC acquired a new position in NiCE in the 2nd quarter worth $610,000. Boston Partners lifted its holdings in shares of NiCE by 40.7% in the second quarter. Boston Partners now owns 537,049 shares of the technology company’s stock valued at $90,618,000 after purchasing an additional 155,383 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of NiCE during the second quarter worth about $338,000. Allworth Financial LP boosted its position in shares of NiCE by 285.8% during the second quarter. Allworth Financial LP now owns 868 shares of the technology company’s stock worth $147,000 after buying an additional 643 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of NiCE by 8.2% during the second quarter. ProShare Advisors LLC now owns 1,831 shares of the technology company’s stock worth $309,000 after buying an additional 138 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NICE shares. Morgan Stanley set a $193.00 price target on shares of NiCE in a research note on Tuesday, October 21st. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price target on shares of NiCE in a research report on Tuesday, August 26th. Finally, 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 research report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.25.

NiCE Stock Performance

Shares of NICE stock opened at $125.76 on Wednesday. NiCE has a 52 week low of $122.94 and a 52 week high of $200.65. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.16 and a beta of 0.98. The company has a 50-day simple moving average of $137.91 and a 200 day simple moving average of $151.43.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.02. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The firm had revenue of $726.71 million for the quarter, compared to analysts’ expectations of $713.18 million. During the same quarter last year, the business earned $2.64 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. NiCE has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. Sell-side analysts forecast that NiCE will post 9.85 EPS 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 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.