Vise Technologies Inc. Invests $338,000 in NiCE $NICE

Vise Technologies Inc. bought a new stake in shares of NiCE (NASDAQ:NICE) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,003 shares of the technology company’s stock, valued at approximately $338,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its holdings in 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 buying an additional 85,286 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of NiCE by 56.0% during the 1st 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. Townsquare Capital LLC grew its position 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 valued at $4,017,000 after acquiring an additional 24,446 shares during the period. ARK Investment Management LLC increased its stake in shares of NiCE by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock valued at $1,832,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in NiCE by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock worth $309,389,000 after purchasing an additional 65,420 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Stock Performance

Shares of NiCE stock opened at $133.38 on Monday. The stock has a 50 day moving average of $137.37 and a 200 day moving average of $150.87. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.16 and a beta of 0.98. NiCE has a fifty-two week low of $122.94 and a fifty-two week high of $193.52.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, beating the consensus estimate of $3.17 by $0.01. The business had revenue of $732.00 million for the quarter, compared to analyst estimates of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Analysts forecast that NiCE will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of recent analyst reports. Morgan Stanley set a $193.00 price objective on NiCE in a research report on Tuesday, October 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a $152.00 price objective on shares of NiCE in a report on Sunday, October 12th. DA Davidson set a $150.00 target price on shares of NiCE in a research note on Friday. Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of NiCE in a research report on Friday, August 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of NiCE in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

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.