Grantham Mayo Van Otterloo & Co. LLC Lowers Holdings in NiCE $NICE

Grantham Mayo Van Otterloo & Co. LLC decreased its position in shares of NiCE (NASDAQ:NICE) by 22.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,387 shares of the technology company’s stock after selling 27,625 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in NiCE were worth $16,281,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Moors & Cabot Inc. raised its position in shares of NiCE by 59.2% in the 1st quarter. Moors & Cabot Inc. now owns 2,946 shares of the technology company’s stock worth $454,000 after acquiring an additional 1,095 shares in the last quarter. Vulcan Value Partners LLC raised its holdings in shares of NiCE by 9.6% in the first quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company’s stock worth $161,340,000 after buying an additional 91,929 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in shares of NiCE in the 1st quarter valued at $4,575,000. Cheviot Value Management LLC purchased a new position in NiCE in the 1st quarter worth $36,000. Finally, Scotia Capital Inc. raised its stake in shares of NiCE by 25.6% in the first quarter. Scotia Capital Inc. now owns 59,364 shares of the technology company’s stock worth $9,152,000 after purchasing an additional 12,114 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NICE shares. Royal Bank Of Canada cut their price objective 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. Citigroup increased their price target on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Jefferies Financial Group reduced their price objective on NiCE from $152.00 to $136.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research note on Tuesday. Finally, DA Davidson dropped their target price on NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NiCE has an average rating of “Moderate Buy” and a consensus target price of $170.54.

NiCE Stock Up 0.9%

NICE stock opened at $106.18 on Friday. NiCE has a 52-week low of $99.00 and a 52-week high of $193.52. The firm has a market cap of $6.72 billion, a P/E ratio of 12.69, a PEG ratio of 1.16 and a beta of 0.98. The company’s 50-day simple moving average is $129.41 and its 200-day simple moving average is $147.23.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.01. The firm had revenue of $732.00 million during 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%.NiCE’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. On average, analysts anticipate that NiCE will post 9.85 earnings per share for the current fiscal 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 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.