Spectrum Asset Management Inc. NB CA Makes New $280,000 Investment in Nice $NICE

Spectrum Asset Management Inc. NB CA bought a new stake in shares of Nice (NASDAQ:NICE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,655 shares of the technology company’s stock, valued at approximately $280,000.

Several other hedge funds have also recently modified their holdings of the business. Aurora Investment Counsel boosted its stake in shares of Nice by 0.8% during the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock valued at $1,859,000 after purchasing an additional 96 shares in the last quarter. Investors Research Corp lifted its holdings in Nice by 4.2% during the second quarter. Investors Research Corp now owns 2,486 shares of the technology company’s stock worth $420,000 after buying an additional 100 shares during the period. BTC Capital Management Inc. boosted its position in Nice by 1.5% during the 2nd quarter. BTC Capital Management Inc. now owns 8,539 shares of the technology company’s stock valued at $1,442,000 after acquiring an additional 123 shares in the last quarter. Tlwm increased its holdings in shares of Nice by 4.1% in the 1st quarter. Tlwm now owns 3,658 shares of the technology company’s stock valued at $564,000 after acquiring an additional 144 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Nice by 4.1% in the 1st quarter. Rhumbline Advisers now owns 3,892 shares of the technology company’s stock worth $600,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Nice Trading Down 2.1%

NASDAQ:NICE opened at $135.15 on Wednesday. Nice has a twelve month low of $127.00 and a twelve month high of $200.65. The company has a market cap of $8.55 billion, a PE ratio of 16.15, a P/E/G ratio of 1.19 and a beta of 0.96. The company’s 50 day moving average is $143.90 and its two-hundred day moving average is $154.86.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $2.64 earnings per share. The business’s quarterly 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, analysts expect that Nice will post 9.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on NICE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nice in a research note on Saturday, September 27th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Piper Sandler reissued a “neutral” rating and set a $182.00 target price (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. DA Davidson lowered their target price on shares of Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nice presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.25.

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.