Fox Run Management L.L.C. Invests $1 Million in Nice $NICE

Fox Run Management L.L.C. acquired a new stake in Nice (NASDAQ:NICE) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,942 shares of the technology company’s stock, valued at approximately $1,004,000.

Several other institutional investors have also added to or reduced their stakes in NICE. Alliancebernstein L.P. increased its stake in shares of Nice by 1,125.3% in the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock worth $118,516,000 after purchasing an additional 705,997 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Nice by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock worth $139,989,000 after buying an additional 623,014 shares during the period. Wealthquest Corp bought a new position in Nice in the 1st quarter worth approximately $37,843,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Nice by 12.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock valued at $272,306,000 after buying an additional 193,000 shares in the last quarter. Finally, Swedbank AB raised its holdings in Nice by 136.8% during the 1st quarter. Swedbank AB now owns 333,700 shares of the technology company’s stock valued at $51,447,000 after acquiring an additional 192,800 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price target on shares of Nice in a report on Friday, August 15th. 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. Wall Street Zen raised Nice from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley set a $193.00 price target on Nice in a research report on Tuesday, October 21st. Finally, DA Davidson cut 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 analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $201.25.

Nice Trading Down 1.8%

Shares of NASDAQ NICE opened at $123.99 on Friday. The business has a 50-day moving average of $138.39 and a 200-day moving average of $151.82. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.16 and a beta of 0.98. Nice has a 12 month low of $122.94 and a 12 month high of $200.65.

Nice (NASDAQ:NICE) last announced its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $713.18 million. During the same period in the previous year, the business posted $2.64 earnings per share. Nice’s revenue for the quarter 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. On average, analysts predict 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.