Nice (NASDAQ:NICE) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a research report released on Saturday morning.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price target on shares of Nice in a research note on Friday, August 15th. Weiss Ratings lowered Nice from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Morgan Stanley set a $193.00 price target on Nice in a research note on Tuesday, October 21st. DA Davidson lowered their price target on Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $152.00 price objective on shares of Nice in a report on Sunday, October 12th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nice presently has an average rating of “Moderate Buy” and an average target price of $201.25.

Nice Stock Down 1.8%

Shares of NICE traded down $2.32 during trading hours on Friday, reaching $123.99. The company’s stock had a trading volume of 620,055 shares, compared to its average volume of 560,641. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.16 and a beta of 0.98. Nice has a 1-year low of $122.94 and a 1-year high of $200.65. The company has a 50 day moving average of $138.39 and a two-hundred day moving average of $151.82.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.99 by $0.02. The business had revenue of $726.71 million during the quarter, compared to analysts’ expectations of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $2.64 earnings per share. 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 forecast that Nice will post 9.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Nice

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its holdings in Nice by 1,125.3% during the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock valued at $118,516,000 after purchasing an additional 705,997 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Nice by 116.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock worth $207,238,000 after buying an additional 659,170 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 valued at $139,989,000 after buying an additional 623,014 shares during the last quarter. Wealthquest Corp bought a new position in Nice in the 1st quarter worth $37,843,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Nice by 12.3% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock worth $272,306,000 after acquiring an additional 193,000 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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 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.