Freedom Investment Management Inc. Purchases Shares of 3,711 Nice $NICE

Freedom Investment Management Inc. purchased a new stake in shares of Nice (NASDAQ:NICE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,711 shares of the technology company’s stock, valued at approximately $572,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in Nice during the fourth quarter valued at approximately $25,000. McIlrath & Eck LLC lifted its position in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. NBC Securities Inc. acquired a new position in Nice during the 1st quarter worth approximately $34,000. Cheviot Value Management LLC acquired a new position in Nice during the 1st quarter worth approximately $36,000. Finally, Accredited Wealth Management LLC acquired a new position in Nice during the 4th quarter worth approximately $38,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on NICE shares. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Nice in a research report on Friday, June 20th. JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of Nice in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of Nice in a research report on Friday, August 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Nice in a research report on Wednesday, June 18th. Finally, DA Davidson reduced their price target on Nice from $195.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nice presently has a consensus rating of “Moderate Buy” and an average price target of $205.25.

Nice Stock Down 1.4%

Shares of NICE opened at $138.64 on Wednesday. The business’s 50 day moving average is $155.80 and its two-hundred day moving average is $157.40. Nice has a 52-week low of $127.00 and a 52-week high of $200.65. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.22 and a beta of 0.98.

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 analysts’ consensus estimates of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The company had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same period in the prior year, the company posted $2.64 EPS. Nice’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. On average, equities analysts expect that Nice will post 9.85 earnings per share for the current fiscal 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.