Wall Street Zen Downgrades Nice (NASDAQ:NICE) to Hold

Nice (NASDAQ:NICE) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts have also recently issued reports on NICE. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of Nice in a research report on Friday, August 15th. Morgan Stanley cut their price target on shares of Nice from $202.00 to $193.00 and set an “overweight” rating for the company in a report on Friday, August 15th. DA Davidson reduced their price objective 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. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Nice in a research report on Friday, June 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $152.00 target price on shares of Nice in a report on Sunday, October 12th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.25.

Nice Trading Up 1.2%

Shares of NICE opened at $129.88 on Friday. Nice has a twelve month low of $126.66 and a twelve month high of $200.65. The stock’s 50 day moving average is $140.51 and its two-hundred day moving average is $153.52. The firm has a market capitalization of $8.21 billion, a PE ratio of 15.52, a P/E/G ratio of 1.12 and a beta of 0.96.

Nice (NASDAQ:NICE) last issued its 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. The business had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.64 EPS. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. On average, sell-side analysts predict that Nice will post 9.85 EPS for the current year.

Institutional Trading of Nice

Several institutional investors and hedge funds have recently modified their holdings of NICE. Alliancebernstein L.P. lifted its holdings in Nice by 1,125.3% in the 1st 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 in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Nice by 116.1% during the second 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Nice in the first quarter valued at approximately $98,485,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Nice by 218.6% during the first 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 period. Finally, Wealthquest Corp purchased a new position in shares of Nice during the first quarter valued at approximately $37,843,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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.