NiCE (NASDAQ:NICE) Issues Earnings Results, Beats Estimates By $0.01 EPS

NiCE (NASDAQ:NICE) released its earnings results on Thursday. The technology company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.01, Briefing.com reports. The firm had revenue of $732.00 million during the quarter, compared to analysts’ expectations of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.88 EPS. NiCE updated its FY 2025 guidance to 12.180-12.320 EPS.

NiCE Stock Performance

Shares of NASDAQ NICE traded up $1.40 during trading hours on Friday, reaching $133.38. 1,411,830 shares of the stock were exchanged, compared to its average volume of 574,545. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.16 and a beta of 0.98. The stock’s fifty day simple moving average is $137.37 and its 200 day simple moving average is $150.95. NiCE has a 52 week low of $122.94 and a 52 week high of $193.52.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of NiCE in the second quarter valued at about $40,000. Legal & General Group Plc bought a new stake in NiCE in the 2nd quarter valued at about $65,000. Transamerica Financial Advisors LLC grew its position in shares of NiCE by 115.6% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 951 shares of the technology company’s stock worth $161,000 after purchasing an additional 510 shares in the last quarter. Perissos Private Wealth Management LLC bought a new position in shares of NiCE during the third quarter worth approximately $203,000. Finally, AQR Capital Management LLC acquired a new stake in shares of NiCE in the first quarter valued at approximately $226,000. Institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NICE. Morgan Stanley set a $193.00 price objective on NiCE in a report on Tuesday, October 21st. JMP Securities set a $200.00 price objective on shares of NiCE in a report on Friday. Jefferies Financial Group reiterated a “hold” rating and set a $152.00 price target on shares of NiCE in a report on Sunday, October 12th. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, DA Davidson set a $150.00 price objective on NiCE in a research report on Friday. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, NiCE presently has an average rating of “Moderate Buy” and an average target price of $188.75.

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 enables 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.