Neuberger Berman Group LLC Sells 20,001 Shares of NiCE $NICE

Neuberger Berman Group LLC reduced its position in NiCE (NASDAQ:NICE) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 619,684 shares of the technology company’s stock after selling 20,001 shares during the period. Neuberger Berman Group LLC’s holdings in NiCE were worth $104,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NICE. Richardson Financial Services Inc. increased its position in NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after purchasing an additional 99 shares during the period. Cheviot Value Management LLC bought a new stake in shares of NiCE in the 1st quarter valued at about $36,000. Atlantic Union Bankshares Corp bought a new stake in shares of NiCE in the 2nd quarter valued at about $60,000. Legal & General Group Plc purchased a new position in shares of NiCE in the 2nd quarter worth approximately $65,000. Finally, Hantz Financial Services Inc. raised its stake in shares of NiCE by 1,388.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after acquiring an additional 375 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

NiCE Stock Up 1.7%

NiCE stock opened at $105.23 on Friday. The stock has a 50-day moving average price of $130.35 and a 200 day moving average price of $147.63. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. NiCE has a 52 week low of $99.00 and a 52 week high of $193.52.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.01. NiCE had a net margin of 18.92% and a return on equity of 17.43%. The company had revenue of $732.00 million during the quarter, compared to analyst estimates of $728.07 million. During the same period last year, the firm posted $2.88 EPS. NiCE’s revenue for the quarter was up 6.1% compared to the same quarter last year. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Research analysts anticipate that NiCE will post 9.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Morgan Stanley decreased their price objective on NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research note on Tuesday. DA Davidson reduced their target price on NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, Barclays decreased their price target on NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.54.

NiCE 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 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.