3,610 Shares in NiCE $NICE Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC bought a new stake in NiCE (NASDAQ:NICE) during the second quarter, Holdings Channel.com reports. The firm bought 3,610 shares of the technology company’s stock, valued at approximately $610,000.

A number of other hedge funds also recently made changes to their positions in the business. Boston Partners raised its stake in NiCE by 40.7% during the 2nd quarter. Boston Partners now owns 537,049 shares of the technology company’s stock valued at $90,618,000 after acquiring an additional 155,383 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of NiCE during the 2nd quarter valued at $338,000. Allworth Financial LP boosted its position in shares of NiCE by 285.8% in the 2nd quarter. Allworth Financial LP now owns 868 shares of the technology company’s stock valued at $147,000 after purchasing an additional 643 shares during the period. ProShare Advisors LLC boosted its holdings in shares of NiCE by 8.2% in the second quarter. ProShare Advisors LLC now owns 1,831 shares of the technology company’s stock worth $309,000 after buying an additional 138 shares during the period. Finally, Martin Investment Management LLC boosted its stake in NiCE by 12.1% in the 2nd quarter. Martin Investment Management LLC now owns 125,179 shares of the technology company’s stock worth $21,144,000 after purchasing an additional 13,475 shares during the period. Institutional investors own 63.34% of the company’s stock.

NiCE Price Performance

NiCE stock opened at $125.76 on Wednesday. NiCE has a one year low of $122.94 and a one year high of $200.65. The business has a 50 day simple moving average of $137.91 and a 200 day simple moving average of $151.43. The company has a market capitalization of $7.95 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98.

NiCE (NASDAQ:NICE) last posted its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.02. The business had revenue of $726.71 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $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. Equities analysts anticipate that NiCE will post 9.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of NiCE in a research report on Friday, August 15th. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Morgan Stanley set a $193.00 price target on NiCE in a research report on Tuesday, October 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $300.00 price objective on shares of NiCE in a research note on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.25.

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.