Clear Creek Financial Management LLC Decreases Stock Holdings in Nice $NICE

Clear Creek Financial Management LLC decreased its holdings in shares of Nice (NASDAQ:NICE) by 2.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,473 shares of the technology company’s stock after selling 150 shares during the period. Clear Creek Financial Management LLC’s holdings in Nice were worth $924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NICE. GAMMA Investing LLC lifted its holdings in Nice by 2,938.4% in the 1st quarter. GAMMA Investing LLC now owns 12,488 shares of the technology company’s stock valued at $1,925,000 after purchasing an additional 12,077 shares in the last quarter. Rhumbline Advisers lifted its holdings in Nice by 4.1% in the 1st quarter. Rhumbline Advisers now owns 3,892 shares of the technology company’s stock valued at $600,000 after purchasing an additional 152 shares in the last quarter. NBC Securities Inc. purchased a new position in Nice in the 1st quarter valued at $34,000. NorthCrest Asset Manangement LLC lifted its holdings in Nice by 0.8% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 44,474 shares of the technology company’s stock valued at $6,857,000 after purchasing an additional 345 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Nice by 45.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,988 shares of the technology company’s stock valued at $1,077,000 after purchasing an additional 2,172 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NICE. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of Nice in a report on Friday, August 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Nice in a research note on Tuesday, August 26th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Finally, DA Davidson cut their target price on Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.25.

Nice Trading Down 0.4%

Shares of NASDAQ:NICE opened at $137.68 on Friday. The business has a 50-day moving average price of $143.08 and a 200 day moving average price of $154.61. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.20 and a beta of 0.96. Nice has a 12-month low of $127.00 and a 12-month high of $200.65.

Nice (NASDAQ:NICE) last issued its quarterly earnings data 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 firm 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts predict that Nice will post 9.85 earnings per share for the current fiscal year.

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 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.