Moors & Cabot Inc. Has $390,000 Stock Holdings in Nice $NICE

Moors & Cabot Inc. reduced its stake in Nice (NASDAQ:NICE) by 21.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,311 shares of the technology company’s stock after selling 635 shares during the quarter. Moors & Cabot Inc.’s holdings in Nice were worth $390,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in Nice by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after buying an additional 65,420 shares in the last quarter. Vulcan Value Partners LLC grew its stake in Nice by 9.6% in the first quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company’s stock valued at $161,340,000 after acquiring an additional 91,929 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Nice by 218.6% in 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 acquiring an additional 623,014 shares during the period. RGM Capital LLC increased its holdings in shares of Nice by 8.6% during the first quarter. RGM Capital LLC now owns 826,660 shares of the technology company’s stock valued at $127,446,000 after acquiring an additional 65,538 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Nice by 1,125.3% during the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock worth $118,516,000 after purchasing an additional 705,997 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NICE has been the subject of several research reports. Morgan Stanley set a $193.00 price target on shares of Nice in a research report on Tuesday, October 21st. Weiss Ratings cut shares of Nice from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. DA Davidson decreased their target price on shares of Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of Nice in a research report on Tuesday, August 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $152.00 price target on shares of Nice in a research note on Sunday, October 12th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.25.

Nice Price Performance

Shares of NICE stock opened at $123.99 on Friday. The firm has a 50-day moving average of $138.39 and a 200-day moving average of $151.82. Nice has a one year low of $122.94 and a one year high of $200.65. The company has a market cap of $7.84 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.16 and a beta of 0.98.

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 business had revenue of $726.71 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm 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. As a group, research analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

Nice Company 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.