NiCE (NASDAQ:NICE) Releases Earnings Results, Beats Expectations By $0.01 EPS

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

NiCE Stock Up 1.1%

Shares of NASDAQ:NICE traded up $1.40 during midday trading on Friday, reaching $133.38. The company had a trading volume of 1,411,830 shares, compared to its average volume of 574,545. NiCE has a 1-year low of $122.94 and a 1-year high of $193.52. The stock has a market cap of $8.44 billion, a PE ratio of 15.94, a P/E/G ratio of 1.16 and a beta of 0.98. The business’s 50 day moving average price is $137.37 and its 200 day moving average price is $150.95.

Institutional Investors Weigh In On NiCE

A number of institutional investors and hedge funds have recently made changes to their positions in NICE. Tower Research Capital LLC TRC acquired a new stake in NiCE in the 2nd quarter worth about $40,000. Legal & General Group Plc acquired a new stake in shares of NiCE in the second quarter valued at approximately $65,000. Transamerica Financial Advisors LLC boosted its stake in shares of NiCE by 115.6% in the second quarter. Transamerica Financial Advisors LLC now owns 951 shares of the technology company’s stock valued at $161,000 after buying an additional 510 shares during the period. Perissos Private Wealth Management LLC acquired a new stake in NiCE during the third quarter worth approximately $203,000. Finally, AQR Capital Management LLC acquired a new stake in NiCE during the first quarter worth approximately $226,000. Institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NICE shares. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley set a $193.00 target price on NiCE in a research note on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of NiCE in a research note on Thursday. DA Davidson set a $150.00 price objective on NiCE in a report on Friday. Finally, Citizens Jmp decreased their price objective on NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.46.

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.