FY2025 EPS Estimates for NICE Decreased by Cantor Fitzgerald

NICE Ltd. (NASDAQ:NICE) – Analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for NICE in a research report issued to clients and investors on Friday, February 21st. Cantor Fitzgerald analyst T. Blakey now expects that the technology company will earn $9.90 per share for the year, down from their previous forecast of $9.96. Cantor Fitzgerald has a “Neutral” rating and a $161.00 price objective on the stock. The consensus estimate for NICE’s current full-year earnings is $9.85 per share.

A number of other research analysts have also weighed in on NICE. DA Davidson cut their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Northland Securities decreased their target price on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Citigroup dropped their price target on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada dropped their target price on shares of NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Stock Down 5.9 %

NASDAQ:NICE opened at $151.56 on Monday. The company’s 50 day moving average is $168.81 and its 200-day moving average is $172.89. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.07 and a beta of 1.06. NICE has a 12 month low of $147.38 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million.

Hedge Funds Weigh In On NICE

Institutional investors have recently bought and sold shares of the business. Bruni J V & Co. Co. acquired a new stake in shares of NICE during the 3rd quarter worth about $22,849,000. Asset Management One Co. Ltd. raised its holdings in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 5,629 shares during the period. Clear Creek Financial Management LLC lifted its position in NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock worth $731,000 after acquiring an additional 2,219 shares during the last quarter. Kopion Asset Management LLC bought a new stake in shares of NICE during the fourth quarter worth approximately $7,433,000. Finally, Parnassus Investments LLC grew its position in shares of NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after purchasing an additional 7,635 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

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 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.