Cantor Fitzgerald Has Weak Forecast for NICE FY2025 Earnings

NICE Ltd. (NASDAQ:NICE - Free Report) - Investment analysts at Cantor Fitzgerald dropped their FY2025 EPS estimates for NICE in a report released 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 prior estimate of $9.96. Cantor Fitzgerald currently has a "Neutral" rating and a $161.00 price target on the stock. The consensus estimate for NICE's current full-year earnings is $9.85 per share.

NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million.

Other analysts have also issued research reports about the company. Barclays decreased their price target on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Northland Securities reduced their target price on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, November 15th. Piper Sandler restated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Finally, Oppenheimer downgraded shares of NICE from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $231.64.

NICE Stock Performance

NICE stock traded down $1.90 during midday trading on Monday, reaching $142.99. 889,430 shares of the company traded hands, compared to its average volume of 653,817. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 1.07 and a beta of 1.06. The business has a 50 day moving average of $168.07 and a 200-day moving average of $172.70. NICE has a 52-week low of $142.77 and a 52-week high of $270.73.

Hedge Funds Weigh In On NICE

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning lifted its stake in NICE by 2.9% in the third quarter. Creative Planning now owns 7,608 shares of the technology company's stock worth $1,321,000 after acquiring an additional 217 shares during the period. Blue Trust Inc. raised its holdings in shares of NICE by 19.2% in the 3rd quarter. Blue Trust Inc. now owns 1,016 shares of the technology company's stock valued at $175,000 after purchasing an additional 164 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after purchasing an additional 91 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of NICE by 52.2% during the third quarter. Sequoia Financial Advisors LLC now owns 1,829 shares of the technology company's stock valued at $318,000 after purchasing an additional 627 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in NICE during the third quarter valued at approximately $3,348,000. Institutional investors own 63.34% of the company's stock.

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.