Menora Mivtachim Holdings LTD. Sells 20,768 Shares of NiCE $NICE

Menora Mivtachim Holdings LTD. lowered its position in shares of NiCE (NASDAQ:NICE) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,639,269 shares of the technology company’s stock after selling 20,768 shares during the quarter. NiCE accounts for approximately 1.2% of Menora Mivtachim Holdings LTD.’s investment portfolio, making the stock its 25th biggest holding. Menora Mivtachim Holdings LTD. owned 2.59% of NiCE worth $237,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NICE. Lazard Asset Management LLC grew its holdings in shares of NiCE by 116.1% in the second quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after acquiring an additional 659,170 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in NiCE by 36.5% during the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock worth $122,429,000 after acquiring an additional 225,936 shares during the period. Boston Partners lifted its holdings in NiCE by 41.2% during the second quarter. Boston Partners now owns 538,985 shares of the technology company’s stock worth $90,945,000 after acquiring an additional 157,319 shares during the period. Goldman Sachs Group Inc. boosted its position in NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after purchasing an additional 103,342 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in NiCE by 36.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 336,887 shares of the technology company’s stock worth $56,904,000 after purchasing an additional 90,054 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Trading Down 1.6%

Shares of NiCE stock opened at $118.36 on Friday. The company’s 50-day moving average price is $113.96 and its 200-day moving average price is $122.56. NiCE has a 12-month low of $94.65 and a 12-month high of $180.61. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.40 and a beta of 0.95.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 19th. The technology company reported $3.24 EPS for the quarter, beating the consensus estimate of $3.23 by $0.01. The company had revenue of $786.50 million during the quarter, compared to analysts’ expectations of $779.95 million. NiCE had a net margin of 20.78% and a return on equity of 18.26%. NiCE’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.02 earnings per share. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. On average, sell-side analysts predict that NiCE will post 9.85 earnings per share for the current year.

NiCE declared that its board has authorized a stock repurchase program on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

NICE has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research report on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a report on Thursday, February 19th. DA Davidson reduced their price target on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Royal Bank Of Canada decreased their price objective on shares of NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Zacks Research raised shares of NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.83.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.