Private Management Group Inc. Purchases 64,958 Shares of NiCE $NICE

Private Management Group Inc. grew its position in shares of NiCE (NASDAQ:NICE) by 66.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,541 shares of the technology company’s stock after purchasing an additional 64,958 shares during the quarter. Private Management Group Inc.’s holdings in NiCE were worth $23,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake 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 buying an additional 659,170 shares during the period. Neuberger Berman Group LLC boosted its position in NiCE by 36.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock worth $122,429,000 after buying an additional 225,936 shares during the period. Boston Partners grew its holdings in NiCE by 41.2% during the 2nd 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 last quarter. Goldman Sachs Group Inc. grew its holdings in NiCE by 81.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after acquiring an additional 103,342 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in NiCE by 36.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 336,887 shares of the technology company’s stock valued at $56,904,000 after acquiring an additional 90,054 shares during the period. 63.34% of the stock is currently owned by institutional investors.

NiCE Stock Performance

NiCE stock opened at $117.39 on Friday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.38 and a beta of 0.95. NiCE has a 52-week low of $94.65 and a 52-week high of $180.61. The firm has a 50 day moving average price of $114.07 and a two-hundred day moving average price of $122.40.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 19th. The technology company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.01. NiCE had a net margin of 20.78% and a return on equity of 18.26%. The company had revenue of $786.50 million for the quarter, compared to analyst estimates of $779.95 million. During the same period in the prior year, the firm posted $3.02 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. As a group, equities research analysts predict that NiCE will post 9.85 EPS for the current fiscal year.

NiCE announced that its Board of Directors has approved a share buyback plan on Thursday, February 19th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 9.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on NICE. Piper Sandler reaffirmed a “neutral” rating and set a $124.00 price target on shares of NiCE in a research note on Monday, February 23rd. Barclays reduced their price objective on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. DA Davidson decreased their price objective on NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Finally, Mizuho cut their target price on NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $151.83.

About NiCE

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.