Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in NiCE $NICE

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of NiCE (NASDAQ:NICE) by 154.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,880 shares of the technology company’s stock after purchasing an additional 10,243 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NiCE were worth $1,889,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bronte Capital Management Pty Ltd. purchased a new position in NiCE during the fourth quarter worth approximately $2,297,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in NiCE by 36.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 880,059 shares of the technology company’s stock worth $99,482,000 after purchasing an additional 233,080 shares in the last quarter. QRG Capital Management Inc. boosted its position in NiCE by 27.9% during the fourth quarter. QRG Capital Management Inc. now owns 8,212 shares of the technology company’s stock worth $928,000 after purchasing an additional 1,790 shares in the last quarter. Truist Financial Corp boosted its position in NiCE by 60.7% during the fourth quarter. Truist Financial Corp now owns 13,654 shares of the technology company’s stock worth $1,543,000 after purchasing an additional 5,157 shares in the last quarter. Finally, One Wealth Advisors LLC boosted its position in NiCE by 151.3% during the fourth quarter. One Wealth Advisors LLC now owns 5,073 shares of the technology company’s stock worth $573,000 after purchasing an additional 3,054 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Stock Performance

NASDAQ:NICE opened at $91.39 on Tuesday. NiCE has a one year low of $89.03 and a one year high of $180.61. The stock has a market cap of $5.52 billion, a PE ratio of 10.84, a P/E/G ratio of 1.08 and a beta of 0.82. The stock has a 50 day moving average price of $110.43 and a 200 day moving average price of $112.96.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.52 by $0.12. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The firm had revenue of $768.62 million during the quarter, compared to analysts’ expectations of $760.94 million. During the same quarter last year, the firm earned $2.87 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. As a group, analysts predict that NiCE will post 8.92 earnings per share for the current fiscal year.

NiCE announced that its board has approved a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NICE. Piper Sandler reiterated a “neutral” rating and set a $124.00 price target on shares of NiCE in a research report on Monday, February 23rd. Rosenblatt Securities reissued a “buy” rating and set a $155.00 target price on shares of NiCE in a report on Friday, February 20th. Wedbush reissued a “neutral” rating and set a $120.00 target price on shares of NiCE in a report on Friday, February 20th. Citigroup reduced their target price on NiCE from $119.00 to $100.00 and set a “neutral” rating for the company in a report on Friday. Finally, Citizens Jmp reduced their target price on NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NiCE presently has a consensus rating of “Hold” and a consensus price target of $136.92.

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.