NiCE (NASDAQ:NICE) Given Consensus Rating of “Hold” by Brokerages

NiCE (NASDAQ:NICE) has been given an average rating of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $136.9167.

NICE has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their target price on NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Wedbush reaffirmed a “neutral” rating and set a $120.00 price target on shares of NiCE in a research report on Friday, February 20th. Citizens Jmp decreased their price target on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research note on Thursday, May 7th. Piper Sandler reiterated a “neutral” rating and issued a $124.00 price objective on shares of NiCE in a report on Monday, February 23rd. Finally, Zacks Research raised shares of NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th.

Hedge Funds Weigh In On NiCE

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of NiCE by 1,637.6% in the first quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock valued at $504,874,000 after acquiring an additional 4,315,414 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in NiCE by 2.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock valued at $400,884,000 after purchasing an additional 73,083 shares during the last quarter. FIL Ltd boosted its position in NiCE by 0.7% during the fourth quarter. FIL Ltd now owns 1,732,137 shares of the technology company’s stock valued at $195,801,000 after purchasing an additional 11,433 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in NiCE by 0.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,646,690 shares of the technology company’s stock valued at $186,142,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of NiCE by 22.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,256,752 shares of the technology company’s stock worth $142,063,000 after purchasing an additional 227,631 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NiCE Stock Performance

NICE opened at $93.14 on Wednesday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.96 and a beta of 0.78. NiCE has a 12 month low of $84.38 and a 12 month high of $180.61. The firm’s fifty day simple moving average is $100.26 and its 200 day simple moving average is $107.88.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.12. The firm had revenue of $768.62 million for the quarter, compared to the consensus estimate of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $2.87 EPS. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. On average, equities research analysts predict that NiCE will post 9.08 EPS for the current fiscal year.

NiCE announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.