Parnassus Investments LLC Acquires 56,003 Shares of NiCE $NICE

Parnassus Investments LLC lifted its holdings in NiCE (NASDAQ:NICE) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,909 shares of the technology company’s stock after buying an additional 56,003 shares during the quarter. Parnassus Investments LLC owned about 0.83% of NiCE worth $59,336,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of NiCE in the second quarter valued at about $40,000. Manchester Capital Management LLC bought a new position in shares of NiCE in the fourth quarter valued at about $39,000. Legal & General Group Plc bought a new position in shares of NiCE in the second quarter valued at about $65,000. Transamerica Financial Advisors LLC raised its holdings in shares of NiCE by 115.6% in the second quarter. Transamerica Financial Advisors LLC now owns 951 shares of the technology company’s stock valued at $161,000 after buying an additional 510 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of NiCE in the fourth quarter valued at about $146,000. 63.34% of the stock is owned by institutional investors.

NiCE Trading Down 0.3%

Shares of NASDAQ:NICE opened at $88.08 on Friday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.91 and a beta of 0.78. The business has a 50-day moving average price of $98.65 and a two-hundred day moving average price of $107.49. NiCE has a 1-year low of $84.38 and a 1-year high of $175.14.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. The company had revenue of $768.62 million during the quarter, compared to analysts’ expectations of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.NiCE’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts predict that NiCE will post 9.08 EPS for the current year.

NiCE announced that its Board of Directors has approved a share 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 purchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NICE. Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley dropped their price objective on NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Piper Sandler reissued a “neutral” rating and set a $124.00 price objective on shares of NiCE in a report on Monday, February 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a report on Friday, March 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $155.00 price objective on shares of NiCE in a report on Wednesday. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.83.

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.