NiCE (NASDAQ:NICE) Hits New 52-Week Low – Should You Sell?

NiCE (NASDAQ:NICE) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $83.10 and last traded at $83.2690, with a volume of 768211 shares trading hands. The stock had previously closed at $87.23.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NICE shares. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 price target on shares of NiCE in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Citigroup reiterated a “market outperform” rating on shares of NiCE in a report on Thursday, June 11th. Finally, Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.17.

NiCE Price Performance

The firm’s 50 day moving average price is $96.02 and its 200-day moving average price is $106.82. The stock has a market cap of $4.95 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.86 and a beta of 0.78.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.12. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The company had revenue of $768.62 million during the quarter, compared to the consensus estimate of $760.94 million. During the same quarter last year, the firm earned $2.87 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. 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, analysts expect that NiCE will post 9.08 earnings per share for the current year.

NiCE announced that its board has approved a share buyback program on Thursday, February 19th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the technology company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in NiCE by 50.4% in the 1st quarter. Parallel Advisors LLC now owns 2,092 shares of the technology company’s stock worth $231,000 after buying an additional 701 shares in the last quarter. Summitry LLC lifted its stake in NiCE by 5.6% during the 1st quarter. Summitry LLC now owns 4,081 shares of the technology company’s stock valued at $450,000 after acquiring an additional 215 shares during the period. Western Wealth Management LLC purchased a new stake in shares of NiCE during the 1st quarter valued at about $44,000. Bank of America Corp DE boosted its holdings in shares of NiCE by 27.8% during the 1st quarter. Bank of America Corp DE now owns 173,896 shares of the technology company’s stock valued at $19,174,000 after acquiring an additional 37,865 shares during the last quarter. Finally, Altshuler Shaham Ltd grew its stake in shares of NiCE by 104.4% in the first quarter. Altshuler Shaham Ltd now owns 22,556 shares of the technology company’s stock worth $2,472,000 after acquiring an additional 11,521 shares during the period. 63.34% of the stock is owned by institutional investors.

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.