Milford Funds Ltd. Invests $7.55 Million in NiCE $NICE

Milford Funds Ltd. acquired a new position in shares of NiCE (NASDAQ:NICE) in the 4th quarter, Holdings Channel reports. The fund acquired 66,797 shares of the technology company’s stock, valued at approximately $7,551,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NiCE by 9.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 669,084 shares of the technology company’s stock worth $75,633,000 after buying an additional 57,129 shares during the period. Wells Fargo & Company MN lifted its stake in shares of NiCE by 46.5% during the fourth quarter. Wells Fargo & Company MN now owns 98,319 shares of the technology company’s stock worth $11,114,000 after buying an additional 31,228 shares during the period. Brooklyn Investment Group lifted its stake in shares of NiCE by 166.1% during the fourth quarter. Brooklyn Investment Group now owns 5,213 shares of the technology company’s stock worth $589,000 after buying an additional 3,254 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of NiCE by 179.3% during the fourth quarter. Orion Porfolio Solutions LLC now owns 4,517 shares of the technology company’s stock worth $511,000 after buying an additional 2,900 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of NiCE by 58.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 64,260 shares of the technology company’s stock worth $7,264,000 after buying an additional 23,646 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NICE shares. Zacks Research upgraded shares of NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Wedbush decreased their target price on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Citizens Jmp decreased their target price on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $155.00 target price on shares of NiCE in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.83.

NiCE Price Performance

NASDAQ NICE opened at $88.71 on Friday. The company has a market capitalization of $5.18 billion, a PE ratio of 10.52, a P/E/G ratio of 0.91 and a beta of 0.78. The company has a fifty day moving average of $98.22 and a 200 day moving average of $107.36. NiCE has a 1 year low of $84.38 and a 1 year high of $175.00.

NiCE (NASDAQ:NICE) last posted its earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (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 the consensus estimate of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.87 earnings per share. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. Research analysts expect that NiCE will post 9.08 earnings per share for the current year.

NiCE declared that its Board of Directors has authorized a share repurchase program on Thursday, February 19th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the technology company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.