NiCE (NASDAQ:NICE) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts have a consensus “Hold” rating on NiCE, with eight buys, six holds and one sell among 15 firms. The average 12-month price target is $132.23, above the stock’s reported $115.83 price.
• NiCE reported quarterly EPS of $2.70, beating estimates of $2.63, while revenue of $782.29 million also exceeded expectations and rose 7.7% year over year.
• Institutional ownership is substantial at 63.34%, with Principal Financial Group increasing its position by more than 1,600%; meanwhile, an insider sold 500 shares for $50,000.

Shares of NiCE (NASDAQ:NICE - Get Free Report) have been given a consensus rating of "Hold" by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $132.23.

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $104.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NiCE in a research note on Monday, September 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $130.00 price target on shares of NiCE in a report on Thursday, August 6th. Oppenheimer raised NiCE from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Wednesday, September 30th. Finally, DA Davidson lifted their price objective on NiCE from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, August 6th.

Insiders Place Their Bets

In other NiCE news, VP Udi Dayan sold 500 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the sale, the vice president directly owned 500 shares of the company's stock, valued at approximately $50,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NICE. Principal Financial Group Inc. boosted 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 worth $504,874,000 after acquiring an additional 4,315,414 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in NiCE by 22.1% during the fourth 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 period. Harel Insurance Investments & Financial Services Ltd. raised its stake in NiCE by 16.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company's stock worth $113,366,000 after purchasing an additional 148,113 shares during the period. Brandes Investment Partners LP acquired a new position in shares of NiCE in the 4th quarter valued at $79,944,000. Finally, Parnassus Investments LLC boosted its holdings in shares of NiCE by 11.9% in the 4th quarter. Parnassus Investments LLC now owns 524,909 shares of the technology company's stock valued at $59,336,000 after purchasing an additional 56,003 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

NiCE Stock Up 1.7%

NICE opened at $115.83 on Tuesday. The firm has a market cap of $6.77 billion, a P/E ratio of 16.86, a PEG ratio of 1.24 and a beta of 0.76. NiCE has a 52 week low of $83.10 and a 52 week high of $140.48. The business's fifty day simple moving average is $104.93 and its 200 day simple moving average is $100.61.

NiCE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.07. The firm had revenue of $782.29 million during the quarter, compared to the consensus estimate of $766.27 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.01 EPS. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. As a group, equities analysts expect that NiCE will post 8.66 EPS for the current fiscal year.

About NiCE

NiCE Ltd., formerly known as NICE-Systems, is an Israeli technology company that provides cloud-based software and artificial intelligence solutions for customer experience and business operations. Its platforms help organizations manage customer interactions across contact centers and digital channels, while supporting employee engagement, workflow automation, analytics and decision-making.

The company's portfolio includes CXone, a cloud customer experience platform that combines contact center, workforce management, quality management, analytics and automation capabilities.

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