American Capital Management Inc. Acquires Shares of 136,644 NiCE $NICE

Key Points

• American Capital Management initiated a position in NiCE by acquiring 136,644 shares worth approximately $12.4 million, representing about 0.23% of the company. Institutional investors collectively own 63.34% of NiCE.
• NiCE reported quarterly earnings of $2.70 per share, exceeding the $2.63 consensus estimate, while revenue of $782.29 million also topped expectations and increased 7.7% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $129.50, compared with the stock’s recent price near $101.10.

American Capital Management Inc. bought a new position in shares of NiCE (NASDAQ:NICE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 136,644 shares of the technology company's stock, valued at approximately $12,414,000. American Capital Management Inc. owned approximately 0.23% of NiCE as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in NiCE in the 2nd quarter valued at $40,000. Manchester Capital Management LLC purchased a new position in shares of NiCE during the 4th quarter worth $39,000. V Square Quantitative Management LLC acquired a new position in shares of NiCE during the 1st quarter valued at about $40,000. Legal & General Group Plc acquired a new position in shares of NiCE during the 2nd quarter valued at about $65,000. Finally, Western Wealth Management LLC purchased a new stake in shares of NiCE in the first quarter valued at about $44,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NiCE

In related news, VP Udi Yehuda Dayan sold 500 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total value of $50,000.00. Following the completion of the sale, the vice president owned 500 shares in the company, valued at $50,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

NICE has been the subject of several analyst reports. Wedbush lowered their price objective on NiCE from $120.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, June 10th. Citigroup restated a "neutral" rating on shares of NiCE in a research report on Thursday, August 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $130.00 price target on shares of NiCE in a research note on Thursday, August 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of NiCE in a report on Wednesday, June 24th. Finally, Morgan Stanley cut their price objective on NiCE from $148.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $129.50.

NiCE Price Performance

NiCE stock opened at $101.10 on Thursday. NiCE has a 1-year low of $83.10 and a 1-year high of $153.68. The stock has a market cap of $5.91 billion, a PE ratio of 14.72, a P/E/G ratio of 1.08 and a beta of 0.74. The stock's fifty day moving average is $97.01 and its two-hundred day moving average is $101.94.

NiCE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.07. The firm had revenue of $782.29 million for 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 company's revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm 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. On average, research analysts expect that NiCE will post 8.7 earnings per share for the current fiscal year.

NiCE 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source