Assenagon Asset Management S.A. Buys New Shares in NiCE $NICE

Key Points

• Assenagon Asset Management purchased 70,438 NiCE shares worth approximately $7.84 million, giving it a 0.12% stake. Institutional investors and hedge funds collectively own 63.34% of the company.
• Analyst sentiment is broadly positive: NiCE has a “Moderate Buy” consensus rating and a $131.71 average price target, with Oppenheimer and RBC recently raising their ratings or targets.
• NiCE’s latest quarterly results exceeded expectations, with earnings of $2.70 per share and revenue of $782.29 million, up 7.7% year over year. Shares opened at $113.84, above their 50-day and 200-day moving averages.

Assenagon Asset Management S.A. purchased a new stake in NiCE (NASDAQ:NICE - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 70,438 shares of the technology company's stock, valued at approximately $7,838,000. Assenagon Asset Management S.A. owned about 0.12% of NiCE as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Engineers Gate Manager LP boosted its stake in NiCE by 292.1% in the 2nd quarter. Engineers Gate Manager LP now owns 38,353 shares of the technology company's stock worth $3,484,000 after buying an additional 28,571 shares during the last quarter. Sei Investments Co. increased its stake in shares of NiCE by 10.6% during the 1st quarter. Sei Investments Co. now owns 194,717 shares of the technology company's stock valued at $21,468,000 after acquiring an additional 18,631 shares during the last quarter. American Capital Management Inc. acquired a new position in shares of NiCE during the 2nd quarter valued at about $12,414,000. Principal Financial Group Inc. lifted its holdings in shares of NiCE by 1,637.6% during the 1st 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 period. Finally, Kopernik Global Investors LLC purchased a new position in shares of NiCE during the 1st quarter worth about $27,670,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Oppenheimer raised shares of 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. Weiss Ratings raised NiCE from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Citigroup reiterated a "neutral" rating on shares of NiCE in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on NiCE from $130.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. Finally, Yorkville Ives began coverage on NiCE in a research note on Monday, October 5th. They issued an "in-line" rating and a $125.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, NiCE has a consensus rating of "Moderate Buy" and a consensus price target of $131.71.

NiCE Stock Up 1.5%

Shares of NASDAQ:NICE opened at $113.84 on Tuesday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.76. The company has a 50 day moving average of $107.72 and a two-hundred day moving average of $100.75. NiCE has a 52-week low of $83.10 and a 52-week high of $138.58.

NiCE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.07. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The business had revenue of $782.29 million during the quarter, compared to analyst estimates of $766.27 million. During the same period last year, the business earned $3.01 EPS. The business's revenue was up 7.7% on a year-over-year basis. 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, equities analysts anticipate that NiCE will post 8.66 earnings per share for the current year.

Insider Activity

In other news, VP Udi Dayan sold 500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $100.00, for a total transaction of $50,000.00. Following the completion of the transaction, the vice president directly owned 500 shares in the company, valued at approximately $50,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.02% of the stock is currently owned by insiders.

NiCE Company Profile

NICE Ltd. NASDAQ: NICE is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company's portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.

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