Bank of America Corp DE raised its holdings in NiCE (NASDAQ:NICE - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,896 shares of the technology company's stock after buying an additional 37,865 shares during the quarter. Bank of America Corp DE owned 0.29% of NiCE worth $19,174,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in NiCE during the 4th quarter worth approximately $39,000. V Square Quantitative Management LLC bought a new position in shares of NiCE during the 1st quarter worth approximately $40,000. Tower Research Capital LLC TRC purchased a new stake in shares of NiCE during the 2nd quarter valued at $40,000. Legal & General Group Plc bought a new stake in NiCE in the second quarter worth about $65,000. Finally, MidFirst Bank bought a new position in shares of NiCE during the 4th quarter valued at approximately $69,000. 63.34% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NICE has been the subject of several analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $130.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Wedbush dropped their target price on NiCE from $120.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 10th. DA Davidson raised their price target on NiCE from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Morgan Stanley reduced their price target on NiCE from $148.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, May 11th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $104.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $129.50.
Get Our Latest Report on NICE
NiCE Trading Up 1.4%
Shares of NASDAQ:NICE opened at $100.93 on Thursday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The stock's 50-day moving average price is $95.63 and its 200-day moving average price is $102.26. NiCE has a 12-month low of $83.10 and a 12-month high of $153.68.
NiCE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.07. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The business had revenue of $782.29 million for the quarter, compared to analyst estimates of $766.27 million. During the same period last year, the company earned $3.01 EPS. NiCE's revenue for the quarter was up 7.7% compared to the same quarter last year. 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, research analysts predict that NiCE will post 8.7 EPS for the current year.
Insider Activity
In other news, VP Udi Yehuda Dayan sold 500 shares of the business's 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 transaction, the vice president directly owned 500 shares of the company's stock, valued at approximately $50,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.02% of the stock is owned by insiders.
About NiCE
(
Free Report)
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.
Further Reading
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