Hiddenite Capital Partners LP Makes New Investment in NiCE $NICE

Key Points

• Hiddenite Capital Partners acquired 89,590 NiCE shares worth approximately $9.97 million in the third quarter, representing 1.8% of the firm’s portfolio and about 0.15% of NiCE’s outstanding stock.
• Institutional investors own 63.34% of NiCE, while analysts maintain a “Moderate Buy” consensus with an average price target of $131.71.
• NiCE reported quarterly EPS of $2.70, exceeding estimates of $2.63, and revenue of $782.29 million, up 7.7% year over year. Shares opened at $112.39, down 1.2%.

Hiddenite Capital Partners LP purchased a new position in shares of NiCE (NASDAQ:NICE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 89,590 shares of the technology company's stock, valued at approximately $9,969,000. NiCE accounts for 1.8% of Hiddenite Capital Partners LP's holdings, making the stock its 18th largest position. Hiddenite Capital Partners LP owned about 0.15% of NiCE as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in NiCE during the 1st quarter valued at about $40,000. Western Wealth Management LLC acquired a new stake in shares of NiCE during the first quarter worth about $44,000. Allworth Financial LP lifted its position in shares of NiCE by 24.6% during the second quarter. Allworth Financial LP now owns 871 shares of the technology company's stock worth $79,000 after purchasing an additional 172 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of NiCE by 36.3% in the third quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company's stock valued at $103,000 after purchasing an additional 247 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of NiCE by 105.3% in the third quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company's stock valued at $112,000 after purchasing an additional 517 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NICE shares. Royal Bank Of Canada lifted their price objective on shares of NiCE from $130.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, September 24th. Citigroup reiterated a "neutral" rating on shares of NiCE in a report on Thursday, August 6th. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 target price on shares of NiCE in a report on Thursday, August 6th. Oppenheimer raised shares of NiCE from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Wednesday, September 30th. Finally, Yorkville Ives assumed coverage on shares of NiCE in a research note on Monday, October 5th. They issued an "in-line" rating and a $125.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $131.71.

Insiders Place Their Bets

In related news, VP Udi 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 completion of the sale, the vice president owned 500 shares in the company, valued at $50,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.02% of the stock is currently owned by insiders.

NiCE Trading Down 1.2%

Shares of NICE opened at $112.39 on Tuesday. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.28 and a beta of 0.76. The firm's fifty day simple moving average is $110.90 and its 200-day simple moving average is $105.09. NiCE has a twelve month low of $83.10 and a twelve month high of $138.58.

NiCE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.07. NiCE had a return on equity of 15.46% and a net margin of 13.86%. The company had revenue of $782.29 million during the quarter, compared to the consensus estimate of $766.27 million. During the same period in the previous year, the business earned $3.01 EPS. NiCE's revenue for the quarter 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, analysts predict that NiCE will post 8.60 earnings per share for the current fiscal year.

About NiCE

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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