Vulcan Value Partners LLC Acquires 117,417 Shares of NiCE $NICE

Key Points

• Vulcan Value Partners increased its NiCE stake by 15.6% in the fourth quarter, buying 117,417 shares and bringing its total to 870,733 shares worth about $98.4 million.
• Institutional ownership remains high, with several other funds also adding to NiCE positions and 63.34% of the stock currently held by institutional investors.
• NiCE reported better-than-expected quarterly earnings and revenue, but analyst sentiment is mixed: the stock carries an overall Hold rating with a consensus price target of $136.92.

Vulcan Value Partners LLC grew its holdings in shares of NiCE (NASDAQ:NICE - Free Report) by 15.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 870,733 shares of the technology company's stock after buying an additional 117,417 shares during the period. NiCE makes up 1.8% of Vulcan Value Partners LLC's investment portfolio, making the stock its 16th largest holding. Vulcan Value Partners LLC owned about 1.38% of NiCE worth $98,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of NiCE by 2.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company's stock worth $400,884,000 after purchasing an additional 73,083 shares in the last quarter. FIL Ltd lifted its holdings in shares of NiCE by 0.7% in the 4th quarter. FIL Ltd now owns 1,732,137 shares of the technology company's stock worth $195,801,000 after purchasing an additional 11,433 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NiCE by 0.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,646,690 shares of the technology company's stock worth $186,142,000 after purchasing an additional 15,000 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of NiCE by 22.1% in the 4th 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 in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of NiCE by 13.7% in the 4th quarter. Neuberger Berman Group LLC now owns 961,146 shares of the technology company's stock worth $108,648,000 after purchasing an additional 115,526 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NICE shares. Zacks Research upgraded NiCE from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 24th. Jefferies Financial Group reiterated a "hold" rating on shares of NiCE in a report on Thursday, February 19th. Royal Bank Of Canada cut their target price on NiCE from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. Piper Sandler reissued a "neutral" rating and issued a $124.00 price target on shares of NiCE in a research report on Monday, February 23rd. Finally, Morgan Stanley lowered 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. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $136.92.

NiCE Price Performance

Shares of NiCE stock opened at $91.15 on Thursday. NiCE has a 1 year low of $84.38 and a 1 year high of $180.61. The firm has a market cap of $5.51 billion, a PE ratio of 10.81, a P/E/G ratio of 0.97 and a beta of 0.82. The stock has a fifty day moving average price of $103.24 and a 200-day moving average price of $109.48.

NiCE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.12. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The firm had revenue of $768.62 million during the quarter, compared to analyst estimates of $760.94 million. During the same period last year, the firm posted $2.87 EPS. The business's revenue was up 9.8% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. As a group, equities analysts anticipate that NiCE will post 9.08 EPS for the current fiscal year.

NiCE announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to purchase up to 9.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

NiCE Company 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.

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