NiCE (NASDAQ:NICE - Get Free Report)'s share price shot up 7.4% on Friday . The company traded as high as $111.74 and last traded at $109.5560. 113,714 shares were traded during mid-day trading, a decline of 85% from the average session volume of 742,783 shares. The stock had previously closed at $102.02.
Analysts Set New Price Targets
A number of brokerages have weighed in on NICE. Morgan Stanley set a $148.00 price target on shares of NiCE in a report on Friday, February 20th. Citigroup downgraded shares of NiCE from a "buy" rating to a "neutral" rating and reduced their price target for the company from $184.00 to $119.00 in a report on Friday, April 10th. Jefferies Financial Group reaffirmed a "hold" rating on shares of NiCE in a report on Thursday, February 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $155.00 price objective on shares of NiCE in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NiCE in a report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $144.17.
Check Out Our Latest Research Report on NICE
NiCE Trading Up 9.4%
The business's fifty day moving average price is $111.86 and its 200 day moving average price is $114.28. The company has a market capitalization of $6.74 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.19 and a beta of 0.97.
NiCE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The technology company reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.01. The company had revenue of $786.50 million during the quarter, compared to the consensus estimate of $779.95 million. NiCE had a net margin of 20.78% and a return on equity of 18.26%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $3.02 EPS. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. Equities research analysts anticipate that NiCE will post 8.89 EPS for the current year.
NiCE announced that its Board of Directors has initiated a share repurchase program on Thursday, February 19th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to buy up to 9.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On NiCE
A number of hedge funds have recently made changes to their positions in NICE. RPD Fund Management LLC acquired a new stake in shares of NiCE during the 4th quarter worth about $100,154,000. Brandes Investment Partners LP acquired a new stake in shares of NiCE during the 4th quarter worth about $79,944,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of NiCE during the 3rd quarter worth about $88,599,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of NiCE by 36.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 880,059 shares of the technology company's stock worth $99,482,000 after purchasing an additional 233,080 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of NiCE by 22.1% during 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. Institutional investors and hedge funds own 63.34% of the company's stock.
NiCE Company Profile
(
Get 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.
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