NiCE (NASDAQ:NICE) Share Price Breaks Above 200 Day Moving Average - Here's What Happened

Key Points

• NiCE shares moved above their 200-day moving average, reaching $116.48 before last trading at $112.17, compared with a 200-day average of $100.78.
• Analyst sentiment is broadly positive: eight analysts rate the stock a Buy and seven rate it Hold, producing a “Moderate Buy” consensus and an average price target of $132.23. Recent upgrades included RBC to a $145 target and Oppenheimer to a $150 target.
• NiCE exceeded quarterly expectations, reporting $2.70 in EPS versus a $2.63 consensus and $782.29 million in revenue versus $766.27 million expected; revenue rose 7.7% year over year.

NiCE (NASDAQ:NICE - Get Free Report) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $100.78 and traded as high as $116.48. NiCE shares last traded at $112.17, with a volume of 404,505 shares traded.

Analyst Ratings Changes

NICE has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on NiCE from $130.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, September 24th. DA Davidson raised their price objective on NiCE from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings raised NiCE from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Oppenheimer upgraded shares of NiCE from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Wednesday, September 30th. Finally, Citigroup restated a "neutral" rating on shares of NiCE in a report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $132.23.

NiCE Stock Down 2.4%

The stock's fifty day simple moving average is $107.50 and its two-hundred day simple moving average is $100.78. The firm has a market cap of $6.56 billion, a PE ratio of 16.33, a PEG ratio of 1.25 and a beta of 0.76.

NiCE (NASDAQ:NICE - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.07. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The firm 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 earnings per share. 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 research analysts anticipate that NiCE will post 8.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NiCE news, VP Udi Dayan sold 500 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the sale, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.02% of the company's stock.

Hedge Funds Weigh In On NiCE

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new position in NiCE in the 3rd quarter worth about $7,838,000. Kopion Asset Management LLC increased its stake in NiCE by 4.3% during the 3rd quarter. Kopion Asset Management LLC now owns 152,509 shares of the technology company's stock valued at $16,970,000 after purchasing an additional 6,237 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in NiCE by 178.4% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,568 shares of the technology company's stock valued at $1,176,000 after purchasing an additional 6,772 shares in the last quarter. GAMMA Investing LLC increased its stake in NiCE by 105.3% during the 3rd 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in NiCE by 36.3% in the third quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company's stock worth $103,000 after buying an additional 247 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

About NiCE

NiCE Ltd., formerly known as NICE-Systems, is an Israeli technology company that provides cloud-based software and artificial intelligence solutions for customer experience and business operations. Its platforms help organizations manage customer interactions across contact centers and digital channels, while supporting employee engagement, workflow automation, analytics and decision-making.

The company's portfolio includes CXone, a cloud customer experience platform that combines contact center, workforce management, quality management, analytics and automation capabilities.

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