NiCE (NASDAQ:NICE) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• NiCE shares moved above their 200-day moving average, reaching $111.15 before settling at $108.31, up 1.4%. The stock’s 200-day average is $101.86.
• Analysts have a mixed outlook: seven rate the stock a Buy, six a Hold and one a Sell. The consensus rating is Hold, with an average price target of $129.50.
• NiCE exceeded quarterly expectations, reporting $2.70 in adjusted EPS and $782.29 million in revenue, with revenue up 7.7% year over year. Institutional investors own 63.34% of the company, while insider ownership is just 0.02%.

NiCE (NASDAQ:NICE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $101.86 and traded as high as $111.15. NiCE shares last traded at $108.31, with a volume of 383,071 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on NICE. Morgan Stanley cut their target price on NiCE from $148.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, May 11th. Cantor Fitzgerald reissued a "neutral" rating and set a $104.00 price target on shares of NiCE in a research report on Wednesday, June 10th. Rosenblatt Securities restated a "buy" rating and issued a $130.00 price target on shares of NiCE in a research note on Thursday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $130.00 price target on shares of NiCE in a report on Wednesday, June 10th. Finally, Wedbush reduced their price objective on shares of NiCE from $120.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 10th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $129.50.

NiCE Trading Up 1.4%

The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The company has a 50-day moving average of $99.60 and a 200-day moving average of $101.86.

NiCE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $766.27 million. During the same quarter in the previous year, the company posted $3.01 earnings per share. The firm'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, research analysts forecast that NiCE will post 8.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Udi Dayan sold 500 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total transaction of $50,000.00. Following the sale, the vice president owned 500 shares in the company, valued at $50,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NiCE

Several institutional investors have recently made changes to their positions in NICE. Plan A Wealth LLC raised its position in shares of NiCE by 14.2% during the 2nd quarter. Plan A Wealth LLC now owns 2,299 shares of the technology company's stock worth $209,000 after purchasing an additional 286 shares during the period. American Capital Management Inc. acquired a new position in NiCE during the 2nd quarter valued at approximately $12,414,000. Chemistry Wealth Management LLC grew its stake in NiCE by 20.3% during the 2nd quarter. Chemistry Wealth Management LLC now owns 7,900 shares of the technology company's stock worth $718,000 after buying an additional 1,332 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in NiCE by 35.1% during the 2nd quarter. 180 Wealth Advisors LLC now owns 4,813 shares of the technology company's stock worth $437,000 after buying an additional 1,250 shares during the last quarter. Finally, Kopion Asset Management LLC increased its position in NiCE by 27.2% in the second quarter. Kopion Asset Management LLC now owns 146,272 shares of the technology company's stock worth $13,289,000 after buying an additional 31,246 shares during the period. 63.34% of the stock is owned by institutional investors.

About NiCE

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source