Shares of NiCE (NASDAQ:NICE – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $98.18, but opened at $102.30. NiCE shares last traded at $104.0850, with a volume of 111,334 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research report on Wednesday, June 24th. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 price target on shares of NiCE in a research report on Wednesday, June 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of NiCE in a research report on Thursday, August 6th. Citigroup reissued a “neutral” rating on shares of NiCE in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of NiCE in a report on Wednesday, June 10th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $129.50.
Read Our Latest Analysis on NiCE
NiCE Stock Performance
NiCE (NASDAQ:NICE – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.07. The company had revenue of $782.29 million during the quarter, compared to analysts’ expectations of $766.27 million. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.01 EPS. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. As a group, research analysts forecast that NiCE will post 8.66 earnings per share for the current fiscal year.
Insider Activity
In related news, VP Udi Dayan sold 500 shares of NiCE 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 completion of the transaction, the vice president directly owned 500 shares of the company’s stock, valued at $50,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.02% of the stock is currently owned by insiders.
Hedge Funds Weigh In On NiCE
Several large investors have recently made changes to their positions in NICE. Principal Financial Group Inc. increased its position in NiCE by 1,637.6% during the 1st quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock valued at $504,874,000 after buying an additional 4,315,414 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in 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. Harel Insurance Investments & Financial Services Ltd. grew its position in NiCE by 16.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock valued at $113,366,000 after purchasing an additional 148,113 shares during the last quarter. Vulcan Value Partners LLC increased its stake in NiCE by 15.6% during the 4th quarter. Vulcan Value Partners LLC now owns 870,733 shares of the technology company’s stock valued at $98,404,000 after purchasing an additional 117,417 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new position in NiCE in the fourth quarter worth about $79,944,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
NiCE Company Profile
NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.
The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.
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