NiCE (NASDAQ:NICE – Get Free Report)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $106.27, but opened at $96.04. NiCE shares last traded at $101.2960, with a volume of 274,629 shares changing hands.
Key Headlines Impacting NiCE
Here are the key news stories impacting NiCE this week:
- Positive Sentiment: Third-quarter revenue rose 8% to $790.7 million, topping estimates; cloud revenue grew 10.6%. Reported EPS also exceeded consensus, and NiCE said results surpassed its guidance ranges. NiCE third-quarter results
- Neutral Sentiment: NiCE is expanding its AI customer-service push in EMEA beyond enterprise pilots. The initiative supports its AI growth strategy, though the report provides no financial outlook or expected near-term impact. NiCE EMEA AI expansion
- Negative Sentiment: Non-GAAP earnings declined year over year, tempering the positive revenue growth and helping explain investor caution despite the quarterly beat. NiCE non-GAAP earnings and revenue
- Negative Sentiment: The company plans to reduce its workforce by about 5%—roughly 500 employees. While this may lower costs, the scale of the cuts can raise concerns about execution and business conditions. NiCE workforce-reduction announcement
Wall Street Analysts Forecast Growth
Several research firms recently commented on NICE. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of NiCE in a research note on Thursday, August 6th. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Citigroup reiterated a “neutral” rating on shares of NiCE in a research note on Thursday, August 6th. Yorkville Ives assumed coverage on shares of NiCE in a research report on Monday, October 5th. They set an “in-line” rating and a $125.00 target price on the stock. Finally, Royal Bank Of Canada raised their price target on shares of NiCE from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.71.
View Our Latest Stock Analysis on NICE
NiCE Trading Down 5.6%
The business’s fifty day moving average is $111.02 and its 200 day moving average is $105.04. The company has a market cap of $5.86 billion, a P/E ratio of 14.62, a PEG ratio of 1.23 and a beta of 0.77.
NiCE (NASDAQ:NICE – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.06. NiCE had a return on equity of 15.46% and a net margin of 13.86%. The company had revenue of $790.70 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same period in the previous year, the business earned $3.18 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that NiCE will post 8.60 EPS for the current fiscal year.
Insider Activity at NiCE
In related news, VP Udi Dayan sold 500 shares of NiCE stock in a transaction on Friday, August 7th. The shares were sold at an average price of $100.00, for a total value of $50,000.00. Following the transaction, the vice president directly owned 500 shares of the company’s stock, valued at $50,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.02% of the company’s stock.
Institutional Investors Weigh In On NiCE
Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in NiCE by 1,637.6% in the first quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock worth $504,874,000 after purchasing an additional 4,315,414 shares during the period. Kopernik Global Investors LLC purchased a new position in shares of NiCE during the first quarter valued at approximately $27,670,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of NiCE by 16.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock worth $113,366,000 after purchasing an additional 148,113 shares in the last quarter. American Capital Management Inc. bought a new stake in shares of NiCE in the 2nd quarter worth approximately $12,414,000. Finally, Hiddenite Capital Partners LP purchased a new stake in shares of NiCE in the 3rd quarter worth approximately $9,969,000. 63.34% of the stock is currently owned by institutional investors.
NiCE Company Profile
NICE Ltd. (NASDAQ: NICE) is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.
The company’s portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.
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