Renaissance Technologies LLC bought a new stake in shares of NiCE (NASDAQ:NICE – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 47,544 shares of the technology company’s stock, valued at approximately $5,242,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Manchester Capital Management LLC purchased a new stake in shares of NiCE in the 4th quarter worth $39,000. V Square Quantitative Management LLC purchased a new stake in NiCE in the first quarter worth about $40,000. Tower Research Capital LLC TRC bought a new position in shares of NiCE in the second quarter worth about $40,000. Legal & General Group Plc purchased a new position in shares of NiCE during the 2nd quarter valued at about $65,000. Finally, MidFirst Bank bought a new position in shares of NiCE during the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on NICE. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 target price on shares of NiCE in a research note on Wednesday, June 10th. DA Davidson upgraded shares of NiCE from a “neutral” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Thursday, June 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $155.00 price target on shares of NiCE in a research note on Wednesday, June 10th. Wedbush decreased their price target on NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of NiCE in a research note on Thursday, June 11th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.
NiCE News Summary
Here are the key news stories impacting NiCE this week:
- Positive Sentiment: NiCE exceeded second-quarter expectations, reporting adjusted EPS of $2.70 versus the $2.63 consensus and revenue of $782.3 million versus $766.3 million expected. Revenue increased 7.6% year over year, led by 12.6% growth in cloud revenue to $609.0 million. NiCE Exceeds Revenue Guidance Range, Reporting 8% Year-Over-Year Revenue Growth in Second Quarter 2026
- Positive Sentiment: Management raised the quality of its earnings outlook: full-year 2026 EPS guidance of $11.06-$11.26 is above the $10.69 analyst consensus, while third-quarter EPS guidance of $2.73-$2.83 also exceeds expectations of $2.68. NiCE Earnings Results
- Positive Sentiment: Concentrix and Currys won NiCE’s 2026 International CX Excellence Award, offering additional evidence that customers are using NiCE’s intelligent orchestration and personalization tools to improve engagement. Concentrix and Currys Win NiCE International CX Excellence Award
NiCE Price Performance
NiCE stock opened at $99.35 on Thursday. NiCE has a 1 year low of $83.10 and a 1 year high of $156.37. The firm’s 50 day moving average price is $94.08 and its 200-day moving average price is $103.09. The stock has a market cap of $5.81 billion, a P/E ratio of 11.79, a PEG ratio of 1.07 and a beta of 0.74.
NiCE (NASDAQ:NICE – Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.07. The firm had revenue of $782.29 million during the quarter, compared to analyst estimates of $766.27 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. NiCE’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.01 earnings per share. 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, equities analysts expect that NiCE will post 9.08 EPS for the current year.
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.
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