NiCE $NICE Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lowered its position in NiCE (NASDAQ:NICE) by 52.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,680 shares of the technology company’s stock after selling 22,693 shares during the period. NorthCrest Asset Manangement LLC’s holdings in NiCE were worth $2,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kopion Asset Management LLC grew its holdings in shares of NiCE by 29.3% during the fourth quarter. Kopion Asset Management LLC now owns 106,432 shares of the technology company’s stock worth $12,031,000 after buying an additional 24,119 shares in the last quarter. Morningstar Investment Management LLC purchased a new position in shares of NiCE in the third quarter worth about $5,182,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of NiCE by 11.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 125,795 shares of the technology company’s stock worth $18,406,000 after buying an additional 12,641 shares in the last quarter. Woodline Partners LP boosted its position in NiCE by 16.1% during the third quarter. Woodline Partners LP now owns 37,553 shares of the technology company’s stock worth $5,437,000 after acquiring an additional 5,201 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in NiCE during the third quarter worth about $1,652,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NiCE Trading Down 0.9%

NiCE stock opened at $118.36 on Monday. The company has a 50-day moving average price of $114.20 and a 200 day moving average price of $121.40. NiCE has a 12-month low of $94.65 and a 12-month high of $180.61. The stock has a market cap of $7.49 billion, a P/E ratio of 12.24, a PEG ratio of 1.38 and a beta of 0.95.

NiCE (NASDAQ:NICE) last posted its earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.01. NiCE had a net margin of 20.78% and a return on equity of 18.26%. The company had revenue of $786.50 million for the quarter, compared to analyst estimates of $779.95 million. During the same period in the previous year, the business posted $3.02 EPS. NiCE’s revenue was up 9.0% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. As a group, analysts forecast that NiCE will post 9.85 EPS for the current year.

NiCE declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 19th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

NICE has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $120.00 price objective on shares of NiCE in a report on Friday, February 20th. Rosenblatt Securities restated a “buy” rating and set a $155.00 target price on shares of NiCE in a report on Friday, February 20th. Royal Bank Of Canada dropped their price target on NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Morgan Stanley set a $148.00 price target on NiCE in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $151.83.

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.