Northwestern Mutual Wealth Management Co. Grows Stake in NiCE $NICE

Northwestern Mutual Wealth Management Co. raised its stake in NiCE (NASDAQ:NICE) by 583.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,587 shares of the technology company’s stock after acquiring an additional 23,552 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in NiCE were worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NICE. Tower Research Capital LLC TRC purchased a new position in NiCE in the second quarter valued at about $40,000. Legal & General Group Plc purchased a new stake in shares of NiCE during the 2nd quarter valued at approximately $65,000. UMB Bank n.a. lifted its stake in shares of NiCE by 66.0% during the 3rd quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock valued at $69,000 after buying an additional 190 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of NiCE during the 3rd quarter valued at approximately $74,000. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of NiCE by 115.6% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 951 shares of the technology company’s stock valued at $161,000 after buying an additional 510 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NiCE Price Performance

NASDAQ NICE opened at $94.46 on Tuesday. NiCE has a 1 year low of $84.38 and a 1 year high of $180.61. The stock has a market capitalization of $5.71 billion, a PE ratio of 11.21, a P/E/G ratio of 0.98 and a beta of 0.82. The company’s 50 day simple moving average is $104.24 and its two-hundred day simple moving average is $109.98.

NiCE (NASDAQ:NICE) last posted its earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.12. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The business had revenue of $768.62 million for the quarter, compared to analysts’ expectations of $760.94 million. During the same period in the prior year, the company posted $2.87 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. On average, research analysts anticipate that NiCE will post 9.08 EPS for the current year.

NiCE announced that its board has initiated a stock buyback program on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on NICE shares. Citizens Jmp dropped their price target on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 7th. Zacks Research upgraded shares of NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada dropped their price target on shares of NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Piper Sandler restated a “neutral” rating and set a $124.00 price target on shares of NiCE in a research note on Monday, February 23rd. Finally, Morgan Stanley dropped their price target on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $136.92.

NiCE Company Profile

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.