Fisher Asset Management LLC Trims Stock Holdings in NiCE $NICE

Fisher Asset Management LLC reduced its stake in NiCE (NASDAQ:NICE) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,329 shares of the technology company’s stock after selling 7,673 shares during the quarter. Fisher Asset Management LLC’s holdings in NiCE were worth $1,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in shares of NiCE by 636.0% in the fourth quarter. Hantz Financial Services Inc. now owns 12,932 shares of the technology company’s stock valued at $1,462,000 after acquiring an additional 11,175 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NiCE during the fourth quarter worth about $146,000. Capstone Capital Management Ltd purchased a new position in NiCE during the fourth quarter worth about $488,000. ProShare Advisors LLC lifted its position in NiCE by 63.6% during the fourth quarter. ProShare Advisors LLC now owns 2,925 shares of the technology company’s stock worth $331,000 after buying an additional 1,137 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in NiCE during the fourth quarter worth about $213,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NICE shares. Wedbush reiterated a “neutral” rating and set a $120.00 target price on shares of NiCE in a research report on Friday, February 20th. Citizens Jmp reduced their target price on NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Morgan Stanley reduced their target price on NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Piper Sandler reiterated a “neutral” rating and set a $124.00 target price on shares of NiCE in a research report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $136.92.

NiCE Price Performance

NiCE stock opened at $92.66 on Friday. The stock’s 50-day moving average is $102.18 and its 200-day moving average is $109.13. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. NiCE has a 12 month low of $84.38 and a 12 month high of $180.61.

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

NiCE declared that its board has approved a share repurchase 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 an indication that the company’s board of directors believes its stock is undervalued.

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.