Brandes Investment Partners LP Makes New Investment in NiCE $NICE

Brandes Investment Partners LP bought a new position in shares of NiCE (NASDAQ:NICE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 707,208 shares of the technology company’s stock, valued at approximately $79,944,000. Brandes Investment Partners LP owned about 1.12% of NiCE at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp acquired a new position in NiCE during the 3rd quarter worth $1,230,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in NiCE by 0.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,646,690 shares of the technology company’s stock worth $186,142,000 after acquiring an additional 15,000 shares during the last quarter. Madison Asset Management LLC acquired a new position in NiCE during the 3rd quarter worth $1,381,000. Oppenheimer Asset Management Inc. lifted its position in NiCE by 127.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 25,796 shares of the technology company’s stock worth $2,916,000 after acquiring an additional 14,430 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in NiCE by 25.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 120,457 shares of the technology company’s stock worth $17,440,000 after acquiring an additional 24,070 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NiCE Stock Performance

Shares of NICE opened at $88.62 on Wednesday. The company has a 50-day simple moving average of $99.50 and a 200-day simple moving average of $107.69. The firm has a market capitalization of $5.36 billion, a P/E ratio of 10.51, a P/E/G ratio of 0.95 and a beta of 0.78. NiCE has a 52 week low of $84.38 and a 52 week high of $180.61.

NiCE (NASDAQ:NICE) last posted its quarterly 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 firm had revenue of $768.62 million during the quarter, compared to analyst estimates of $760.94 million. During the same quarter in the prior year, the business posted $2.87 earnings per share. The company’s quarterly revenue 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. As a group, equities analysts forecast that NiCE will post 9.08 earnings per share for the current year.

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

Analyst Ratings Changes

A number of brokerages have recently commented on NICE. Citigroup cut their price objective on shares of NiCE from $119.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Citizens Jmp cut their price objective on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Morgan Stanley cut their price objective on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Finally, Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of NiCE in a research report on Friday, February 20th. Six investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $136.92.

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.