Black Creek Investment Management Inc. Decreases Stock Holdings in NiCE $NICE

Black Creek Investment Management Inc. cut its position in NiCE (NASDAQ:NICE) by 31.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 584,209 shares of the technology company’s stock after selling 271,072 shares during the quarter. NiCE accounts for 3.3% of Black Creek Investment Management Inc.’s portfolio, making the stock its 13th largest position. Black Creek Investment Management Inc. owned 0.92% of NiCE worth $66,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NICE. Brandes Investment Partners LP purchased a new position in shares of NiCE in the fourth quarter valued at $79,944,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of NiCE in the third quarter valued at $88,599,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of NiCE by 36.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 880,059 shares of the technology company’s stock valued at $99,482,000 after purchasing an additional 233,080 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of NiCE by 36.5% in the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock valued at $122,429,000 after purchasing an additional 225,936 shares during the period. Finally, Private Management Group Inc. boosted its stake in shares of NiCE by 68.0% in the fourth quarter. Private Management Group Inc. now owns 273,082 shares of the technology company’s stock valued at $30,869,000 after purchasing an additional 110,541 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NiCE Price Performance

NASDAQ NICE opened at $88.71 on Friday. NiCE has a 12 month low of $84.38 and a 12 month high of $175.00. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 0.92 and a beta of 0.78. The company’s fifty day moving average price is $98.22 and its two-hundred day moving average price is $107.36.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $760.94 million. During the same period in the prior year, the firm posted $2.87 EPS. The firm’s 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, analysts anticipate that NiCE will post 9.08 EPS for the current year.

NiCE declared that its board has approved a share buyback plan on Thursday, February 19th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 9.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NICE shares. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Morgan Stanley decreased their target price on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Jefferies Financial Group restated a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 target price on shares of NiCE in a research note on Wednesday. Finally, Citizens Jmp decreased their target price on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NiCE currently has an average rating of “Hold” and a consensus target price of $132.83.

NiCE 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.