NiCE (NASDAQ:NICE) Trading Up 6% – Here’s What Happened

NiCE (NASDAQ:NICE)’s stock price shot up 6% during mid-day trading on Tuesday . The company traded as high as $124.37 and last traded at $123.31. 635,489 shares were traded during trading, a decline of 33% from the average session volume of 951,274 shares. The stock had previously closed at $116.38.

Wall Street Analyst Weigh In

A number of research firms have commented on NICE. Zacks Research raised shares of NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Citigroup upped their price objective on shares of NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Citizens Jmp set a $200.00 price objective on shares of NiCE in a research report on Friday, November 14th. Wedbush reissued a “neutral” rating and issued a $120.00 target price on shares of NiCE in a research report on Friday, February 20th. Finally, DA Davidson lowered their price target on NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Seven 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, the company currently has a consensus rating of “Hold” and a consensus price target of $151.83.

NiCE Stock Performance

The company has a market cap of $8.08 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95. The business has a 50-day simple moving average of $112.67 and a 200-day simple moving average of $123.07.

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

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

Hedge Funds Weigh In On NiCE

Hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC purchased a new position in shares of NiCE in the 4th quarter valued at $39,000. Tower Research Capital LLC TRC acquired a new position in NiCE during the second quarter worth approximately $40,000. Richardson Financial Services Inc. boosted its holdings in shares of NiCE by 65.3% in the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $48,000 after acquiring an additional 130 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of NiCE during the second quarter worth approximately $60,000. Finally, Legal & General Group Plc acquired a new stake in NiCE during the 2nd quarter worth $65,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

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.