Havemeyer Place LP Takes $1.01 Million Position in NiCE $NICE

Havemeyer Place LP bought a new position in shares of NiCE (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,945 shares of the technology company’s stock, valued at approximately $1,011,000.

A number of other institutional investors have also recently added to or reduced their stakes in NICE. Parallel Advisors LLC raised its stake in shares of NiCE by 47.0% in the 4th quarter. Parallel Advisors LLC now owns 1,391 shares of the technology company’s stock worth $157,000 after buying an additional 445 shares in the last quarter. Verus Capital Partners LLC raised its stake in shares of NiCE by 26.0% in the 4th quarter. Verus Capital Partners LLC now owns 8,722 shares of the technology company’s stock worth $986,000 after buying an additional 1,802 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of NiCE by 38.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 250,282 shares of the technology company’s stock worth $28,292,000 after buying an additional 70,158 shares in the last quarter. Bruni J V & Co. Co. raised its stake in shares of NiCE by 10.0% in the 4th quarter. Bruni J V & Co. Co. now owns 278,427 shares of the technology company’s stock worth $31,473,000 after buying an additional 25,197 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of NiCE in the 4th quarter worth $2,694,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NiCE Stock Performance

NiCE stock opened at $93.14 on Monday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. NiCE has a 1 year low of $84.38 and a 1 year high of $180.61. The firm’s 50 day moving average price is $100.26 and its two-hundred day moving average price is $107.88.

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. The firm had revenue of $768.62 million for the quarter, compared to analyst estimates of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.87 earnings per share. 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 predict that NiCE will post 9.08 EPS for the current fiscal 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 outstanding shares. This repurchase authorization allows the technology company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NICE. Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Piper Sandler reissued a “neutral” rating and issued a $124.00 price objective on shares of NiCE in a research note on Monday, February 23rd. Citizens Jmp dropped their price objective on NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Finally, Morgan Stanley dropped their price objective on NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. 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 stock. According to data from MarketBeat.com, NiCE currently has a consensus rating of “Hold” and an average 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.