NiCE (NASDAQ:NICE) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

NiCE (NASDAQ:NICE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $101.86 and traded as high as $111.15. NiCE shares last traded at $108.31, with a volume of 383,071 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NICE. Morgan Stanley reduced their price objective on NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a report on Wednesday, June 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $104.00 price target on shares of NiCE in a report on Wednesday, June 10th. Citigroup restated a “neutral” rating on shares of NiCE in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of NiCE in a report on Wednesday, June 10th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $129.50.

NiCE Trading Down 2.6%

The stock’s 50-day simple moving average is $99.87 and its 200-day simple moving average is $101.88. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.07. The company had revenue of $782.29 million during the quarter, compared to the consensus estimate of $766.27 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.01 earnings per share. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. On average, equities research analysts forecast that NiCE will post 8.7 earnings per share for the current year.

Insider Activity at NiCE

In related news, VP Udi Dayan sold 500 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the completion of the transaction, the vice president owned 500 shares of the company’s stock, valued at $50,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On NiCE

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of NiCE by 1,637.6% during the 1st quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock worth $504,874,000 after acquiring an additional 4,315,414 shares in the last quarter. FIL Ltd raised its position in NiCE by 0.7% during the fourth quarter. FIL Ltd now owns 1,732,137 shares of the technology company’s stock valued at $195,801,000 after purchasing an additional 11,433 shares in the last quarter. Artisan Partners Limited Partnership raised its position in NiCE by 22.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,256,752 shares of the technology company’s stock valued at $142,063,000 after purchasing an additional 227,631 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in NiCE by 16.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock worth $113,366,000 after purchasing an additional 148,113 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in NiCE by 13.7% during the fourth quarter. Neuberger Berman Group LLC now owns 961,146 shares of the technology company’s stock worth $108,648,000 after purchasing an additional 115,526 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.