NiCE (NASDAQ:NICE) Upgraded at Zacks Research

Zacks Research upgraded shares of NiCE (NASDAQ:NICE) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on NICE. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Citizens Jmp set a $200.00 price objective on shares of NiCE in a research note on Friday, November 14th. Cantor Fitzgerald dropped their price objective on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Morgan Stanley set a $148.00 target price on shares of NiCE in a research note on Friday, February 20th. Finally, Royal Bank Of Canada decreased their price target on shares of NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $151.83.

NiCE Stock Performance

NiCE stock opened at $115.90 on Tuesday. NiCE has a fifty-two week low of $94.65 and a fifty-two week high of $180.61. The firm has a 50 day moving average price of $111.89 and a 200 day moving average price of $123.69. The company has a market capitalization of $7.33 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 19th. The technology company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.01. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The company had revenue of $786.50 million for the quarter, compared to analysts’ expectations of $779.95 million. During the same period in the prior year, the firm earned $3.02 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. As a group, equities research analysts forecast that NiCE will post 9.85 earnings per share for the current year.

NiCE announced that its Board of Directors has approved a share buyback plan on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On NiCE

Several institutional investors have recently modified their holdings of NICE. Lakewood Asset Management LLC grew its position in NiCE by 478.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 12,791 shares of the technology company’s stock worth $1,852,000 after purchasing an additional 10,580 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of NiCE during the third quarter worth about $1,230,000. Mediolanum International Funds Ltd boosted its stake in shares of NiCE by 101.7% during the third quarter. Mediolanum International Funds Ltd now owns 44,940 shares of the technology company’s stock worth $6,578,000 after buying an additional 22,664 shares during the period. Madison Asset Management LLC purchased a new position in shares of NiCE during the third quarter worth about $1,381,000. Finally, Fox Run Management L.L.C. acquired a new position in NiCE in the 2nd quarter valued at about $1,004,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

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.