Choreo LLC Makes New $723,000 Investment in NiCE $NICE

Choreo LLC bought a new position in shares of NiCE (NASDAQ:NICE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,995 shares of the technology company’s stock, valued at approximately $723,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in NiCE in the 1st quarter valued at $226,000. Goldman Sachs Group Inc. lifted its holdings in shares of NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after purchasing an additional 103,342 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of NiCE in the first quarter valued at about $892,000. Woodline Partners LP boosted its position in shares of NiCE by 18.7% during the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after buying an additional 3,178 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of NiCE by 39.2% during the second quarter. Envestnet Asset Management Inc. now owns 114,467 shares of the technology company’s stock worth $19,335,000 after buying an additional 32,255 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the topic of several research reports. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada cut their price objective on shares of NiCE from $175.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. DA Davidson decreased their target price on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Citigroup lifted their price target on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Jefferies Financial Group restated a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NiCE currently has a consensus rating of “Hold” and a consensus price target of $151.83.

NiCE Stock Performance

Shares of NASDAQ:NICE opened at $123.50 on Wednesday. NiCE has a 52-week low of $94.65 and a 52-week high of $180.61. The company has a market capitalization of $7.81 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95. The company has a 50-day simple moving average of $112.39 and a 200 day simple moving average of $123.04.

NiCE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 19th. The technology company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.01. The firm had revenue of $786.50 million for the quarter, compared to analyst estimates of $779.95 million. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.02 earnings per share. 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 analysts forecast that NiCE will post 9.85 earnings per share for the current year.

NiCE declared that its Board of Directors has authorized a share buyback program on Thursday, February 19th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 9.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.