Fisher Asset Management LLC Has $2.90 Million Stake in NiCE $NICE

Fisher Asset Management LLC lowered its stake in shares of NiCE (NASDAQ:NICE) by 29.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,002 shares of the technology company’s stock after selling 8,330 shares during the period. Fisher Asset Management LLC’s holdings in NiCE were worth $2,896,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in NiCE in the 2nd quarter valued at approximately $40,000. Richardson Financial Services Inc. increased its position in shares of NiCE by 65.3% during the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $48,000 after purchasing an additional 130 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of NiCE in the second quarter valued at $60,000. Legal & General Group Plc acquired a new position in shares of NiCE in the second quarter valued at $65,000. Finally, UMB Bank n.a. lifted its position in NiCE by 66.0% in the third quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock worth $69,000 after purchasing an additional 190 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

NiCE Trading Up 1.0%

NASDAQ:NICE opened at $128.13 on Friday. NiCE has a 1 year low of $94.65 and a 1 year high of $180.61. The firm has a 50 day moving average of $112.97 and a 200-day moving average of $123.10. The stock has a market capitalization of $8.10 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.95.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, beating 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 firm had revenue of $786.50 million during the quarter, compared to analysts’ expectations of $779.95 million. During the same period last year, the firm posted $3.02 EPS. The business’s revenue was up 9.0% on a year-over-year basis. 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, analysts forecast that NiCE will post 9.85 EPS for the current fiscal year.

NiCE announced that its Board of Directors has approved a share repurchase program on Thursday, February 19th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

NICE has been the subject of a number of recent research reports. 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 research note on Tuesday, November 18th. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a report on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $155.00 target price on shares of NiCE in a report on Friday, February 20th. Finally, Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $151.83.

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.