Citigroup Inc. Sells 201,963 Shares of NiCE $NICE

Citigroup Inc. trimmed its position in shares of NiCE (NASDAQ:NICE) by 92.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,317 shares of the technology company’s stock after selling 201,963 shares during the period. Citigroup Inc.’s holdings in NiCE were worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of NiCE during the 2nd quarter valued at $40,000. Richardson Financial Services Inc. increased its holdings in NiCE by 65.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $48,000 after acquiring an additional 130 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in NiCE in the 2nd quarter worth about $60,000. Legal & General Group Plc bought a new stake in NiCE in the 2nd quarter valued at about $65,000. Finally, UMB Bank n.a. raised its stake in NiCE by 66.0% in the 3rd quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock valued at $69,000 after acquiring an additional 190 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NICE has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $155.00 target price on shares of NiCE in a research report on Friday, February 20th. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research note on Monday, December 29th. Mizuho cut their price objective on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Zacks Research upgraded shares of NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.83.

NiCE Stock Down 0.5%

Shares of NICE opened at $127.52 on Friday. NiCE has a twelve month low of $94.65 and a twelve month high of $180.61. The stock has a market cap of $8.07 billion, a PE ratio of 13.19, a P/E/G ratio of 1.49 and a beta of 0.95. The business’s 50-day moving average price is $113.27 and its 200-day moving average price is $122.93.

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

NiCE declared that its board has authorized a stock repurchase program on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.