NiCE $NICE Shares Sold by Broyhill Asset Management LLC

Broyhill Asset Management LLC lessened its holdings in shares of NiCE (NASDAQ:NICE) by 22.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,196 shares of the technology company’s stock after selling 4,849 shares during the quarter. NiCE comprises about 2.2% of Broyhill Asset Management LLC’s holdings, making the stock its 17th biggest holding. Broyhill Asset Management LLC’s holdings in NiCE were worth $2,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NICE. FORA Capital LLC purchased a new stake in NiCE during the 3rd quarter worth approximately $476,000. Quadrature Capital Ltd purchased a new position in NiCE in the 3rd quarter valued at approximately $2,349,000. Sei Investments Co. grew its stake in shares of NiCE by 27.4% in the third quarter. Sei Investments Co. now owns 149,599 shares of the technology company’s stock worth $21,658,000 after acquiring an additional 32,180 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of NiCE by 2.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock worth $400,884,000 after acquiring an additional 73,083 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of NiCE by 34.8% during the third quarter. Quadrant Capital Group LLC now owns 2,787 shares of the technology company’s stock worth $404,000 after acquiring an additional 720 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NICE shares. Citigroup lifted their target price on NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their price objective on NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Piper Sandler reissued a “neutral” rating and set a $124.00 price objective on shares of NiCE in a research report on Monday, February 23rd. Finally, Barclays cut their target price on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $151.83.

NiCE Price Performance

Shares of NASDAQ NICE opened at $117.39 on Friday. The business has a 50-day moving average of $114.07 and a two-hundred day moving average of $122.40. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. NiCE has a 1 year low of $94.65 and a 1 year high of $180.61.

NiCE (NASDAQ:NICE) last issued its earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.01. The business 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $3.02 EPS. 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 expect that NiCE will post 9.85 earnings per share for the current year.

NiCE announced that its Board of Directors has approved a stock buyback 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 purchase up to 9.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.