NorthCrest Asset Manangement LLC Lowers Position in NiCE $NICE

NorthCrest Asset Manangement LLC decreased its position in shares of NiCE (NASDAQ:NICE) by 52.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,680 shares of the technology company’s stock after selling 22,693 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in NiCE were worth $2,393,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NICE. Tower Research Capital LLC TRC purchased a new stake in NiCE during the second quarter worth $40,000. Richardson Financial Services Inc. grew its position in 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 buying an additional 130 shares during the period. Legal & General Group Plc purchased a new position in NiCE in the second quarter valued at $65,000. UMB Bank n.a. increased its holdings in NiCE by 66.0% in the third quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock valued at $69,000 after buying an additional 190 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of NiCE in the third quarter worth about $74,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Stock Down 0.9%

NICE stock opened at $118.36 on Monday. NiCE has a 52 week low of $94.65 and a 52 week high of $180.61. The firm has a 50-day simple moving average of $114.20 and a 200-day simple moving average of $121.40. The stock has a market capitalization of $7.49 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.38 and a beta of 0.95.

NiCE (NASDAQ:NICE) last issued 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 net margin of 20.78% and a return on equity of 18.26%. The firm had revenue of $786.50 million for the quarter, compared to analyst estimates of $779.95 million. During the same period last year, the company posted $3.02 EPS. NiCE’s quarterly 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. On average, analysts expect that NiCE will post 9.85 earnings per share for the current year.

NiCE announced that its Board of Directors has initiated a share buyback 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 purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NICE has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their target price on NiCE from $175.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Piper Sandler reaffirmed a “neutral” rating and issued a $124.00 price target on shares of NiCE in a report on Monday, February 23rd. Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Wedbush reissued a “neutral” rating and issued a $120.00 price objective on shares of NiCE in a report on Friday, February 20th. Finally, Jefferies Financial Group restated a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $151.83.

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.