DAVENPORT & Co LLC Has $3.42 Million Stock Holdings in NiCE $NICE

DAVENPORT & Co LLC increased its position in shares of NiCE (NASDAQ:NICE) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,219 shares of the technology company’s stock after acquiring an additional 8,998 shares during the quarter. DAVENPORT & Co LLC’s holdings in NiCE were worth $3,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in NiCE in the first quarter worth $226,000. Goldman Sachs Group Inc. boosted its position in shares of NiCE by 81.7% during the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after purchasing an additional 103,342 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of NiCE in the 1st quarter valued at $892,000. Woodline Partners LP increased its position in shares of NiCE by 18.7% in the 1st quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock valued at $3,105,000 after buying an additional 3,178 shares in the last quarter. Finally, Creative Planning increased its position in shares of NiCE by 36.5% in the 2nd quarter. Creative Planning now owns 9,644 shares of the technology company’s stock valued at $1,629,000 after buying an additional 2,577 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and set a $124.00 price objective on shares of NiCE in a research note on Monday, February 23rd. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Morgan Stanley set a $148.00 price target on NiCE in a report on Friday, February 20th. Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $155.00 price objective on shares of NiCE in a research report on Friday, February 20th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.83.

NiCE Price Performance

Shares of NASDAQ:NICE opened at $108.35 on Friday. The company’s 50-day moving average price is $113.78 and its two-hundred day moving average price is $120.63. NiCE has a one year low of $94.65 and a one year high of $180.61. The stock has a market capitalization of $6.85 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95.

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

NiCE declared that its board has authorized 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 reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership 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.