NiCE $NICE Shares Sold by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. trimmed its holdings in shares of NiCE (NASDAQ:NICE) by 31.7% during the fourth quarter, Holdings Channel reports. The firm owned 584,209 shares of the technology company’s stock after selling 271,072 shares during the quarter. NiCE comprises 3.3% of Black Creek Investment Management Inc.’s portfolio, making the stock its 13th largest holding. Black Creek Investment Management Inc.’s holdings in NiCE were worth $66,039,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of NiCE during the second quarter worth $40,000. Manchester Capital Management LLC acquired a new stake in shares of NiCE during the fourth quarter worth $39,000. Legal & General Group Plc acquired a new stake in shares of NiCE during the second quarter worth $65,000. Steward Partners Investment Advisory LLC raised its holdings in shares of NiCE by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 845 shares of the technology company’s stock worth $96,000 after purchasing an additional 106 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of NiCE during the fourth quarter worth $98,000. 63.34% of the stock is owned by institutional investors and hedge funds.

NiCE Stock Up 0.7%

NICE stock opened at $88.71 on Friday. NiCE has a fifty-two week low of $84.38 and a fifty-two week high of $175.00. The firm’s 50-day simple moving average is $98.22 and its 200 day simple moving average is $107.36. The stock has a market cap of $5.18 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 0.92 and a beta of 0.78.

NiCE (NASDAQ:NICE) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The business had revenue of $768.62 million for the quarter, compared to analysts’ expectations of $760.94 million. During the same quarter last year, the company earned $2.87 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. Equities analysts forecast that NiCE will post 9.08 EPS for the current fiscal year.

NiCE announced that its board has authorized 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 buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on NICE shares. Citizens Jmp dropped their target price on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a report on Thursday, May 7th. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a report on Thursday, February 19th. Piper Sandler reissued a “neutral” rating and set a $124.00 target price on shares of NiCE in a report on Monday, February 23rd. Rosenblatt Securities reissued a “buy” rating and set a $155.00 target price on shares of NiCE in a report on Wednesday. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $104.00 target price on shares of NiCE in a report on Wednesday. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $132.83.

NiCE 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.