NiCE (NASDAQ:NICE) Hits New 1-Year Low – Here’s What Happened

NiCE (NASDAQ:NICE) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $83.10 and last traded at $83.2690, with a volume of 768211 shares. The stock had previously closed at $87.23.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NICE. Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Piper Sandler reaffirmed a “neutral” rating and set a $124.00 price objective on shares of NiCE in a report on Monday, February 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 price objective on shares of NiCE in a report on Wednesday, June 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $155.00 price objective on shares of NiCE in a report on Wednesday, June 10th. Finally, Citizens Jmp decreased their price objective on NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a report on Thursday, May 7th. Seven research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $132.83.

NiCE Trading Down 4.7%

The stock has a market cap of $4.86 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.90 and a beta of 0.78. The company has a 50-day moving average price of $97.17 and a two-hundred day moving average price of $107.13.

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

NiCE declared that its board has authorized a stock buyback plan 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 plans are often an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On NiCE

Several large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its position in shares of NiCE by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 845 shares of the technology company’s stock valued at $96,000 after purchasing an additional 106 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of NiCE by 1.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 11,276 shares of the technology company’s stock valued at $1,633,000 after purchasing an additional 142 shares during the last quarter. Saturna Capital Corp increased its position in shares of NiCE by 0.8% during the 4th quarter. Saturna Capital Corp now owns 18,892 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC increased its position in shares of NiCE by 7.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 2,603 shares of the technology company’s stock valued at $287,000 after purchasing an additional 189 shares during the last quarter. Finally, Summitry LLC increased its position in shares of NiCE by 5.6% during the 1st quarter. Summitry LLC now owns 4,081 shares of the technology company’s stock valued at $450,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

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.