NiCE (NASDAQ:NICE) Short Interest Down 14.3% in March

NiCE (NASDAQ:NICE) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,615,321 shares, a decline of 14.3% from the February 26th total of 4,216,949 shares. Based on an average daily volume of 689,039 shares, the days-to-cover ratio is presently 5.2 days. Approximately 5.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NICE shares. Rosenblatt Securities restated a “buy” rating and set a $155.00 target price on shares of NiCE in a 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. Royal Bank Of Canada reduced their price target on shares of NiCE from $175.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a report on Thursday, February 19th. Finally, Morgan Stanley set a $148.00 price objective on shares of NiCE in a research report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $151.83.

NiCE Stock Performance

Shares of NiCE stock opened at $110.11 on Thursday. The firm has a fifty day moving average of $113.62 and a two-hundred day moving average of $119.79. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.28 and a beta of 0.97. NiCE has a 52 week low of $94.65 and a 52 week high of $180.61.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share (EPS) 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 firm’s revenue was up 9.0% on a year-over-year basis. During the same period 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, research analysts forecast that NiCE will post 9.85 EPS for the current fiscal year.

NiCE announced that its Board of Directors has authorized a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On NiCE

Several large investors have recently bought and sold shares of NICE. Tower Research Capital LLC TRC bought a new position in shares of NiCE during the second quarter worth $40,000. Richardson Financial Services Inc. increased its position in shares of NiCE by 65.3% in the 3rd 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 in the last quarter. Manchester Capital Management LLC acquired a new stake in NiCE during the 4th quarter worth $39,000. Legal & General Group Plc bought a new position in NiCE during the second quarter worth about $65,000. Finally, UMB Bank n.a. lifted its holdings in NiCE by 66.0% during the third quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock worth $69,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

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.