Fisher Asset Management LLC Cuts Position in NiCE $NICE

Fisher Asset Management LLC trimmed its position in NiCE (NASDAQ:NICE) by 38.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,329 shares of the technology company’s stock after selling 7,673 shares during the quarter. Fisher Asset Management LLC’s holdings in NiCE were worth $1,394,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NICE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of NiCE in the third quarter valued at about $88,599,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of NiCE by 36.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 880,059 shares of the technology company’s stock valued at $99,482,000 after buying an additional 233,080 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of NiCE by 36.5% in the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock valued at $122,429,000 after buying an additional 225,936 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after buying an additional 103,342 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of NiCE by 2.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock valued at $400,884,000 after buying an additional 73,083 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Morgan Stanley lowered their target price on NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Citigroup lowered their target price on NiCE from $119.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lowered their target price on NiCE from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $136.92.

NiCE Stock Performance

Shares of NICE opened at $92.66 on Friday. The company has a market capitalization of $5.60 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.94 and a beta of 0.82. NiCE has a one year low of $84.38 and a one year high of $180.61. The stock has a 50-day moving average price of $102.18 and a 200 day moving average price of $109.13.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. The firm had revenue of $768.62 million during 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%.NiCE’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.87 earnings per share. 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 research analysts forecast that NiCE will post 9.08 earnings per share for the current fiscal year.

NiCE declared that its Board of Directors has approved a share repurchase plan on Thursday, February 19th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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.