707,208 Shares in NiCE $NICE Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP purchased a new position in NiCE (NASDAQ:NICE) in the 4th quarter, Holdings Channel.com reports. The firm purchased 707,208 shares of the technology company’s stock, valued at approximately $79,944,000.

Several other hedge funds have also recently added to or reduced their stakes in NICE. AQR Capital Management LLC acquired a new position in NiCE in the first quarter worth about $226,000. Goldman Sachs Group Inc. raised its position in NiCE by 81.7% in 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 bought a new stake in NiCE during the first quarter worth about $892,000. Woodline Partners LP grew its stake in NiCE by 18.7% during the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after buying an additional 3,178 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in NiCE during the second quarter worth about $65,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NiCE Trading Down 3.0%

Shares of NiCE stock opened at $88.62 on Wednesday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.95 and a beta of 0.78. NiCE has a 1-year low of $84.38 and a 1-year high of $180.61. The firm’s 50-day moving average price is $99.50 and its two-hundred day moving average price is $107.69.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $2.87 earnings per share. NiCE’s revenue 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. As a group, equities research analysts predict that NiCE will post 9.08 EPS for the current year.

NiCE announced that its board has approved 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 repurchase up to 9.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NICE has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of NiCE from $119.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada decreased their price objective on shares of NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. 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. Finally, Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of NiCE in a research note on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NiCE has an average rating of “Hold” and an average price target of $136.92.

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.