Mediolanum International Funds Ltd Sells 15,336 Shares of NiCE $NICE

Mediolanum International Funds Ltd lowered its position in shares of NiCE (NASDAQ:NICE) by 27.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,301 shares of the technology company’s stock after selling 15,336 shares during the period. Mediolanum International Funds Ltd’s holdings in NiCE were worth $4,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NICE. AQR Capital Management LLC bought a new position in NiCE during the 1st quarter worth about $226,000. Goldman Sachs Group Inc. raised its holdings in shares of NiCE by 81.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after purchasing an additional 103,342 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of NiCE in the 1st quarter worth approximately $892,000. Woodline Partners LP lifted its position in shares of NiCE by 18.7% in the 1st quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after purchasing an additional 3,178 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of NiCE during the second quarter valued at approximately $65,000. 63.34% of the stock is currently owned by institutional investors.

NiCE Stock Up 1.2%

NASDAQ:NICE opened at $101.34 on Tuesday. NiCE has a 52 week low of $83.10 and a 52 week high of $175.00. The firm has a 50 day moving average of $92.86 and a 200 day moving average of $104.67. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.04 and a beta of 0.77.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.12. The business had revenue of $768.62 million for the quarter, compared to analyst estimates of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $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, analysts expect that NiCE will post 9.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on NICE shares. DA Davidson raised shares of NiCE from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research report on Wednesday, June 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of NiCE in a report on Wednesday, June 10th. Wedbush reduced their price target on NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Finally, Citigroup restated a “market outperform” rating on shares of NiCE in a research note on Thursday, June 11th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.17.

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.