NiCE (NASDAQ:NICE) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of NiCE (NASDAQ:NICE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $101.22 and traded as high as $116.03. NiCE shares last traded at $114.54, with a volume of 1,173,524 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NICE shares. Wedbush lowered their price objective on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of NiCE in a research report on Wednesday, June 10th. Citigroup reissued a “neutral” rating on shares of NiCE in a research note on Thursday, August 6th. DA Davidson upped their price target on shares of NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $104.00 price objective on shares of NiCE in a report on Wednesday, June 10th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $129.50.

NiCE Stock Performance

The stock has a market capitalization of $6.88 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75. The stock has a 50-day moving average price of $101.75 and a two-hundred day moving average price of $101.16.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.07. The company had revenue of $782.29 million during the quarter, compared to the consensus estimate of $766.27 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. NiCE’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.01 earnings per share. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. Equities analysts anticipate that NiCE will post 8.66 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Udi Dayan sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the sale, the vice president owned 500 shares in the company, valued at $50,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On NiCE

A number of hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP boosted its stake in NiCE by 292.1% during the 2nd quarter. Engineers Gate Manager LP now owns 38,353 shares of the technology company’s stock valued at $3,484,000 after purchasing an additional 28,571 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new position in shares of NiCE in the second quarter worth $5,822,000. Allworth Financial LP raised its stake in shares of NiCE by 24.6% in the second quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock worth $79,000 after purchasing an additional 172 shares during the last quarter. Plan A Wealth LLC lifted its holdings in shares of NiCE by 14.2% during the second quarter. Plan A Wealth LLC now owns 2,299 shares of the technology company’s stock valued at $209,000 after purchasing an additional 286 shares in the last quarter. Finally, American Capital Management Inc. purchased a new stake in shares of NiCE during the second quarter valued at $12,414,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NiCE Company Profile

NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.