NiCE (NASDAQ:NICE) Shares Gap Down – Should You Sell?

NiCE (NASDAQ:NICE)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $125.01, but opened at $106.10. NiCE shares last traded at $100.2540, with a volume of 657,731 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada cut their target price on NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup cut their target price on NiCE from $119.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research report on Friday, March 27th. Rosenblatt Securities restated a “buy” rating and set a $155.00 target price on shares of NiCE in a research report on Friday, February 20th. Finally, Morgan Stanley set a $148.00 target price on NiCE in a research report 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $138.42.

NiCE Stock Down 3.0%

The stock has a market capitalization of $5.60 billion, a PE ratio of 11.00, a P/E/G ratio of 1.13 and a beta of 0.82. The firm has a 50 day moving average price of $111.28 and a 200 day moving average price of $113.55.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate 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 17.25% and a net margin of 17.57%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period 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. On average, equities analysts forecast that NiCE will post 8.89 earnings per share for the current fiscal year.

NiCE announced that its Board of Directors has approved a stock repurchase program on Thursday, February 19th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of NiCE

Several institutional investors and hedge funds have recently modified their holdings of NICE. Manchester Capital Management LLC purchased a new stake in shares of NiCE in the fourth quarter worth approximately $39,000. V Square Quantitative Management LLC purchased a new stake in shares of NiCE in the first quarter worth approximately $40,000. Tower Research Capital LLC TRC purchased a new stake in shares of NiCE during the second quarter valued at approximately $40,000. Richardson Financial Services Inc. increased its position in shares of NiCE by 65.3% during the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $48,000 after acquiring an additional 130 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of NiCE during the second quarter valued at approximately $65,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

About NiCE

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.