NiCE (NASDAQ:NICE) Shares Gap Up – Time to Buy?
by Scott Moore · The Cerbat GemNiCE (NASDAQ:NICE – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $112.90, but opened at $122.08. NiCE shares last traded at $124.2660, with a volume of 284,357 shares traded.
Analyst Ratings Changes
Several research firms have weighed in on NICE. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Citigroup cut shares of NiCE from a “buy” rating to a “neutral” rating and lowered their price target for the company from $184.00 to $119.00 in a report on Friday, April 10th. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a report on Thursday, February 19th. Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley set a $148.00 target price on NiCE in a research report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NiCE presently has a consensus rating of “Hold” and an average price target of $144.17.
View Our Latest Analysis on NiCE
NiCE Stock Up 10.5%
The business has a 50-day simple moving average of $111.86 and a 200-day simple moving average of $114.03. The stock has a market cap of $7.54 billion, a P/E ratio of 12.91, a PEG ratio of 1.31 and a beta of 0.82.
NiCE (NASDAQ:NICE – Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.01. NiCE had a net margin of 20.78% and a return on equity of 18.26%. The business had revenue of $786.50 million during the quarter, compared to analysts’ expectations of $779.95 million. During the same period in the previous year, the company earned $3.02 earnings per share. NiCE’s revenue for the quarter was up 9.0% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. On average, analysts predict that NiCE will post 8.89 earnings per share for the current fiscal year.
NiCE declared that its board has authorized a share buyback program on Thursday, February 19th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to buy up to 9.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Hedge Funds Weigh In On NiCE
A number of institutional investors have recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new position in shares of NiCE during the 4th quarter worth about $39,000. V Square Quantitative Management LLC bought a new position in NiCE in the 1st quarter worth approximately $40,000. Tower Research Capital LLC TRC acquired a new position in shares of NiCE during the second quarter worth approximately $40,000. Richardson Financial Services Inc. boosted its position in shares of NiCE by 65.3% in 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 period. Finally, Legal & General Group Plc acquired a new stake in shares of NiCE in the second quarter worth $65,000. 63.34% of the stock is currently owned by institutional investors.
NiCE Company 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.