Citizens Jmp Has Lowered Expectations for NiCE (NASDAQ:NICE) Stock Price

NiCE (NASDAQ:NICE) had its price target reduced by equities researchers at Citizens Jmp from $200.00 to $170.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s price objective points to a potential upside of 83.33% from the stock’s current price.

A number of other brokerages also recently weighed in on NICE. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a report on Friday, March 27th. Wedbush reiterated a “neutral” rating and set a $120.00 price target on shares of NiCE in a report on Friday, February 20th. Morgan Stanley set a $148.00 price target on NiCE in a report on Friday, February 20th. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a report on Thursday, February 19th. Finally, Royal Bank Of Canada decreased their price target on NiCE from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $138.42.

NiCE Stock Down 3.0%

NASDAQ NICE opened at $92.73 on Thursday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.11 and a beta of 0.82. NiCE has a twelve month low of $90.70 and a twelve month high of $180.61. The stock has a fifty day simple moving average of $111.28 and a 200 day simple moving average of $113.55.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. The business 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 17.42% and a net margin of 17.57%.NiCE’s quarterly revenue was up 9.8% on a year-over-year basis. 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. Research analysts expect that NiCE will post 8.89 earnings per share for the current fiscal year.

NiCE declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 19th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On NiCE

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in NiCE in the 2nd quarter valued at about $40,000. Richardson Financial Services Inc. lifted its position in NiCE by 65.3% in the 3rd 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 in the last quarter. Manchester Capital Management LLC bought a new position in NiCE in the 4th quarter valued at about $39,000. V Square Quantitative Management LLC bought a new position in NiCE in the 1st quarter valued at about $40,000. Finally, Legal & General Group Plc bought a new position in NiCE in the 2nd quarter valued at about $65,000. Institutional investors own 63.34% of the company’s stock.

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.