Private Management Group Inc. Grows Holdings in NiCE $NICE

Private Management Group Inc. grew its holdings in NiCE (NASDAQ:NICE) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,082 shares of the technology company’s stock after purchasing an additional 110,541 shares during the period. Private Management Group Inc.’s holdings in NiCE were worth $30,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NICE. AQR Capital Management LLC purchased a new stake in NiCE in the first quarter worth $226,000. Goldman Sachs Group Inc. increased its stake in NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after purchasing an additional 103,342 shares during the period. Empowered Funds LLC purchased a new stake in NiCE in the first quarter worth $892,000. Woodline Partners LP increased its stake in NiCE by 18.7% in the first 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 purchased a new stake in NiCE in the second quarter worth $65,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Stock Performance

Shares of NASDAQ NICE opened at $88.08 on Friday. The company has a market cap of $5.32 billion, a PE ratio of 10.45, a P/E/G ratio of 0.91 and a beta of 0.78. The business has a 50-day simple moving average of $98.65 and a two-hundred day simple moving average of $107.49. NiCE has a fifty-two week low of $84.38 and a fifty-two week high of $175.14.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, topping the consensus estimate 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%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last 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. On average, sell-side analysts predict that NiCE will post 9.08 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Citizens Jmp cut their price target on NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 7th. Rosenblatt Securities restated a “buy” rating and set a $155.00 price target on shares of NiCE in a research note on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of NiCE in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $132.83.

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.