Milford Funds Ltd. Invests $7.55 Million in NiCE $NICE

Milford Funds Ltd. bought a new position in shares of NiCE (NASDAQ:NICE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 66,797 shares of the technology company’s stock, valued at approximately $7,551,000. Milford Funds Ltd. owned 0.11% of NiCE as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in NiCE by 0.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,646,690 shares of the technology company’s stock valued at $186,142,000 after acquiring an additional 15,000 shares in the last quarter. Madison Asset Management LLC bought a new stake in NiCE during the 3rd quarter valued at $1,381,000. Oppenheimer Asset Management Inc. boosted its position in NiCE by 127.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 25,796 shares of the technology company’s stock valued at $2,916,000 after acquiring an additional 14,430 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in NiCE by 25.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 120,457 shares of the technology company’s stock valued at $17,440,000 after acquiring an additional 24,070 shares in the last quarter. Finally, US Bancorp DE boosted its position in NiCE by 35.3% during the 3rd quarter. US Bancorp DE now owns 36,514 shares of the technology company’s stock valued at $5,286,000 after acquiring an additional 9,519 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Trading Up 0.7%

NASDAQ NICE opened at $88.71 on Friday. The firm’s fifty day simple moving average is $98.22 and its two-hundred day simple moving average is $107.36. NiCE has a 12-month low of $84.38 and a 12-month high of $175.00. The firm has a market capitalization of $5.18 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.91 and a beta of 0.78.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.12. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The business had revenue of $768.62 million for the quarter, compared to analyst estimates of $760.94 million. During the same period in the previous year, the company earned $2.87 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. As a group, sell-side analysts predict that NiCE will post 9.08 earnings per share for the current fiscal year.

NiCE declared that its board has initiated a stock buyback program on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on NICE shares. Wedbush dropped their target price on NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and set a $124.00 target price on shares of NiCE in a research report on Monday, February 23rd. Morgan Stanley dropped their target price on NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research report on Friday, March 27th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $104.00 target price on shares of NiCE in a research report on Wednesday. Seven 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. According to MarketBeat, NiCE has an average rating of “Hold” and an average target price of $132.83.

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.