Tidal Investments LLC Sells 11,398 Shares of NiCE $NICE

Tidal Investments LLC cut its position in NiCE (NASDAQ:NICE) by 9.7% in the second quarter, HoldingsChannel.com reports. The firm owned 106,562 shares of the technology company’s stock after selling 11,398 shares during the quarter. Tidal Investments LLC’s holdings in NiCE were worth $9,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in NiCE by 1,637.6% during the 1st quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock valued at $504,874,000 after buying an additional 4,315,414 shares in the last quarter. RPD Fund Management LLC purchased a new stake in NiCE during the fourth quarter valued at approximately $100,154,000. Brandes Investment Partners LP purchased a new stake in NiCE during the 4th quarter valued at $79,944,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of NiCE in the 3rd quarter worth about $88,599,000. Finally, Kopernik Global Investors LLC purchased a new stake in NiCE in the 1st quarter worth about $27,670,000. Institutional investors own 63.34% of the company’s stock.

Insider Buying and Selling

In related news, VP Udi Dayan sold 500 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $100.00, for a total transaction of $50,000.00. Following the sale, the vice president owned 500 shares in the company, valued at approximately $50,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of NiCE in a research report on Thursday, August 6th. DA Davidson upped their target price on NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. 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, June 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $104.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of NiCE in a report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NiCE currently has an average rating of “Hold” and a consensus target price of $129.50.

NiCE Stock Performance

NASDAQ:NICE opened at $98.18 on Friday. The firm’s fifty day moving average is $100.49 and its two-hundred day moving average is $101.71. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.06 and a beta of 0.75. NiCE has a one year low of $83.10 and a one year high of $153.68.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.07. The business had revenue of $782.29 million during the quarter, compared to analysts’ expectations of $766.27 million. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.01 EPS. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. As a group, equities research analysts predict that NiCE will post 8.66 earnings per share for the current fiscal year.

NiCE Company Profile

NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.