NiCE (NASDAQ:NICE) Upgraded at Oppenheimer

Oppenheimer upgraded shares of NiCE (NASDAQ:NICE) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have $150.00 price target on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 target price on shares of NiCE in a research note on Wednesday, June 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of NiCE in a research note on Thursday, August 6th. Wedbush lowered their price target on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. DA Davidson raised their price objective on shares of NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a report on Monday, September 21st. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NiCE presently has an average rating of “Hold” and a consensus target price of $132.23.

NiCE Trading Down 2.2%

NICE stock opened at $113.90 on Wednesday. The firm has a market capitalization of $6.66 billion, a PE ratio of 16.58, a PEG ratio of 1.26 and a beta of 0.76. NiCE has a 1-year low of $83.10 and a 1-year high of $141.10. The business’s 50 day simple moving average is $104.51 and its 200 day simple moving average is $100.75.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results 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. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The business had revenue of $782.29 million during the quarter, compared to the consensus estimate of $766.27 million. During the same quarter last year, the firm posted $3.01 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. 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, sell-side analysts predict that NiCE will post 8.66 EPS for the current fiscal year.

Insider Activity

In other news, VP Udi Dayan sold 500 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total value of $50,000.00. Following the completion of the sale, the vice president owned 500 shares of the company’s stock, valued at approximately $50,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On NiCE

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in NiCE by 1,637.6% in the 1st quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock worth $504,874,000 after purchasing an additional 4,315,414 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of NiCE by 22.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,256,752 shares of the technology company’s stock worth $142,063,000 after purchasing an additional 227,631 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of NiCE by 16.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock worth $113,366,000 after purchasing an additional 148,113 shares in the last quarter. Brandes Investment Partners LP bought a new position in shares of NiCE during the fourth quarter worth approximately $79,944,000. Finally, Parnassus Investments LLC increased its holdings in shares of NiCE by 11.9% during the fourth quarter. Parnassus Investments LLC now owns 524,909 shares of the technology company’s stock worth $59,336,000 after purchasing an additional 56,003 shares during the period. 63.34% of the stock is owned by institutional investors.

About NiCE

NiCE Ltd., formerly known as NICE-Systems, is an Israeli technology company that provides cloud-based software and artificial intelligence solutions for customer experience and business operations. Its platforms help organizations manage customer interactions across contact centers and digital channels, while supporting employee engagement, workflow automation, analytics and decision-making.

The company’s portfolio includes CXone, a cloud customer experience platform that combines contact center, workforce management, quality management, analytics and automation capabilities.