NiCE (NASDAQ:NICE) Shares Down 4.9% – Should You Sell?

NiCE (NASDAQ:NICE) shares were down 4.9% during mid-day trading on Tuesday . The company traded as low as $95.81 and last traded at $96.3550. 143,132 shares were traded during mid-day trading, a decline of 81% from the average session volume of 739,909 shares. The stock had previously closed at $101.34.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wedbush decreased their price target on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. DA Davidson raised shares of NiCE from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Thursday, June 18th. Rosenblatt Securities restated a “buy” rating and issued a $155.00 target price on shares of NiCE in a report on Wednesday, June 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of NiCE in a report on Wednesday, June 10th. Finally, Citigroup restated a “market outperform” rating on shares of NiCE in a research note on Thursday, June 11th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

NiCE Stock Down 7.4%

The stock has a 50-day moving average of $92.86 and a 200 day moving average of $104.67. The company has a market capitalization of $5.48 billion, a PE ratio of 11.13, a P/E/G ratio of 1.04 and a beta of 0.77.

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, topping the consensus estimate of $2.52 by $0.12. The business had revenue of $768.62 million for the quarter, compared to analysts’ expectations of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts forecast that NiCE will post 9.08 EPS for the current fiscal year.

Hedge Funds Weigh In On NiCE

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in NiCE by 1,637.6% during the first quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock worth $504,874,000 after buying an additional 4,315,414 shares during the last quarter. FIL Ltd boosted its stake in NiCE by 0.7% in the fourth quarter. FIL Ltd now owns 1,732,137 shares of the technology company’s stock valued at $195,801,000 after acquiring an additional 11,433 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of 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 during the period. Artisan Partners Limited Partnership increased its stake 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 during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake 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 during the last quarter. Institutional investors own 63.34% of the company’s stock.

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.