Short Interest in NiCE (NASDAQ:NICE) Declines By 14.3%

NiCE (NASDAQ:NICE) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 3,615,321 shares, a decrease of 14.3% from the February 26th total of 4,216,949 shares. Based on an average daily trading volume, of 689,039 shares, the short-interest ratio is currently 5.2 days. Currently, 5.7% of the shares of the company are short sold.

NiCE Price Performance

Shares of NASDAQ NICE traded up $0.30 during mid-day trading on Wednesday, reaching $110.56. The company’s stock had a trading volume of 132,196 shares, compared to its average volume of 828,007. NiCE has a 52 week low of $94.65 and a 52 week high of $180.61. The stock has a fifty day moving average of $113.68 and a two-hundred day moving average of $119.85. The firm has a market capitalization of $6.68 billion, a PE ratio of 11.45, a P/E/G ratio of 1.26 and a beta of 0.95.

NiCE (NASDAQ:NICE) last issued its earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.01. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The company had revenue of $786.50 million for the quarter, compared to the consensus estimate of $779.95 million. During the same quarter last year, the company earned $3.02 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. Analysts anticipate that NiCE will post 9.85 EPS for the current fiscal year.

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

Hedge Funds Weigh In On NiCE

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vulcan Value Partners LLC lifted its stake in NiCE by 15.6% in the 4th quarter. Vulcan Value Partners LLC now owns 870,733 shares of the technology company’s stock worth $98,404,000 after purchasing an additional 117,417 shares in the last quarter. Corecam Pte. Ltd. grew its position in shares of NiCE by 2.0% during the fourth quarter. Corecam Pte. Ltd. now owns 31,200 shares of the technology company’s stock valued at $3,527,000 after purchasing an additional 600 shares in the last quarter. MidFirst Bank bought a new stake in shares of NiCE in the fourth quarter worth about $69,000. Corient Private Wealth LLC increased its holdings in shares of NiCE by 49.8% in the fourth quarter. Corient Private Wealth LLC now owns 15,258 shares of the technology company’s stock worth $1,705,000 after purchasing an additional 5,070 shares during the last quarter. Finally, Corecam AG purchased a new stake in shares of NiCE in the fourth quarter worth about $1,809,000. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NICE shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research note on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $155.00 target price on shares of NiCE in a report on Friday, February 20th. Wedbush reiterated a “neutral” rating and set a $120.00 target price on shares of NiCE in a research report on Friday, February 20th. Morgan Stanley set a $148.00 price target on NiCE in a report on Friday, February 20th. Finally, Royal Bank Of Canada reduced their price target on NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $151.83.

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.