NiCE $NICE Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in NiCE (NASDAQ:NICE) by 154.3% in the 4th quarter, HoldingsChannel reports. The fund owned 16,880 shares of the technology company’s stock after purchasing an additional 10,243 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NiCE were worth $1,889,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NICE. AQR Capital Management LLC purchased a new position in NiCE in the first quarter worth approximately $226,000. Goldman Sachs Group Inc. grew its position in NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after acquiring an additional 103,342 shares during the period. Empowered Funds LLC purchased a new position in NiCE in the first quarter worth approximately $892,000. Woodline Partners LP grew its position in NiCE by 18.7% in the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after acquiring an additional 3,178 shares during the period. Finally, Legal & General Group Plc purchased a new position in NiCE in the second quarter worth approximately $65,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NICE shares. Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Royal Bank Of Canada lowered their price objective on NiCE from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research report on Friday, March 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $155.00 price objective on shares of NiCE in a research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $136.92.

NiCE Stock Down 1.4%

NICE opened at $91.39 on Tuesday. NiCE has a 52 week low of $89.03 and a 52 week high of $180.61. The business has a fifty day simple moving average of $110.43 and a 200-day simple moving average of $112.96. The firm has a market cap of $5.52 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.08 and a beta of 0.82.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.52 by $0.12. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The business had revenue of $768.62 million during the quarter, compared to analyst estimates of $760.94 million. During the same period last year, the business posted $2.87 earnings per share. The company’s quarterly revenue 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. Sell-side analysts expect that NiCE will post 8.92 earnings per share for the current year.

NiCE declared that its board has approved a stock repurchase program on Thursday, February 19th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to purchase up to 9.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.