NiCE (NASDAQ:NICE) Receives Outperform Rating from Royal Bank Of Canada

NiCE (NASDAQ:NICE)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research report issued on Wednesday,Benzinga reports. They presently have a $130.00 price target on the technology company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 46.83% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $104.00 target price on shares of NiCE in a report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of NiCE in a research note on Monday, February 23rd. Rosenblatt Securities reissued a “buy” rating and set a $155.00 target price on shares of NiCE in a research note on Wednesday. Morgan Stanley dropped their price target on NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Wedbush reduced their price objective on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $132.83.

NiCE Trading Down 0.1%

NICE stock traded down $0.08 during trading on Wednesday, reaching $88.54. The stock had a trading volume of 233,355 shares, compared to its average volume of 783,725. The stock’s 50 day moving average is $99.50 and its two-hundred day moving average is $107.69. The firm has a market cap of $5.35 billion, a PE ratio of 10.50, a PEG ratio of 0.95 and a beta of 0.78. NiCE has a 52 week low of $84.38 and a 52 week high of $180.61.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The company had revenue of $768.62 million for the quarter, compared to the consensus estimate of $760.94 million. During the same quarter last year, the firm posted $2.87 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. On average, research analysts anticipate that NiCE will post 9.08 EPS for the current year.

NiCE announced that its board has authorized a share repurchase program on Thursday, February 19th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On NiCE

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its position in NiCE by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 845 shares of the technology company’s stock worth $96,000 after buying an additional 106 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of NiCE by 1.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 11,276 shares of the technology company’s stock worth $1,633,000 after acquiring an additional 142 shares during the last quarter. Saturna Capital Corp grew its holdings in NiCE by 0.8% during the 4th quarter. Saturna Capital Corp now owns 18,892 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in NiCE by 7.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 2,603 shares of the technology company’s stock worth $287,000 after purchasing an additional 189 shares during the period. Finally, Summitry LLC increased its stake in NiCE by 5.6% in the first quarter. Summitry LLC now owns 4,081 shares of the technology company’s stock worth $450,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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.