Parnassus Investments LLC Buys 56,003 Shares of NiCE $NICE

Parnassus Investments LLC grew its stake in NiCE (NASDAQ:NICE) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 524,909 shares of the technology company’s stock after acquiring an additional 56,003 shares during the period. Parnassus Investments LLC’s holdings in NiCE were worth $59,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Manchester Capital Management LLC acquired a new position in shares of NiCE in the 4th quarter valued at approximately $39,000. Tower Research Capital LLC TRC acquired a new position in shares of NiCE in the 2nd quarter valued at approximately $40,000. Legal & General Group Plc acquired a new position in shares of NiCE in the 2nd quarter valued at approximately $65,000. BOK Financial Private Wealth Inc. acquired a new position in shares of NiCE in the 4th quarter valued at approximately $146,000. Finally, Parallel Advisors LLC grew its position in shares of NiCE by 47.0% in the 4th quarter. Parallel Advisors LLC now owns 1,391 shares of the technology company’s stock valued at $157,000 after purchasing an additional 445 shares during the period. 63.34% of the stock is owned by institutional investors.

NiCE Stock Down 0.3%

NASDAQ:NICE opened at $88.08 on Friday. NiCE has a twelve month low of $84.38 and a twelve month high of $175.14. The business has a 50 day moving average price of $98.65 and a two-hundred day moving average price of $107.49. The company has a market cap of $5.32 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 0.91 and a beta of 0.78.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The firm had revenue of $768.62 million during the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the prior year, the firm posted $2.87 EPS. The business’s 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. As a group, analysts anticipate that NiCE will post 9.08 earnings per share for the current fiscal year.

NiCE declared that its board has authorized a share 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 buy up to 9.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of NiCE in a research report on Thursday. Wedbush decreased their price objective on NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $104.00 price objective on shares of NiCE in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of NiCE in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $132.83.

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.