NiCE $NICE Shares Purchased by Lakewood Capital Management LP

Lakewood Capital Management LP grew its holdings in shares of NiCE (NASDAQ:NICE) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,600 shares of the technology company’s stock after purchasing an additional 15,600 shares during the quarter. NiCE makes up about 1.0% of Lakewood Capital Management LP’s portfolio, making the stock its 29th biggest holding. Lakewood Capital Management LP owned approximately 0.15% of NiCE worth $13,841,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of NiCE in the second quarter valued at about $40,000. Richardson Financial Services Inc. boosted its position in NiCE by 65.3% during the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $48,000 after acquiring an additional 130 shares during the last quarter. Legal & General Group Plc purchased a new stake in NiCE during the 2nd quarter valued at about $65,000. UMB Bank n.a. grew its stake in NiCE by 66.0% during the 3rd quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock valued at $69,000 after acquiring an additional 190 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in NiCE in the 3rd quarter valued at about $74,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NICE shares. Morgan Stanley set a $148.00 target price on shares of NiCE in a research note on Friday, February 20th. Citizens Jmp set a $200.00 price target on NiCE in a report on Friday, November 14th. Barclays reduced their price objective on NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Rosenblatt Securities reissued a “buy” rating and set a $155.00 price objective on shares of NiCE in a research note on Friday, February 20th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $120.00 target price on shares of NiCE in a research note on Friday, February 20th. Seven investment 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 stock presently has an average rating of “Hold” and an average target price of $151.83.

NiCE Stock Performance

NICE stock opened at $117.39 on Friday. The firm has a market cap of $7.42 billion, a PE ratio of 12.14, a PEG ratio of 1.38 and a beta of 0.95. The firm’s 50 day moving average price is $114.07 and its 200-day moving average price is $122.40. NiCE has a one year low of $94.65 and a one year high of $180.61.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.01. The company had revenue of $786.50 million during the quarter, compared to analyst estimates of $779.95 million. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.02 earnings per share. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. Equities research analysts predict that NiCE will post 9.85 EPS for the current fiscal year.

NiCE declared that its Board of Directors has authorized a stock buyback program on Thursday, February 19th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

NiCE 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.