Park Avenue Securities LLC Trims Position in NiCE $NICE

Park Avenue Securities LLC decreased its holdings in shares of NiCE (NASDAQ:NICE) by 83.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,953 shares of the technology company’s stock after selling 10,093 shares during the quarter. Park Avenue Securities LLC’s holdings in NiCE were worth $221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in NiCE in the second quarter valued at $40,000. Richardson Financial Services Inc. lifted 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 buying an additional 130 shares during the period. Legal & General Group Plc acquired a new stake in NiCE in the 2nd quarter worth about $65,000. UMB Bank n.a. boosted its stake in NiCE by 66.0% in the 3rd quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock worth $69,000 after buying an additional 190 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased 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.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of NiCE in a research note on Friday, February 20th. Royal Bank Of Canada lowered their target price on shares of NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Piper Sandler reaffirmed a “neutral” rating and set a $124.00 price target on shares of NiCE in a research report on Monday, February 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $155.00 price target on shares of NiCE in a research note on Friday, February 20th. Finally, Morgan Stanley set a $148.00 price target on shares of NiCE in a report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $151.83.

NiCE Stock Up 0.4%

NiCE stock opened at $108.77 on Tuesday. The firm has a fifty day moving average of $113.71 and a 200-day moving average of $120.08. NiCE has a 52-week low of $94.65 and a 52-week high of $180.61. The firm has a market capitalization of $6.57 billion, a P/E ratio of 11.25, a PEG ratio of 1.26 and a beta of 0.95.

NiCE (NASDAQ:NICE) last posted its earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.01. NiCE had a net margin of 20.78% and a return on equity of 18.26%. The business had revenue of $786.50 million for the quarter, compared to analyst estimates of $779.95 million. During the same quarter in the previous year, the business posted $3.02 EPS. The business’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. On average, research analysts expect that NiCE will post 9.85 EPS for the current fiscal year.

NiCE announced that its board has initiated a share repurchase plan on Thursday, February 19th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are 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.