NiCE (NASDAQ:NICE) Hits New 1-Year Low – Here’s What Happened

NiCE (NASDAQ:NICE)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $83.10 and last traded at $83.2690, with a volume of 768211 shares. The stock had previously closed at $87.23.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 target price on shares of NiCE in a report on Wednesday, June 10th. Citigroup restated a “market outperform” rating on shares of NiCE in a report on Thursday, June 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 target price on shares of NiCE in a report on Wednesday, June 10th. Rosenblatt Securities restated a “buy” rating and issued a $155.00 target price on shares of NiCE in a report on Wednesday, June 10th. Finally, Jefferies Financial Group restated a “hold” rating on shares of NiCE in a report on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $132.83.

NiCE Price Performance

The business has a 50 day moving average of $97.17 and a 200 day moving average of $107.13. The company has a market cap of $4.86 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.90 and a beta of 0.78.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. The company had revenue of $768.62 million during the quarter, compared to analyst estimates of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.87 earnings per share. 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 forecast that NiCE will post 9.08 EPS for the current fiscal year.

NiCE declared that its board has initiated a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On NiCE

Several large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in NiCE by 1,637.6% in the 1st quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock worth $504,874,000 after purchasing an additional 4,315,414 shares in the last quarter. RPD Fund Management LLC purchased a new position in NiCE in the 4th quarter worth approximately $100,154,000. Brandes Investment Partners LP purchased a new position in NiCE in the 4th quarter worth approximately $79,944,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in NiCE in the 3rd quarter worth approximately $88,599,000. Finally, Kopernik Global Investors LLC purchased a new position in NiCE in the 1st quarter worth approximately $27,670,000. 63.34% of the stock is currently owned by institutional investors.

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.