HighTower Advisors LLC Has $5.19 Million Stock Position in NiCE $NICE

HighTower Advisors LLC increased its holdings in shares of NiCE (NASDAQ:NICE) by 44.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,835 shares of the technology company’s stock after purchasing an additional 10,947 shares during the period. HighTower Advisors LLC’s holdings in NiCE were worth $5,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lakewood Asset Management LLC lifted its stake in NiCE by 478.5% in the 3rd quarter. Lakewood Asset Management LLC now owns 12,791 shares of the technology company’s stock valued at $1,852,000 after purchasing an additional 10,580 shares during the last quarter. Truist Financial Corp acquired a new position in shares of NiCE during the third quarter worth $1,230,000. Mediolanum International Funds Ltd lifted its stake in shares of NiCE by 101.7% in the 3rd quarter. Mediolanum International Funds Ltd now owns 44,940 shares of the technology company’s stock valued at $6,578,000 after acquiring an additional 22,664 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of NiCE by 3.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new stake in shares of NiCE during the 3rd quarter valued at $1,381,000. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

NICE has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NiCE in a research note on Friday. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Piper Sandler reissued a “neutral” rating and set a $124.00 target price on shares of NiCE in a report on Monday. Finally, Mizuho dropped their price target on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $151.83.

NiCE Stock Performance

Shares of NASDAQ NICE opened at $114.36 on Tuesday. The company’s 50 day moving average price is $111.55 and its 200-day moving average price is $124.08. NiCE has a 52-week low of $94.65 and a 52-week high of $180.61. The company has a market capitalization of $7.23 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96.

NiCE (NASDAQ:NICE) last announced its earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.01. The business had revenue of $786.50 million during the quarter, compared to the consensus estimate of $779.95 million. NiCE had a net margin of 20.78% and a return on equity of 18.26%. NiCE’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $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. Analysts forecast that NiCE will post 9.85 earnings per share for the current year.

NiCE declared that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About NiCE

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.