NiCE (NASDAQ:NICE) Short Interest Up 21.2% in February

NiCE (NASDAQ:NICE) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,216,949 shares, a growth of 21.2% from the February 12th total of 3,478,529 shares. Currently, 6.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,130,527 shares, the short-interest ratio is presently 3.7 days. Based on an average daily trading volume, of 1,130,527 shares, the short-interest ratio is presently 3.7 days. Currently, 6.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NICE. Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Rosenblatt Securities reissued a “buy” rating and set a $155.00 price target on shares of NiCE in a research report on Friday, February 20th. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a report on Thursday, February 19th. DA Davidson reduced their target price on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, Morgan Stanley set a $148.00 target price on shares of NiCE in a report on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $151.83.

Institutional Trading of NiCE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in NiCE during the fourth quarter worth $39,000. Tower Research Capital LLC TRC acquired a new stake in shares of NiCE in the second quarter valued at $40,000. Richardson Financial Services Inc. raised its holdings in shares of NiCE by 65.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $48,000 after buying an additional 130 shares during the period. Legal & General Group Plc acquired a new position in NiCE during the 2nd quarter worth about $65,000. Finally, UMB Bank n.a. lifted 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 worth $69,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Stock Up 0.9%

NASDAQ:NICE traded up $1.03 on Tuesday, reaching $118.87. The company’s stock had a trading volume of 252,096 shares, compared to its average volume of 897,459. NiCE has a 12-month low of $94.65 and a 12-month high of $180.61. The stock has a 50 day moving average price of $114.11 and a 200 day moving average price of $121.98. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95.

NiCE (NASDAQ:NICE) last released its quarterly 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 analysts’ expectations of $779.95 million. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.02 EPS. 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 expect that NiCE will post 9.85 EPS for the current fiscal year.

NiCE declared that its Board of Directors has approved a stock repurchase program on Thursday, February 19th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is 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.