NiCE (NASDAQ:NICE) Upgraded to “Buy” at DA Davidson

NiCE (NASDAQ:NICE) was upgraded by DA Davidson from a “neutral” rating to a “buy” rating in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a $110.00 price target on the technology company’s stock. DA Davidson’s target price would indicate a potential upside of 32.29% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley reduced their price target on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $104.00 price objective on shares of NiCE in a report on Wednesday, June 10th. Wedbush cut their price objective on NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Piper Sandler reiterated a “neutral” rating and issued a $124.00 target price on shares of NiCE in a research report on Monday, February 23rd. Finally, Citizens Jmp lowered their price target on NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.

NiCE Trading Down 4.7%

NICE stock opened at $83.15 on Thursday. The firm has a 50 day simple moving average of $96.56 and a 200-day simple moving average of $106.97. The company has a market capitalization of $4.86 billion, a P/E ratio of 9.86, a PEG ratio of 0.90 and a beta of 0.78. NiCE has a twelve month low of $83.10 and a twelve month high of $175.00.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.12. The firm had revenue of $768.62 million for the quarter, compared to analysts’ expectations of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company 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. On average, research analysts predict that NiCE will post 9.08 EPS for the current year.

NiCE announced that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On NiCE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its position in NiCE by 14.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 845 shares of the technology company’s stock valued at $96,000 after purchasing an additional 106 shares during the last quarter. Qube Research & Technologies Ltd grew its position in NiCE by 1.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 11,276 shares of the technology company’s stock worth $1,633,000 after purchasing an additional 142 shares during the last quarter. Saturna Capital Corp grew its position in NiCE by 0.8% in the 4th quarter. Saturna Capital Corp now owns 18,892 shares of the technology company’s stock worth $2,136,000 after purchasing an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of NiCE by 7.8% in the first quarter. Frank Rimerman Advisors LLC now owns 2,603 shares of the technology company’s stock valued at $287,000 after purchasing an additional 189 shares during the period. Finally, Summitry LLC raised its holdings in shares of NiCE by 5.6% during the first quarter. Summitry LLC now owns 4,081 shares of the technology company’s stock valued at $450,000 after buying an additional 215 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

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.