NiCE (NASDAQ:NICE) Shares Gap Down – Time to Sell?

Shares of NiCE (NASDAQ:NICE) gapped down prior to trading on Wednesday . The stock had previously closed at $103.29, but opened at $95.63. NiCE shares last traded at $96.18, with a volume of 244,647 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on NICE shares. Morgan Stanley cut their price target on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $104.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of NiCE in a report on Thursday. Citigroup reissued a “neutral” rating on shares of NiCE in a research report on Thursday. Finally, DA Davidson increased their price objective on NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NiCE presently has a consensus rating of “Hold” and a consensus target price of $129.50.

NiCE Stock Up 0.8%

The stock has a market cap of $5.72 billion, a PE ratio of 14.22, a P/E/G ratio of 1.03 and a beta of 0.74. The business has a 50 day moving average price of $94.21 and a 200 day moving average price of $102.98.

NiCE (NASDAQ:NICE) last posted its earnings results on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.63 by $0.07. NiCE had a return on equity of 15.43% and a net margin of 13.86%.The firm had revenue of $782.29 million for the quarter, compared to analyst estimates of $766.27 million. During the same period last year, the company earned $3.01 earnings per share. NiCE’s revenue for the quarter was up 7.7% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. On average, research analysts predict that NiCE will post 9.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NiCE

Several institutional investors have recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in NiCE during the fourth quarter valued at $39,000. V Square Quantitative Management LLC acquired a new position in shares of NiCE in the first quarter worth about $40,000. Tower Research Capital LLC TRC acquired a new position in shares of NiCE in the second quarter worth about $40,000. Western Wealth Management LLC acquired a new position in shares of NiCE in the first quarter worth about $44,000. Finally, Legal & General Group Plc purchased a new stake in shares of NiCE during the 2nd quarter worth about $65,000. 63.34% of the stock is owned by hedge funds and other 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.