TimesSquare Capital Management LLC Lowers Holdings in NiCE $NICE

TimesSquare Capital Management LLC decreased its holdings in NiCE (NASDAQ:NICE) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 282,632 shares of the technology company’s stock after selling 11,790 shares during the quarter. TimesSquare Capital Management LLC’s holdings in NiCE were worth $31,949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of NiCE by 2.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock valued at $400,884,000 after purchasing an additional 73,083 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in NiCE by 0.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,646,690 shares of the technology company’s stock worth $186,142,000 after acquiring an additional 15,000 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in NiCE by 3.8% in the third quarter. Artisan Partners Limited Partnership now owns 1,029,121 shares of the technology company’s stock worth $148,996,000 after acquiring an additional 37,973 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in NiCE by 36.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 880,059 shares of the technology company’s stock worth $99,482,000 after acquiring an additional 233,080 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in NiCE by 36.5% in the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock worth $122,429,000 after acquiring an additional 225,936 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Trading Up 3.0%

NICE stock opened at $92.41 on Tuesday. NiCE has a twelve month low of $84.38 and a twelve month high of $180.61. The company’s 50 day moving average is $107.07 and its two-hundred day moving average is $111.38. The stock has a market cap of $5.58 billion, a P/E ratio of 10.96, a PEG ratio of 0.93 and a beta of 0.82.

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

NiCE announced that its board has authorized a share repurchase program on Thursday, February 19th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 9.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of NiCE from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Zacks Research upgraded shares of NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research note on Friday, March 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $120.00 price target on shares of NiCE in a research note on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $136.92.

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.