Private Management Group Inc. Acquires 110,541 Shares of NiCE $NICE

Private Management Group Inc. boosted its holdings in NiCE (NASDAQ:NICE) by 68.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 273,082 shares of the technology company’s stock after purchasing an additional 110,541 shares during the quarter. Private Management Group Inc. owned approximately 0.43% of NiCE worth $30,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new position in shares of NiCE during the 4th quarter valued at approximately $39,000. Tower Research Capital LLC TRC bought a new position in shares of NiCE during the 2nd quarter valued at approximately $40,000. Legal & General Group Plc bought a new position in shares of NiCE during the 2nd quarter valued at approximately $65,000. BOK Financial Private Wealth Inc. bought a new position in shares of NiCE during the 4th quarter valued at approximately $146,000. Finally, Parallel Advisors LLC boosted its position in shares of NiCE by 47.0% during the 4th quarter. Parallel Advisors LLC now owns 1,391 shares of the technology company’s stock valued at $157,000 after acquiring an additional 445 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

NiCE Stock Down 0.3%

Shares of NICE opened at $88.08 on Friday. The company has a market cap of $5.32 billion, a PE ratio of 10.45, a P/E/G ratio of 0.91 and a beta of 0.78. The business has a fifty day moving average of $98.65 and a 200 day moving average of $107.49. NiCE has a 52-week low of $84.38 and a 52-week high of $175.14.

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

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

Wall Street Analyst Weigh In

NICE has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research report on Friday, March 27th. Cantor Fitzgerald reiterated a “neutral” rating and set a $104.00 target price on shares of NiCE in a research report on Wednesday. Piper Sandler reiterated a “neutral” rating and set a $124.00 target price on shares of NiCE in a research report on Monday, February 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research report on Thursday, February 19th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $155.00 target price on shares of NiCE in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $132.83.

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.