Lazard Asset Management LLC Sells 215,609 Shares of NiCE $NICE

Lazard Asset Management LLC reduced its stake in shares of NiCE (NASDAQ:NICE) by 24.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681,836 shares of the technology company’s stock after selling 215,609 shares during the quarter. Lazard Asset Management LLC’s holdings in NiCE were worth $75,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of 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 in the last quarter. Qube Research & Technologies Ltd increased its position in shares of NiCE by 1.3% during 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 in the last quarter. Saturna Capital Corp lifted its holdings in NiCE by 0.8% during the 4th quarter. Saturna Capital Corp now owns 18,892 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in NiCE by 7.8% during the 1st 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 last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in NiCE in the second quarter valued at about $40,000. 63.34% of the stock is owned by institutional investors.

NiCE Stock Up 5.3%

Shares of NASDAQ:NICE opened at $95.01 on Tuesday. The firm has a market cap of $5.55 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.93 and a beta of 0.77. NiCE has a 12 month low of $83.10 and a 12 month high of $175.00. The company’s 50-day moving average price is $93.09 and its two-hundred day moving average price is $103.85.

NiCE (NASDAQ:NICE) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $760.94 million. During the same period in the previous year, the firm posted $2.87 earnings per share. The company’s revenue 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. As a group, equities analysts predict that NiCE will post 9.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on NICE. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research note on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of NiCE in a research note on Thursday, June 11th. Rosenblatt Securities reissued a “buy” rating and issued a $155.00 target price on shares of NiCE in a report on Wednesday, June 10th. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of NiCE in a research report on Wednesday, June 10th. Finally, Morgan Stanley dropped their price target on NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NiCE currently has an average rating of “Moderate Buy” and an average price target of $131.17.

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.