QRG Capital Management Inc. Has $1.68 Million Holdings in NiCE $NICE

QRG Capital Management Inc. lifted its holdings in NiCE (NASDAQ:NICE) by 85.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,238 shares of the technology company’s stock after acquiring an additional 7,026 shares during the quarter. QRG Capital Management Inc.’s holdings in NiCE were worth $1,680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of 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 valued at $186,142,000 after buying an additional 15,000 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in NiCE by 127.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 25,796 shares of the technology company’s stock valued at $2,916,000 after acquiring an additional 14,430 shares in the last quarter. Kopion Asset Management LLC increased its position in NiCE by 29.3% in the 4th quarter. Kopion Asset Management LLC now owns 106,432 shares of the technology company’s stock valued at $12,031,000 after acquiring an additional 24,119 shares in the last quarter. Bronte Capital Management Pty Ltd. bought a new position in shares of NiCE in the fourth quarter worth about $2,297,000. Finally, Fifth Third Bancorp lifted its position in shares of NiCE by 146.0% during the fourth quarter. Fifth Third Bancorp now owns 16,326 shares of the technology company’s stock worth $1,845,000 after purchasing an additional 9,689 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NICE. Morgan Stanley lowered their price target on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Wedbush lowered their target price on NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and set a $104.00 target price on shares of NiCE in a research report on Wednesday, June 10th. Citigroup reaffirmed a “market outperform” rating on shares of NiCE in a research note on Thursday, June 11th. Finally, DA Davidson upgraded NiCE from a “neutral” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Thursday, June 18th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.17.

NiCE Stock Performance

NICE opened at $98.63 on Wednesday. The company has a fifty day moving average price of $92.95 and a two-hundred day moving average price of $105.38. The firm has a market capitalization of $5.76 billion, a PE ratio of 11.70, a P/E/G ratio of 1.01 and a beta of 0.77. NiCE has a 52 week low of $83.10 and a 52 week high of $175.00.

NiCE (NASDAQ:NICE) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The business had revenue of $768.62 million during the quarter, compared to analysts’ expectations of $760.94 million. During the same period in the previous year, the firm earned $2.87 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. Equities analysts forecast that NiCE will post 9.08 EPS for the current year.

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.