Havemeyer Place LP Invests $1.01 Million in NiCE $NICE

Havemeyer Place LP purchased a new position in shares of NiCE (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,945 shares of the technology company’s stock, valued at approximately $1,011,000.

Other large investors have also modified their holdings of the company. Truist Financial Corp acquired a new stake in NiCE during the third quarter worth about $1,230,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in NiCE by 0.9% during 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 period. Madison Asset Management LLC acquired a new stake in NiCE during the third quarter worth about $1,381,000. Oppenheimer Asset Management Inc. raised its stake in NiCE by 127.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,796 shares of the technology company’s stock worth $2,916,000 after acquiring an additional 14,430 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in NiCE by 25.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 120,457 shares of the technology company’s stock worth $17,440,000 after acquiring an additional 24,070 shares during the period. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the topic of several research reports. Jefferies Financial Group reiterated a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Piper Sandler reiterated a “neutral” rating and set a $124.00 price objective on shares of NiCE in a research note on Monday, February 23rd. Citizens Jmp dropped their price objective on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 7th. Wedbush reiterated a “neutral” rating and set a $120.00 price objective on shares of NiCE in a research note on Friday, February 20th. Finally, Citigroup dropped their price objective on shares of NiCE from $119.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $136.92.

NiCE Stock Performance

Shares of NASDAQ:NICE opened at $93.14 on Monday. The firm’s 50 day moving average is $100.26 and its two-hundred day moving average is $107.88. NiCE has a 52 week low of $84.38 and a 52 week high of $180.61. The firm has a market capitalization of $5.63 billion, a P/E ratio of 11.05, a PEG ratio of 0.96 and a beta of 0.78.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $760.94 million. During the same quarter last year, the business earned $2.87 earnings per share. NiCE’s 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. Analysts predict that NiCE will post 9.08 EPS for the current year.

NiCE announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 19th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

NiCE 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.