NiCE (NASDAQ:NICE) Shares Gap Up – Here’s What Happened

NiCE (NASDAQ:NICE) shares gapped up prior to trading on Monday . The stock had previously closed at $98.18, but opened at $102.30. NiCE shares last traded at $104.0850, with a volume of 111,334 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NICE. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research note on Wednesday, June 24th. Citigroup reiterated a “neutral” rating on shares of NiCE in a research note on Thursday, August 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $104.00 price target on shares of NiCE in a report on Wednesday, June 10th. Wedbush reduced their price objective on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Finally, DA Davidson lifted their price objective on NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NiCE has an average rating of “Hold” and an average price target of $129.50.

NiCE Trading Up 8.1%

The firm has a 50 day moving average of $100.49 and a two-hundred day moving average of $101.62. The stock has a market capitalization of $6.20 billion, a PE ratio of 15.45, a P/E/G ratio of 1.06 and a beta of 0.75.

NiCE (NASDAQ:NICE) last posted its earnings results on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.07. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The company had revenue of $782.29 million for the quarter, compared to the consensus estimate of $766.27 million. During the same period in the previous year, the business earned $3.01 earnings per share. NiCE’s quarterly revenue was up 7.7% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. Equities research analysts forecast that NiCE will post 8.66 EPS for the current year.

Insider Activity

In related news, VP Udi Dayan sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $100.00, for a total transaction of $50,000.00. Following the transaction, the vice president owned 500 shares of the company’s stock, valued at approximately $50,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NiCE

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in NiCE in the first quarter valued at approximately $226,000. Goldman Sachs Group Inc. grew its stake in NiCE by 81.7% during the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after buying an additional 103,342 shares during the period. Empowered Funds LLC purchased a new stake in NiCE during the first quarter worth approximately $892,000. Woodline Partners LP increased its position in shares of NiCE by 18.7% in the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after acquiring an additional 3,178 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of NiCE in the second quarter worth $65,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.