NiCE’s (NICE) Outperform Rating Reiterated at Royal Bank Of Canada

NiCE (NASDAQ:NICE)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $130.00 target price on the technology company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 46.83% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $155.00 target price on shares of NiCE in a research note on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and set a $104.00 price target on shares of NiCE in a research report on Wednesday. Wedbush cut their target price on NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Citigroup lowered their target price on NiCE from $119.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $132.83.

NiCE Trading Down 0.1%

Shares of NICE traded down $0.08 during midday trading on Wednesday, hitting $88.54. 233,355 shares of the company’s stock traded hands, compared to its average volume of 783,725. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. NiCE has a 1 year low of $84.38 and a 1 year high of $180.61. The firm’s fifty day moving average is $99.50 and its 200-day moving average is $107.69.

NiCE (NASDAQ:NICE) last posted 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. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The business had revenue of $768.62 million during the quarter, compared to analysts’ expectations of $760.94 million. During the same quarter last year, the company posted $2.87 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that NiCE will post 9.08 EPS for the current year.

NiCE declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 19th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Trading of NiCE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Tower Research Capital LLC TRC purchased a new position in shares of NiCE during the 2nd quarter worth $40,000. Manchester Capital Management LLC purchased a new position in shares of NiCE in the 4th quarter valued at $39,000. V Square Quantitative Management LLC purchased a new stake in NiCE during the 1st quarter worth $40,000. Legal & General Group Plc acquired a new position in NiCE during the 2nd quarter worth approximately $65,000. Finally, Western Wealth Management LLC acquired a new position in NiCE during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Company 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.