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NorthCrest cuts NiCE stake by 52% amid mixed analyst ratings and ongoing share buyback program.

Market News
23 Mar 2026
Defense World
View Source
Neutral
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NorthCrest Asset Management reduced its holdings in NiCE by 52.3% in Q4, selling 22,693 shares and retaining 20,680 shares valued at $2.39 million. NiCE recently reported strong quarterly earnings beating estimates, with revenue up 9% year-over-year, and announced a $600 million share buyback program signaling confidence in its stock. Despite this, analyst opinions vary, with price targets ranging from $120 to $150 and a consensus hold rating. NiCE's stock trades near $118 with a market cap of $7.49 billion, reflecting mixed investor sentiment amid solid financial performance and strategic buybacks.

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