# NICE Ltd. (NICE)

> Source: Nexqual · https://nexqual.com/NICE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, NICE Ltd. (NICE), nexqual.com/NICE" · informational, not investment advice.

**Price:** USD 117.15 (+1.91% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 114.95 · day 115.65–119.61 · 52w 83.1–138.58 · market cap $6.86B · NMS

## Key facts
- 1 of 80 tracked superinvestors hold NICE (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $50K; 1 not under a Rule 10b5-1 plan ($50K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -11.2% vs S&P 500 +14.9%; 5Y -58.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 2.78, revenue estimate $786M.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NICE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Vulcan Value Partners |  | 1.32% | $43.5M | Reduced -16.4% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-07 | Dayan Udi Yehuda | VP, Corporate Finance | 500 | $50K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-30 | Oppenheimer | Upgrade | Perform → Outperform | $150 |
| 2026-09-24 | RBC Capital | Target raised | Outperform | $130 → $145 |
| 2026-08-06 | DA Davidson | Target raised | Buy | $110 → $115 |
| 2026-08-06 | Rosenblatt | Maintained | Buy | $130 |
| 2026-07-21 | Morgan Stanley | Downgrade | Overweight → Equal-Weight | $130 → $111 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -11.2% | -58.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -11.3% | -16.1% |
| Volatility (annualized) | 55.1% | 40.7% |
| Max drawdown | -39.3% (Oct 2025→Jun 2026) | -72.8% (Nov 2021→Jun 2026) |

## Peers (Software - Application)
APPF (AppFolio, Inc.) USD 217.33 +0.06% · DSGX (The Descartes Systems Group Inc) USD 94 +1.74% · TTAN (ServiceTitan, Inc.) USD 85.2 +3.50% · IDCC (InterDigital, Inc.) USD 332.06 -0.78% · YMM (Full Truck Alliance Co. Ltd.) USD 8.35 -1.76% · PCOR (Procore Technologies, Inc.) USD 62.29 +2.27%

## More
Full page: https://nexqual.com/NICE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NICE's own 20-F filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/1003935/000100393526000010/nice-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "We rely on cloud computing platforms provided by third parties, including PaaS provided by strategic partners, such as Amazon and Microsoft." |
| Supplier | Microsoft (MSFT) | "We rely on cloud computing platforms provided by third parties, including PaaS provided by strategic partners, such as Amazon and Microsoft." |
| Partner | NICE Systems | "On February 18, 2026, we and NICE Systems, Inc. ("NICE Systems") entered into a secured Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the "Credit Agreement"), whi…" |
| Competitor | Oracle (ORCL) | "In the Anti-Money Laundering market we compete against vendors such as SAS, Oracle and Quantexa." |
| Competitor | Cisco (CSCO) | "In the CCaaS market, which is a part of the broader Contact Center Infrastructure market that is still mainly held by traditional on-premises players, we compete against Amazon Connect, Avaya, Cisco, Five9, Genesys, and …" |
| Competitor | Salesforce (CRM) | "In the Conversational and Agentic AI market, we compete against vendors such as Kore.ai, Sierra.ai, Cresta and Salesforce." |

Other companies that name NICE in their own reports (relationship from NICE's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | RingCentral, Inc. (RNG) | 10-K 2026-02-27 | "also resell third-party products and services, in particular, solutions from NICE and, any interruptions of their service may impact our customers." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.78 | $2.79 | -0.5% | $785.7M | 13 |
| Next quarter (ends 2026-12-31) | $3.07 | $3.04 | +1.0% | $844.9M | 13 |
| Current fiscal year (ends 2026-12-31) | $11.17 | $11.09 | +0.8% | $3.18B | 14 |
| Next fiscal year (ends 2027-12-31) | $12.67 | $12.63 | +0.4% | $3.47B | 14 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-12): ±14.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 61.7% | ±14.1% |
| 2026-12-18 | 56 | 53.9% | ±17.2% |
| 2027-01-15 | 84 | 52.0% | ±20.2% |
| 2027-02-19 | 119 | 50.9% | ±23.4% |
| 2027-05-21 | 210 | 50.7% | ±30.8% |