SCHEDULE: Harel Insurance Boosts NICE Ltd. Stake to 6.5%

Harel Insurance Investments & Financial Services Ltd. has increased its beneficial ownership of NICE Ltd. American Depositary Shares to 6.5%, holding a total of 3,795,591 shares.

Summary

• Harel Insurance Investments & Financial Services Ltd. has filed an amendment to its Schedule 13G, reporting an increase in its beneficial ownership of NICE Ltd. American Depositary Shares.
• The total number of shares beneficially owned by Harel Insurance is 3,795,591, representing 6.5% of the class.
• Of these shares, 3,715,496 are held for members of the public through various managed funds (provident, mutual, pension, insurance policies, ETFs).
• An additional 78,897 shares are held in third-party client accounts managed by a subsidiary, with no voting power in these accounts.
• Harel Insurance directly holds 1,198 shares for its own account.
• The filing clarifies that the reporting person does not admit beneficial ownership of more than the 1,198 shares held for its own account, as the majority are managed on behalf of clients and public members with independent decision-making by subsidiaries.
• The filing date for the event requiring this statement is March 31, 2026.
• The certification confirms that the securities were not acquired to influence or change the control of NICE Ltd.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. While an increased stake by an institutional investor is generally positive, the explicit disclaimer regarding beneficial ownership and the nature of holdings (managed for others) temper the direct positive impact on the reporting entity's control or direct investment thesis.

Positives

• Increased stake by a significant institutional investor (Harel Insurance) indicates confidence in NICE Ltd.'s prospects.
• The majority of shares (3,715,496) are held for public members through various managed funds, suggesting broad investor participation via Harel's investment vehicles.
• The filing is an amendment to a Schedule 13G, indicating ongoing compliance with reporting requirements.

Negatives

• While Harel Insurance's total beneficial ownership is 6.5%, the filing explicitly states that the reporting person does not admit beneficial ownership of more than 1,198 shares for its own account, potentially downplaying direct control or influence.
• A significant portion of the shares (78,897) are held in third-party client accounts where the reporting person has no voting power, limiting its direct influence over those shares.

Risks

• The filing does not explicitly mention any new risks or challenges faced by NICE Ltd. or Harel Insurance.
• Potential for future changes in beneficial ownership by Harel Insurance or other institutional investors could impact share price and control dynamics.

Future Outlook

The filing itself is a disclosure of current ownership and does not contain forward-looking statements or guidance from NICE Ltd. or Harel Insurance regarding future performance.

Management Comments

• "Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 1,198 Ordinary Shares covered by this Statement."
• "With regard to the date of event that requires filing, see the explanatory note in Item 4."
• "With regard to Rows (6), (8) and (9), please see Item 4."
• "Row (11) is based on 58,442,987 Ordinary Shares issued and outstanding as of April 19, 2026 (as reported by the Issuer in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on April 24, 2026)."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Harel Insurance Investments & Financial Services Ltd. reflects a common practice among institutional investors to disclose significant stakes in publicly traded companies. The increase in beneficial ownership to 6.5% in NICE Ltd., a prominent player in cloud-based enterprise software solutions, suggests continued institutional interest and potential positive sentiment towards the company's market position and growth prospects.

Stakeholder Impact

• Shareholders: The increased stake by a significant institutional investor may be viewed positively, potentially signaling confidence in the company's future performance. However, the disclaimer about direct beneficial ownership limits the perception of direct influence.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Harel Insurance Investments & Financial Services Ltd. will continue to manage its public funds and client accounts, which may include further adjustments to its holdings in NICE Ltd.
• NICE Ltd. will continue its business operations and financial reporting as usual.

Key Dates

Keywords

NICE LTD, Schedule 13G, Harel Insurance Investments & Financial Services Ltd., American Depositary Shares, Beneficial Ownership, Institutional Investor, SEC Filing, Securities Exchange Act of 1934, Shareholder, Investment Management