NICE (NASDAQ:NICE) Sees Large Volume Increase

NICE Ltd. (NASDAQ:NICE) shares saw an uptick in trading volume on Thursday . 264,103 shares changed hands during trading, a decline of 26% from the previous session’s volume of 359,277 shares.The stock last traded at $222.50 and had previously closed at $222.02.

Analyst Ratings Changes

Several brokerages have issued reports on NICE. Rosenblatt Securities assumed coverage on NICE in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price target on the stock. Royal Bank of Canada increased their target price on shares of NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Citigroup upped their price objective on shares of NICE from $283.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Northland Securities began coverage on NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 target price for the company. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $291.00.

NICE Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.06 and a quick ratio of 2.06. The company’s fifty day moving average price is $239.14 and its 200 day moving average price is $213.34. The company has a market cap of $14.02 billion, a PE ratio of 43.70, a P/E/G ratio of 1.99 and a beta of 1.04.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The firm had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. On average, equities research analysts predict that NICE Ltd. will post 8.21 earnings per share for the current year.

Institutional Investors Weigh In On NICE

Several institutional investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd raised its position in shares of NICE by 171.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock worth $286,564,000 after buying an additional 905,612 shares in the last quarter. Boston Partners purchased a new position in shares of NICE during the fourth quarter worth about $176,206,000. Point72 Asset Management L.P. lifted its position in NICE by 1,340.2% during the fourth quarter. Point72 Asset Management L.P. now owns 467,231 shares of the technology company’s stock valued at $93,217,000 after purchasing an additional 434,789 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of NICE by 44,660.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock worth $65,970,000 after buying an additional 387,202 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of NICE by 16.2% during the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock worth $426,402,000 after acquiring an additional 298,112 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.