NICE Ltd. (NASDAQ:NICE - Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,180,000 shares, a drop of 19.0% from the February 13th total of 2,690,000 shares. Currently, 3.5% of the company's shares are sold short. Based on an average daily volume of 587,400 shares, the short-interest ratio is presently 3.7 days.
Analyst Ratings Changes
Several equities research analysts have issued reports on NICE shares. Citigroup decreased their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Barclays cut their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of NICE in a report on Wednesday. Finally, Cantor Fitzgerald cut their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $231.64.
Get Our Latest Stock Analysis on NICE
NICE Price Performance
NASDAQ NICE traded up $2.78 during mid-day trading on Friday, hitting $156.78. The company's stock had a trading volume of 649,584 shares, compared to its average volume of 565,590. NICE has a 52-week low of $137.19 and a 52-week high of $270.73. The stock's fifty day simple moving average is $159.84 and its two-hundred day simple moving average is $169.44. The firm has a market capitalization of $9.86 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, equities analysts forecast that NICE will post 9.85 earnings per share for the current fiscal year.
Institutional Trading of NICE
A number of hedge funds have recently made changes to their positions in NICE. Avion Wealth acquired a new stake in shares of NICE during the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC grew its position in shares of NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of NICE during the fourth quarter worth approximately $25,000. Finally, McIlrath & Eck LLC grew its position in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.
NICE Company Profile
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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.
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