NICE (NASDAQ:NICE) Sees Unusually-High Trading Volume

NICE Ltd. (NASDAQ:NICE) shares saw unusually-strong trading volume on Thursday . Approximately 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 equities research analysts have issued reports on NICE shares. Northland Securities started coverage on NICE in a research note on Tuesday, January 30th. They set an “outperform” rating and a $300.00 target price for the company. Royal Bank of Canada raised their target price on NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Barclays lifted their price objective on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Wedbush boosted their target price on NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, TheStreet raised NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE presently has an average rating of “Buy” and a consensus target price of $291.00.

NICE Stock Performance

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. The stock’s 50-day simple moving average is $239.14 and its 200 day simple moving average is $213.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 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 net margin of 14.23% and a return on equity of 13.29%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. As a group, equities analysts anticipate that NICE Ltd. will post 8.21 EPS for the current year.

Institutional Trading of NICE

Several hedge funds and other institutional investors have recently made changes to their positions in NICE. Commonwealth Equity Services LLC lifted its stake in shares of NICE by 8.9% in the third quarter. Commonwealth Equity Services LLC now owns 8,528 shares of the technology company’s stock valued at $1,450,000 after purchasing an additional 694 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in NICE by 4.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,018 shares of the technology company’s stock valued at $853,000 after acquiring an additional 228 shares in the last quarter. Advisor Partners II LLC increased its holdings in NICE by 13.6% during the 3rd quarter. Advisor Partners II LLC now owns 2,909 shares of the technology company’s stock valued at $495,000 after acquiring an additional 348 shares in the last quarter. Inspire Investing LLC increased its holdings in NICE by 23.9% during the 3rd quarter. Inspire Investing LLC now owns 5,605 shares of the technology company’s stock valued at $953,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in NICE by 11.4% during the 3rd quarter. Whittier Trust Co. now owns 1,434 shares of the technology company’s stock valued at $244,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Company Profile

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.