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

NICE Ltd. (NASDAQ:NICE - Get Free Report) shares saw strong trading volume on Thursday . 264,103 shares were traded 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

A number of equities research analysts have weighed in on NICE shares. Royal Bank of Canada lifted their price target 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 report on Tuesday, February 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $343.00 target price on shares of NICE in a research note on Friday, February 23rd. Citigroup increased 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, Oppenheimer increased their price target on NICE from $225.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $291.00.

NICE Price Performance

The firm has a market cap of $14.01 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. The business has a 50-day moving average of $239.14 and a two-hundred day moving average of $213.34. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 earnings per share. On average, sell-side analysts anticipate that NICE Ltd. will post 8.21 earnings per share for the current fiscal year.

Institutional Trading of NICE

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in NICE in the fourth quarter worth $25,000. Lindbrook Capital LLC grew its holdings in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company's stock worth $27,000 after purchasing an additional 64 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in NICE in the fourth quarter worth $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of NICE in the third quarter worth $37,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of NICE in the 1st quarter worth about $39,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

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.