NICE (NASDAQ:NICE) Sees Large Volume Increase

Shares of NICE Ltd. (NASDAQ:NICE - Get Free Report) saw unusually-high trading volume on Friday . Approximately 274,586 shares were traded during trading, a decline of 29% from the previous session's volume of 388,698 shares.The stock last traded at $195.53 and had previously closed at $198.60.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NICE shares. Barclays boosted their target price on shares of NICE from $283.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. TheStreet raised shares of NICE from a "c+" rating to a "b-" rating in a report on Tuesday, February 6th. DA Davidson upgraded NICE from a "neutral" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a research report on Wednesday, March 13th. Oppenheimer upped their price objective on shares of NICE from $225.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Finally, Wedbush raised their target price on shares of NICE from $230.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $285.92.

NICE Stock Down 2.5 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $236.53 and a 200 day moving average of $215.68. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 2.05 and a beta of 1.04.

NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.26 by $0.10. The company 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 company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. As a group, sell-side analysts predict that NICE Ltd. will post 8.21 earnings per share for the current year.

Institutional Trading of NICE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of NICE during the fourth quarter valued at approximately $25,000. Lindbrook Capital LLC increased its stake in NICE by 88.9% during the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company's stock valued at $27,000 after purchasing an additional 64 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in NICE during the fourth quarter worth $29,000. Richardson Financial Services Inc. acquired a new position in NICE during the first quarter worth $39,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of NICE in the third quarter valued at $37,000. 63.34% of the stock is owned by 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.