Short Interest in NICE Ltd. (NASDAQ:NICE) Declines By 27.1%

NICE Ltd. (NASDAQ:NICE - Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,560,000 shares, a decrease of 27.1% from the March 15th total of 2,140,000 shares. Approximately 2.5% of the company's shares are short sold. Based on an average daily volume of 665,700 shares, the short-interest ratio is currently 2.3 days.

NICE Stock Up 3.8 %

NICE stock traded up $5.54 during mid-day trading on Wednesday, hitting $152.61. 138,449 shares of the company's stock traded hands, compared to its average volume of 584,110. NICE has a one year low of $137.19 and a one year high of $231.67. The company has a market cap of $9.59 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The firm has a 50 day moving average price of $152.07 and a 200 day moving average price of $167.09.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. On average, analysts expect that NICE will post 9.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NICE has been the subject of several recent analyst reports. Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Citigroup decreased their price objective on shares of NICE from $279.00 to $228.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Barclays dropped their target price on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Cantor Fitzgerald decreased their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, DA Davidson decreased their price target on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $225.71.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Avion Wealth acquired a new stake in NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE in the 4th quarter worth $25,000. Anchor Investment Management LLC grew its holdings in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of NICE during the fourth quarter worth $25,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

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.