Nice (NASDAQ:NICE) Short Interest Update

Key Points

• Short interest in Nice (NASDAQ:NICE) declined by 19.7% in August, with total short interest falling from 2.9 million shares to 2.33 million shares, representing approximately 3.8% of the company's shares.
• Institutional ownership has increased, with firms like Barrow Hanley Mewhinney & Strauss LLC and Lazard Asset Management LLC significantly boosting their stakes in Nice, bringing the institutional ownership to 63.34%.
• Wall Street analysts are generally optimistic about Nice, with eight analysts rating it as a "Buy" and a consensus price target set at $205.25.

Nice (NASDAQ:NICE - Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,330,000 shares, a decrease of 19.7% from the August 15th total of 2,900,000 shares. Based on an average daily trading volume, of 603,100 shares, the short-interest ratio is currently 3.9 days. Approximately 3.8% of the shares of the stock are short sold. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 603,100 shares, the short-interest ratio is currently 3.9 days.

Institutional Investors Weigh In On Nice

Several institutional investors have recently bought and sold shares of NICE. Park Square Financial Group LLC acquired a new stake in shares of Nice during the fourth quarter worth $25,000. McIlrath & Eck LLC increased its stake in shares of Nice by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after acquiring an additional 58 shares during the period. Richardson Financial Services Inc. raised its holdings in shares of Nice by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company's stock worth $33,000 after purchasing an additional 99 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Nice during the first quarter worth $34,000. Finally, Cheviot Value Management LLC purchased a new stake in Nice in the first quarter valued at $36,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Stock Performance

NICE traded up $2.11 during trading on Friday, hitting $153.44. The stock had a trading volume of 428,446 shares, compared to its average volume of 590,094. The company has a market capitalization of $9.71 billion, a PE ratio of 18.33, a PEG ratio of 1.31 and a beta of 0.95. Nice has a twelve month low of $127.00 and a twelve month high of $200.65. The stock has a 50 day simple moving average of $147.43 and a two-hundred day simple moving average of $155.19.

Nice (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. Nice's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $2.64 earnings per share. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. On average, equities research analysts anticipate that Nice will post 9.85 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Piper Sandler reaffirmed a "neutral" rating and issued a $182.00 price target (up previously from $153.00) on shares of Nice in a report on Friday, June 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $161.00 price target on shares of Nice in a report on Wednesday, June 18th. Morgan Stanley lowered their price target on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Finally, JMP Securities reissued a "market outperform" rating and issued a $300.00 price objective on shares of Nice in a research report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.25.

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.