Nice (NASDAQ:NICE - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 8,433 put options on the company. Thisisanincreaseofapproximately230% compared to the typical daily volume of 2,553 put options.
Nice Trading Up 0.9%
NICE traded up $1.23 on Monday, hitting $134.39. The company had a trading volume of 152,446 shares, compared to its average volume of 554,022. The firm has a market cap of $8.50 billion, a P/E ratio of 16.06, a PEG ratio of 1.17 and a beta of 0.98. Nice has a 1 year low of $127.00 and a 1 year high of $200.65. The company's fifty day moving average price is $160.39 and its 200 day moving average price is $158.80.
Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.02. The firm had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.64%. Nice's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.64 EPS. On average, analysts predict that Nice will post 9.85 earnings per share for the current year.
Institutional Trading of Nice
A number of institutional investors and hedge funds have recently bought and sold shares of NICE. Anchor Investment Management LLC increased its stake in Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares during the period. Park Square Financial Group LLC purchased a new stake in Nice during the fourth quarter worth about $25,000. McIlrath & Eck LLC increased its stake in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after purchasing an additional 58 shares during the period. Richardson Financial Services Inc. increased its stake in 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 period. Finally, NBC Securities Inc. purchased a new stake in Nice during the first quarter worth about $34,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NICE shares. DA Davidson dropped their price target on shares of Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup lowered their target price on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 target price (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 target price on shares of Nice in a research note on Friday. Finally, Morgan Stanley lowered their target price on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $205.25.
Read Our Latest Report on Nice
About Nice
(
Get Free Report)
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.
Further Reading
Before you consider Nice, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nice wasn't on the list.
While Nice currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access