NICE Ltd. (NASDAQ:NICE) Short Interest Update

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Rosenblatt Securities lowered their price target on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Citigroup decreased their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Morgan Stanley reduced their target price on NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.71.

NICE Stock Down 0.6 %

Shares of NASDAQ NICE traded down $0.93 during mid-day trading on Friday, reaching $149.75. 335,061 shares of the company were exchanged, compared to its average volume of 586,781. NICE has a 1 year low of $137.19 and a 1 year high of $231.67. The firm has a 50-day moving average of $153.25 and a 200 day moving average of $167.41. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, equities analysts forecast that NICE will post 9.85 earnings per share for the current year.

Institutional Trading of NICE

Several large investors have recently added to or reduced their stakes in NICE. Bfsg LLC acquired a new stake in shares of NICE during the first quarter worth about $1,588,000. Janney Montgomery Scott LLC boosted its holdings in shares of NICE by 45.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,988 shares of the technology company’s stock valued at $1,077,000 after acquiring an additional 2,172 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of NICE by 0.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 44,474 shares of the technology company’s stock worth $6,857,000 after acquiring an additional 345 shares during the period. Davis Capital Management raised its holdings in shares of NICE by 9.3% during the first quarter. Davis Capital Management now owns 5,429 shares of the technology company’s stock worth $837,000 after purchasing an additional 461 shares during the last quarter. Finally, Unique Wealth LLC lifted its position in NICE by 52.8% during the first quarter. Unique Wealth LLC now owns 2,315 shares of the technology company’s stock valued at $357,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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.