NiCE Sees Unusually High Options Volume (NASDAQ:NICE)

NiCE (NASDAQ:NICE) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 9,710 call options on the company. This represents an increase of approximately 146% compared to the typical volume of 3,941 call options.

Analyst Ratings Changes

Several brokerages have commented on NICE. Cantor Fitzgerald decreased their price target on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Mizuho decreased their target price on NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. JMP Securities set a $200.00 price target on NiCE in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research note on Monday. Finally, Barclays lowered their target price on NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $170.54.

NiCE Price Performance

Shares of NASDAQ:NICE traded up $0.78 on Thursday, hitting $107.00. 151,273 shares of the company’s stock were exchanged, compared to its average volume of 614,757. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. NiCE has a 12 month low of $99.00 and a 12 month high of $193.52. The business’s 50 day simple moving average is $126.83 and its two-hundred day simple moving average is $145.88.

NiCE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.01. The company had revenue of $732.00 million during the quarter, compared to analyst estimates of $728.07 million. NiCE had a net margin of 19.48% and a return on equity of 17.71%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Equities analysts forecast that NiCE will post 9.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. increased its holdings in shares of NiCE by 99.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after acquiring an additional 99 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of NiCE in the 2nd quarter worth approximately $40,000. Atlantic Union Bankshares Corp acquired a new stake in NiCE in the second quarter valued at approximately $60,000. Legal & General Group Plc purchased a new position in NiCE in the second quarter worth $65,000. Finally, Hantz Financial Services Inc. increased its position in shares of NiCE by 1,388.9% during the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after purchasing an additional 375 shares in the last quarter. 63.34% of the stock is currently 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 enables 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.