NICE Target of Unusually Large Options Trading (NASDAQ:NICE)

NICE Ltd. (NASDAQ:NICE) was the recipient of unusually large options trading activity on Thursday. Traders purchased 3,241 call options on the stock. This is an increase of 48% compared to the typical volume of 2,191 call options.

Analyst Ratings Changes

NICE has been the topic of several recent analyst reports. Barclays dropped their target price on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Rosenblatt Securities decreased their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, DA Davidson cut their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average target price of $231.64.

NICE Stock Performance

NICE stock opened at $139.18 on Friday. NICE has a fifty-two week low of $137.65 and a fifty-two week high of $270.73. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.07 and a beta of 1.06. The stock has a fifty day moving average of $166.68 and a two-hundred day moving average of $172.38.

NICE (NASDAQ:NICE) 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). The company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, analysts forecast that NICE will post 9.85 EPS for the current fiscal year.

Institutional Trading of NICE

A number of hedge funds have recently bought and sold shares of NICE. Avion Wealth purchased a new position in shares of NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the fourth quarter worth about $25,000. Anchor Investment Management LLC lifted its position 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 buying an additional 100 shares during the period. Park Square Financial Group LLC acquired a new stake in NICE in the 4th quarter worth about $25,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds 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.