NiCE Sees Unusually Large Options Volume (NASDAQ:NICE)

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

NiCE Trading Down 1.4%

Shares of NASDAQ:NICE opened at $106.20 on Friday. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.47 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 has a 50-day moving average price of $125.25 and a 200 day moving average price of $145.19.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NICE shares. Rosenblatt Securities decreased their price target on shares of NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a research note on Monday. Citigroup boosted their target price on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Morgan Stanley cut their price target on NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $170.54.

Hedge Funds Weigh In On NiCE

Institutional investors have recently bought and sold shares of the company. Campbell Capital Management Inc. increased its stake in NiCE by 13.9% during the first quarter. Campbell Capital Management Inc. now owns 33,250 shares of the technology company’s stock worth $5,126,000 after purchasing an additional 4,050 shares during the period. Roberts Glore & Co. Inc. IL grew its holdings in shares of NiCE by 60.0% in the first quarter. Roberts Glore & Co. Inc. IL now owns 3,769 shares of the technology company’s stock valued at $581,000 after purchasing an additional 1,413 shares in the last quarter. Deutsche Bank AG increased its stake in NiCE by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after buying an additional 85,286 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in NiCE by 63.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,073 shares of the technology company’s stock worth $936,000 after buying an additional 2,365 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in NiCE by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after buying an additional 24,446 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

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.