NICE Ltd. (NASDAQ:NICE) Short Interest Update

NICE Ltd. (NASDAQ:NICE) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,710,000 shares, a growth of 21.5% from the January 15th total of 2,230,000 shares. Based on an average daily trading volume, of 501,600 shares, the short-interest ratio is presently 5.4 days. Approximately 4.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DA Davidson lowered their price objective on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.93.

Institutional Investors Weigh In On NICE

Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in NICE in the fourth quarter worth about $313,808,000. FIL Ltd bought a new stake in shares of NICE during the 4th quarter worth approximately $70,465,000. New South Capital Management Inc. bought a new position in NICE in the 4th quarter valued at $54,980,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after purchasing an additional 279,375 shares during the last quarter. Finally, Perpetual Ltd bought a new position in shares of NICE in the fourth quarter worth about $31,792,000. Institutional investors own 63.34% of the company’s stock.

NICE Stock Down 1.0 %

Shares of NICE opened at $176.49 on Friday. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The company has a market cap of $11.10 billion, a PE ratio of 27.32, a P/E/G ratio of 1.22 and a beta of 1.06. The business has a fifty day moving average of $171.87 and a 200 day moving average of $173.18.

About NICE

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.