NICE Ltd. (NASDAQ:NICE) Short Interest Up 21.5% in January

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

Institutional Trading of NICE

A number of institutional investors have recently modified their holdings of NICE. Bruni J V & Co. Co. purchased a new stake in NICE during the 3rd quarter worth $22,849,000. Asset Management One Co. Ltd. raised its holdings in NICE by 13.5% in the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 5,629 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after acquiring an additional 2,219 shares during the last quarter. Kopion Asset Management LLC bought a new stake in shares of NICE in the 4th quarter worth about $7,433,000. Finally, Parnassus Investments LLC lifted its position in shares of NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after purchasing an additional 7,635 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

NICE has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Citigroup upped their price target on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 target price on shares of NICE in a report on Friday, November 15th. Finally, Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.93.

NICE Price Performance

NICE stock traded down $1.74 during trading on Monday, reaching $176.49. 347,162 shares of the stock traded hands, compared to its average volume of 504,483. The business’s 50 day moving average price is $171.87 and its 200-day moving average price is $173.07. The firm has a market capitalization of $11.10 billion, a PE ratio of 27.32, a P/E/G ratio of 1.22 and a beta of 1.06. NICE has a 52-week low of $151.52 and a 52-week high of $270.73.

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.