Stock Traders Buy Large Volume of Nice Put Options (NASDAQ:NICE)

Nice Ltd (NASDAQ:NICE) was the target of unusually large options trading activity on Wednesday. Investors bought 1,568 put options on the company. This represents an increase of 1,379% compared to the average daily volume of 106 put options.

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Nice during the 3rd quarter worth about $1,510,000. CWM LLC lifted its position in Nice by 261.5% during the 4th quarter. CWM LLC now owns 347 shares of the technology company’s stock worth $38,000 after acquiring an additional 251 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Nice during the 4th quarter worth approximately $54,000. Oppenheimer & Co. Inc. lifted its position in Nice by 55.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,650 shares of the technology company’s stock worth $504,000 after acquiring an additional 1,650 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Nice by 7.1% during the 4th quarter. SG Americas Securities LLC now owns 4,352 shares of the technology company’s stock worth $471,000 after acquiring an additional 288 shares in the last quarter. 45.93% of the stock is owned by hedge funds and other institutional investors.

NICE stock traded down $0.25 during midday trading on Friday, reaching $137.00. The stock had a trading volume of 125,580 shares, compared to its average volume of 189,994. The firm has a fifty day moving average price of $138.53. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.28. The stock has a market cap of $8.35 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.83. Nice has a 52-week low of $100.54 and a 52-week high of $146.89.

Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.27. Nice had a return on equity of 10.83% and a net margin of 11.63%. The company had revenue of $377.00 million for the quarter, compared to analyst estimates of $375.18 million. During the same quarter last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts predict that Nice will post 4.39 EPS for the current fiscal year.

A number of equities analysts have commented on NICE shares. BidaskClub upgraded shares of Nice from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research upgraded shares of Nice from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Jefferies Financial Group upped their price objective on shares of Nice from $134.00 to $149.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Oppenheimer upped their price objective on shares of Nice from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, DA Davidson increased their price target on shares of Nice from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $145.25.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.

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