NICE Boosts Share Repurchase Program: Time to Buy the Stock?

NICE has been aggressively acquiring shares in the past three years. In 2021, 2022 and 2023, Nice bought shares worth $73 million, $145 million, and $288 million, respectively. In the first quarter of 2024, NICE used $41.5 million to buy back shares. As of March 31, cash and cash equivalents (including short-term investments) were $1.5 billion. In the first quarter of 2024, NICE generated $254.5 million of net cash from operations. Strong Portfolio Boosts NICE's Prospects Nice boasts of a strong portfolio w ...