Venturi Wealth Management LLC Sells 113 Shares of NICE Ltd. (NASDAQ:NICE)

Venturi Wealth Management LLC cut its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 834 shares of the technology company’s stock after selling 113 shares during the period. Venturi Wealth Management LLC’s holdings in NICE were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Truist Financial Corp boosted its stake in shares of NICE by 15.2% during the fourth quarter. Truist Financial Corp now owns 4,335 shares of the technology company’s stock valued at $736,000 after purchasing an additional 571 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in NICE by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after acquiring an additional 4,407 shares in the last quarter. Principal Securities Inc. boosted its stake in NICE by 20.4% in the fourth quarter. Principal Securities Inc. now owns 6,160 shares of the technology company’s stock valued at $1,046,000 after acquiring an additional 1,043 shares in the last quarter. Rhumbline Advisers boosted its stake in NICE by 5.4% in the fourth quarter. Rhumbline Advisers now owns 3,740 shares of the technology company’s stock valued at $635,000 after acquiring an additional 192 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. acquired a new stake in NICE in the fourth quarter valued at approximately $1,140,000. 63.34% of the stock is currently owned by institutional investors.

NICE Price Performance

Shares of NICE stock opened at $155.39 on Friday. The firm has a fifty day moving average price of $170.08 and a 200 day moving average price of $172.95. NICE Ltd. has a 1 year low of $147.38 and a 1 year high of $270.73. The stock has a market cap of $9.77 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. As a group, equities analysts expect that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NICE shares. Northland Securities lowered their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Royal Bank of Canada lowered their price objective on shares of NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Barclays lowered their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $239.60.

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 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.