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

Venturi Wealth Management LLC lowered its position in NICE Ltd. (NASDAQ:NICE) by 11.9% in the 4th quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NICE. Creative Planning boosted its holdings in shares of NICE by 2.9% during the 3rd quarter. Creative Planning now owns 7,608 shares of the technology company’s stock valued at $1,321,000 after purchasing an additional 217 shares during the last quarter. Blue Trust Inc. raised its position in shares of NICE by 19.2% during the 3rd quarter. Blue Trust Inc. now owns 1,016 shares of the technology company’s stock valued at $175,000 after buying an additional 164 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of NICE by 52.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,829 shares of the technology company’s stock valued at $318,000 after buying an additional 627 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of NICE during the 3rd quarter valued at about $3,348,000. Institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NASDAQ:NICE opened at $155.39 on Friday. The firm 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. The firm’s 50 day simple moving average is $170.08 and its 200-day simple moving average is $172.95. NICE Ltd. has a one year low of $147.38 and a one year high of $270.73.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Equities research analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NICE. Northland Securities decreased their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. DA Davidson decreased their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, Rosenblatt Securities reduced their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, NICE has an average rating of “Moderate Buy” and a consensus price target 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.