Laird Norton Wetherby Wealth Management LLC Sells 178 Shares of NICE Ltd. (NASDAQ:NICE)

Laird Norton Wetherby Wealth Management LLC lowered its stake in shares of NICE Ltd. (NASDAQ:NICE) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,862 shares of the technology company’s stock after selling 178 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in NICE were worth $486,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NICE. Financial Perspectives Inc raised its stake in shares of NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock valued at $108,000 after purchasing an additional 66 shares in the last quarter. Richardson Financial Services Inc. raised its stake in NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in NICE by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after acquiring an additional 77 shares in the last quarter. Berry Wealth Group LP raised its stake in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after acquiring an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in NICE by 18.5% during the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Stock Down 4.9%

NASDAQ NICE opened at $161.11 on Friday. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 1.07 and a beta of 1.03. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $215.65. The business has a 50 day moving average price of $153.58 and a 200-day moving average price of $165.37.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, May 15th. The technology company reported $2.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.55). NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, equities research analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NICE. Barclays decreased their target price on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Cantor Fitzgerald decreased their price target on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, DA Davidson cut their target price on NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, NICE currently has a consensus rating of “Moderate Buy” and an average price target of $224.29.

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.