Sanctuary Advisors LLC Sells 2,122 Shares of NICE Ltd. (NASDAQ:NICE)

Sanctuary Advisors LLC reduced its stake in NICE Ltd. (NASDAQ:NICE) by 61.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,336 shares of the technology company’s stock after selling 2,122 shares during the period. Sanctuary Advisors LLC’s holdings in NICE were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NICE. Aurora Investment Counsel increased its position in shares of NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after buying an additional 80 shares in the last quarter. Financial Perspectives Inc increased its holdings in shares of NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after acquiring an additional 86 shares in the last quarter. Mendota Financial Group LLC increased its holdings in shares of NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after acquiring an additional 86 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup lifted their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.50.

NICE Stock Down 1.5 %

NICE stock opened at $173.45 on Monday. The company’s 50-day moving average price is $180.53 and its two-hundred day moving average price is $174.28. The firm has a market cap of $10.90 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.46 and a beta of 1.05. NICE Ltd. has a 12 month low of $151.52 and a 12 month high of $270.73.

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.