Kopion Asset Management LLC Invests $7.43 Million in NICE Ltd. (NASDAQ:NICE)

Kopion Asset Management LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 43,766 shares of the technology company’s stock, valued at approximately $7,433,000. NICE accounts for 5.2% of Kopion Asset Management LLC’s holdings, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV increased its stake in NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of NICE during the third quarter worth $38,000. Wilmington Savings Fund Society FSB bought a new stake in NICE in the 3rd quarter valued at $41,000. GAMMA Investing LLC boosted its stake in NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in NICE by 48.9% during the 3rd 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 in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Stock Up 1.0 %

Shares of NICE stock traded up $1.69 during trading hours on Wednesday, reaching $171.03. The company’s stock had a trading volume of 17,922 shares, compared to its average volume of 294,326. The firm’s 50 day simple moving average is $178.69 and its 200-day simple moving average is $174.44. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.46 and a beta of 1.06. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NICE shares. Northland Securities reduced their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of NICE in a research report on Friday, November 15th. DA Davidson reduced their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.50.

About NICE

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.