Kopion Asset Management LLC Acquires 25,470 Shares of NiCE $NICE

Kopion Asset Management LLC boosted its holdings in shares of NiCE (NASDAQ:NICE) by 44.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,313 shares of the technology company’s stock after acquiring an additional 25,470 shares during the period. NiCE makes up approximately 7.7% of Kopion Asset Management LLC’s investment portfolio, making the stock its 2nd largest holding. Kopion Asset Management LLC’s holdings in NiCE were worth $11,917,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in NiCE by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after acquiring an additional 65,420 shares in the last quarter. Perpetual Ltd raised its stake in shares of NiCE by 3.5% in the 2nd quarter. Perpetual Ltd now owns 258,683 shares of the technology company’s stock valued at $43,694,000 after purchasing an additional 8,783 shares during the period. Swedbank AB lifted its holdings in shares of NiCE by 12.6% in the second quarter. Swedbank AB now owns 375,700 shares of the technology company’s stock valued at $63,459,000 after purchasing an additional 42,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NiCE by 218.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after purchasing an additional 623,014 shares in the last quarter. Finally, Freedom Investment Management Inc. acquired a new position in shares of NiCE during the first quarter worth about $572,000. 63.34% of the stock is currently owned by institutional investors.

NiCE Trading Up 1.6%

NASDAQ:NICE opened at $110.72 on Tuesday. The stock has a market capitalization of $7.00 billion, a PE ratio of 12.58, a P/E/G ratio of 1.49 and a beta of 1.01. NiCE has a 1-year low of $99.00 and a 1-year high of $180.61. The firm has a fifty day simple moving average of $118.59 and a 200 day simple moving average of $140.40.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NICE. Jefferies Financial Group dropped their target price on NiCE from $152.00 to $136.00 and set a “hold” rating on the stock in a research report on Tuesday, November 18th. Rosenblatt Securities decreased their price target on shares of NiCE from $190.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Citizens Jmp cut their price objective on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Friday, November 14th. Morgan Stanley decreased their target price on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Finally, Mizuho lowered their price target on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.38.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.