Kopion Asset Management LLC Makes New Investment in NICE Ltd. (NASDAQ:NICE)

Kopion Asset Management LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,766 shares of the technology company's stock, valued at approximately $7,433,000. NICE makes up approximately 5.2% of Kopion Asset Management LLC's holdings, making the stock its 9th biggest position. Kopion Asset Management LLC owned approximately 0.07% of NICE at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in NICE by 21.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company's stock worth $273,642,000 after purchasing an additional 279,375 shares during the period. Vulcan Value Partners LLC grew its stake in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company's stock valued at $204,168,000 after purchasing an additional 394,715 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in NICE by 12.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company's stock valued at $181,693,000 after buying an additional 117,749 shares during the period. RGM Capital LLC boosted its holdings in shares of NICE by 12.5% in the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company's stock valued at $180,759,000 after acquiring an additional 116,629 shares in the last quarter. Finally, CCLA Investment Management increased its stake in shares of NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after acquiring an additional 87,003 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Performance

NICE stock traded down $2.20 during trading on Wednesday, hitting $167.14. The company's stock had a trading volume of 412,078 shares, compared to its average volume of 338,447. The stock's fifty day moving average is $178.65 and its 200 day moving average is $174.43. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.46 and a beta of 1.06.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday. Jefferies Financial Group restated a "hold" rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Northland Securities cut their target price on shares of NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, November 15th. Finally, Citigroup increased their price target on shares of NICE from $330.00 to $334.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Three 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.com, NICE has a consensus rating of "Moderate Buy" and a consensus price target 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.