Kopion Asset Management LLC raised its holdings in NiCE (NASDAQ:NICE – Free Report) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,509 shares of the technology company’s stock after purchasing an additional 6,237 shares during the period. NiCE comprises approximately 11.2% of Kopion Asset Management LLC’s holdings, making the stock its largest holding. Kopion Asset Management LLC owned about 0.26% of NiCE worth $16,970,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC raised its holdings in NiCE by 178.4% in the third quarter. Legacy Wealth Asset Management LLC now owns 10,568 shares of the technology company’s stock valued at $1,176,000 after acquiring an additional 6,772 shares in the last quarter. GAMMA Investing LLC grew its holdings in NiCE by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company’s stock worth $112,000 after acquiring an additional 517 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of NiCE by 36.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company’s stock worth $103,000 after purchasing an additional 247 shares during the last quarter. Plan A Wealth LLC increased its position in shares of NiCE by 26.8% in the 3rd quarter. Plan A Wealth LLC now owns 2,914 shares of the technology company’s stock worth $324,000 after purchasing an additional 615 shares during the last quarter. Finally, Engineers Gate Manager LP raised its stake in shares of NiCE by 292.1% in the 2nd quarter. Engineers Gate Manager LP now owns 38,353 shares of the technology company’s stock valued at $3,484,000 after purchasing an additional 28,571 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
NiCE Trading Down 0.6%
NASDAQ NICE traded down $0.69 during trading hours on Friday, reaching $116.62. The company’s stock had a trading volume of 115,315 shares, compared to its average volume of 691,228. The business has a 50-day simple moving average of $105.80 and a 200 day simple moving average of $100.56. NiCE has a 52 week low of $83.10 and a 52 week high of $138.58. The stock has a market cap of $6.82 billion, a PE ratio of 16.99, a PEG ratio of 1.26 and a beta of 0.76.
Insider Transactions at NiCE
In other NiCE news, VP Udi Dayan sold 500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the sale, the vice president directly owned 500 shares in the company, valued at approximately $50,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.02% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. DA Davidson lifted their price target on NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Royal Bank Of Canada lifted their target price on NiCE from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Citigroup reissued a “neutral” rating on shares of NiCE in a research report on Thursday, August 6th. Finally, Oppenheimer raised shares of NiCE from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Wednesday, September 30th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.23.
Check Out Our Latest Analysis on NiCE
About NiCE
NiCE Ltd., formerly known as NICE-Systems, is an Israeli technology company that provides cloud-based software and artificial intelligence solutions for customer experience and business operations. Its platforms help organizations manage customer interactions across contact centers and digital channels, while supporting employee engagement, workflow automation, analytics and decision-making.
The company’s portfolio includes CXone, a cloud customer experience platform that combines contact center, workforce management, quality management, analytics and automation capabilities.
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