Kopion Asset Management LLC grew its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 29.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,812 shares of the technology company's stock after purchasing an additional 13,046 shares during the period. NICE makes up about 6.8% of Kopion Asset Management LLC's investment portfolio, making the stock its 5th largest position. Kopion Asset Management LLC owned approximately 0.09% of NICE worth $8,759,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE during the 4th quarter valued at $313,808,000. Boston Partners boosted its position in NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after buying an additional 151,528 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of NICE by 2.3% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock valued at $281,941,000 after acquiring an additional 36,865 shares in the last quarter. HMI Capital Management L.P. increased its position in shares of NICE by 12.8% during the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after acquiring an additional 186,600 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of NICE by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after acquiring an additional 5,609 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.
NICE Stock Up 3.1%
NICE stock traded up $5.07 during midday trading on Tuesday, reaching $170.47. The company had a trading volume of 528,342 shares, compared to its average volume of 562,988. The firm has a market capitalization of $10.78 billion, a PE ratio of 25.22, a P/E/G ratio of 1.07 and a beta of 1.03. The stock has a 50 day moving average price of $156.73 and a 200 day moving average price of $163.71. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $200.65.
NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.03. NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. During the same period in the previous year, the business posted $2.58 EPS. NICE's revenue was up 6.2% on a year-over-year basis. Research analysts predict that NICE Ltd. will post 9.85 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have weighed in on NICE. Morgan Stanley lowered their price objective on NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of NICE in a report on Friday, May 16th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price objective on shares of NICE in a report on Friday, May 16th. Finally, Rosenblatt Securities boosted their target price on shares of NICE from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $211.50.
Check Out Our Latest Research Report on NICE
About NICE
(
Free Report)
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.
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