Kopion Asset Management LLC Acquires 31,246 Shares of NiCE $NICE

Kopion Asset Management LLC grew its holdings in NiCE (NASDAQ:NICE) by 27.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,272 shares of the technology company’s stock after buying an additional 31,246 shares during the quarter. NiCE accounts for approximately 8.4% of Kopion Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Kopion Asset Management LLC’s holdings in NiCE were worth $13,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NICE. Miller Global Investments LLC acquired a new stake in shares of NiCE during the 2nd quarter valued at about $542,000. Parallel Advisors LLC raised its position in NiCE by 50.4% in the first quarter. Parallel Advisors LLC now owns 2,092 shares of the technology company’s stock worth $231,000 after purchasing an additional 701 shares in the last quarter. Summitry LLC raised its position in NiCE by 5.6% in the first quarter. Summitry LLC now owns 4,081 shares of the technology company’s stock worth $450,000 after purchasing an additional 215 shares in the last quarter. Western Wealth Management LLC bought a new position in NiCE during the first quarter worth about $44,000. Finally, Bank of America Corp DE lifted its stake in NiCE by 27.8% during the first quarter. Bank of America Corp DE now owns 173,896 shares of the technology company’s stock worth $19,174,000 after purchasing an additional 37,865 shares during the period. 63.34% of the stock is owned by institutional investors.

NiCE Stock Up 2.6%

Shares of NASDAQ:NICE opened at $103.29 on Wednesday. The firm has a market cap of $6.04 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.04 and a beta of 0.74. NiCE has a 12 month low of $83.10 and a 12 month high of $156.37. The company’s 50-day moving average price is $93.92 and its two-hundred day moving average price is $103.20.

NiCE (NASDAQ:NICE) last announced its earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The company had revenue of $768.62 million during the quarter, compared to the consensus estimate of $760.94 million. During the same period in the previous year, the firm posted $2.87 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that NiCE will post 9.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NICE. Citizens Jmp lowered their price objective on NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 7th. DA Davidson upgraded NiCE from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research note on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of NiCE in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.17.

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.