On October 14, 2025, CCLA Investment Management announced it was withdrawing its entire position NICE (NICE -2.23%) in an estimated transaction of $120.03 million.
What happened
According to a filing with the Securities and Exchange Commission dated October 14, 2025, CCLA Investment Management exited its stake in NICE by selling all 710,865 shares, with an estimated trading value of $120.03 million.
What else you need to know
CCLA Investment Management sold out NICE, reducing its post-trade stake to zero; the position now represents 0% of 13F AUM.
Top positions after filing:
- NASDAQ:MSFT – $369.63 million (5.9% of assets under management) as of September 30, 2025
- NASDAQ:GOOGL – $345.87 million (5.5% of assets under management) as of September 30, 2025
- NASDAQ:AMZN – $269.0 million (4.3% of assets under management) as of September 30, 2025
- NASDAQ:AVGO – $207.92 million (3.3% of assets under management) as of September 30, 2025
- NYSE:V – $180.65 million (2.9% of assets under management) as of September 30, 2025
As of October 13, 2025, NICE shares were priced at $132.00, down 23.8% from the year ended October 13, 2025. Over the same period, the shares have underperformed NICE shares. S&P500 by 35.5 percentage points.
Company overview
| Metric | Value |
|---|---|
| Yield (TTM) | $2.84 billion |
| Net income (TTM) | $541.15 million |
| Price (from market closing 10/13/2025) | $132.00 |
| One year price change | (23.83%) |
Business snapshot
NICE Ltd. provides AI-powered cloud software solutions designed to optimize customer experience and improve compliance for businesses and public sector organizations worldwide. The company leverages a broad portfolio of proprietary platforms and analytics tools to address complex business needs across digital transformation, financial crime prevention and operational efficiency.
The company offers AI-powered cloud platforms for customer experience, financial crime prevention, analytics and digital evidence management, including flagship products such as CXone, Enlighten and X-Sight.
NICE Ltd. serves a global customer base of enterprises, contact centers, financial institutions and public safety agencies seeking advanced automation, compliance and customer engagement solutions. It operates a subscription-based business model and generates revenue from cloud services, software licenses and value-added solutions for corporate and public sector customers.
Foolishly taken
In a recent filing with the regulator, CCLA Investment Management revealed that it has completely sold its ~$120 million position in NICE, an Israeli software company. This move follows a difficult period for NICE shares.
Over the past five years, the company’s shares have consistently underperformed the broader market. Shares have delivered a total return of (44%) over this period, which equates to a compound annual growth rate (CAGR) of (11%). This compares rather unfavorably to the S&P 500, which has generated a total return of 105% over the past five years, for a CAGR of 15%.
That said, NICE’s stock performance does not reflect its underlying fundamentals. Total revenue, net profit and free cash flow have all increased significantly over the past five years, reflecting the strength of the company’s business model, which relies on artificial intelligence (AI) to power applications that serve contact centers, financial institutions and public safety organizations. Additionally, the company recently announced plans to repurchase $500 million in outstanding shares, which could help put a floor under the stock price.
While the recent sale of CCLA signals a deterioration in some institutional support, retail investors may want to take a look at NICE – an under-the-radar AI growth stock.
Glossary
13F reportable assets: Assets disclosed by institutional investment managers in quarterly SEC Form 13F filings.
AUM (assets under management): The total market value of investments managed by a fund or investment firm on behalf of clients.
Quarterly average price: The average price of a security over a specific quarter, often used to estimate transaction values.
Post-trade bet: The number of shares or value held in a position after a trade is completed.
Flagship products: A company’s leading or most prominent products, often representing its brand or core offering.
Cloud platforms: Online computing environments that provide scalable software and services over the Internet.
Digital evidence management: Systems for storing, organizing, and analyzing electronic data used in investigations or compliance.
Financial crime prevention: Technologies and practices designed to detect and stop illegal financial activities, such as fraud or money laundering.
Compliance: Compliance with laws, regulations and industry standards relevant to a company or sector.
TTM: The twelve-month period ending with the most recent quarterly report.
Operational efficiency: The ability of a company to provide products or services with minimal resources and costs.
Jake Lerch has positions in Alphabet, Amazon and Visa. The Motley Fool holds positions in and recommends Alphabet, Amazon, Microsoft, Nice and Visa. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls to Microsoft and short January 2026 $405 calls to Microsoft. The Motley Fool has a disclosure policy.
