NIC (EGOV) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of NIC (NASDAQ: EGOV) recently:

  • 1/8/2018 – NIC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NIC Inc. provides digital government services that enable governments to use technology to provide various services to businesses. Its Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that enable businesses and citizens to access government information online and complete transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. Its portal service offerings include motor vehicle driver history record retrieval; hunting/ fishing licenses; health professional license services; professional license renewal; business registrations and renewals; secretary of state business searches; Uniform Commercial Code searches and filings; limited criminal history searches; court services; vital records; income and property tax payments; and payment processing products and services. “
  • 12/29/2017 – NIC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NIC Inc. provides digital government services that enable governments to use technology to provide various services to businesses. Its Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that enable businesses and citizens to access government information online and complete transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. Its portal service offerings include motor vehicle driver history record retrieval; hunting/ fishing licenses; health professional license services; professional license renewal; business registrations and renewals; secretary of state business searches; Uniform Commercial Code searches and filings; limited criminal history searches; court services; vital records; income and property tax payments; and payment processing products and services. “
  • 12/29/2017 – NIC was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/25/2017 – NIC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “NIC Inc. provides digital government services that enable governments to use technology to provide various services to businesses. Its Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that enable businesses and citizens to access government information online and complete transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. Its portal service offerings include motor vehicle driver history record retrieval; hunting/ fishing licenses; health professional license services; professional license renewal; business registrations and renewals; secretary of state business searches; Uniform Commercial Code searches and filings; limited criminal history searches; court services; vital records; income and property tax payments; and payment processing products and services. “

Shares of NIC Inc. (NASDAQ:EGOV) opened at $17.35 on Friday. NIC Inc. has a 52 week low of $15.45 and a 52 week high of $25.70. The company has a market capitalization of $1,150.00, a P/E ratio of 21.16, a PEG ratio of 2.13 and a beta of 0.38.

NIC (NASDAQ:EGOV) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $84.53 million during the quarter, compared to analysts’ expectations of $83.55 million. NIC had a return on equity of 36.89% and a net margin of 16.42%. NIC’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. analysts forecast that NIC Inc. will post 0.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, December 4th. NIC’s payout ratio is 39.02%.

NIC Inc is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.

Receive News & Ratings for NIC Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIC Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply