National Research (NASDAQ:NRC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

National Research Corporation (NASDAQ:NRC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.26 and traded as high as $22.24. National Research shares last traded at $22.05, with a volume of 72,068 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NRC shares. Wall Street Zen cut shares of National Research from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Citizens Jmp lifted their target price on National Research from $23.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised National Research from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

National Research Price Performance

The company has a market cap of $473.09 million, a P/E ratio of 83.02 and a beta of 0.35. The company’s 50-day moving average price is $21.17 and its 200-day moving average price is $19.31. The company has a debt-to-equity ratio of 13.13, a current ratio of 0.65 and a quick ratio of 0.65.

National Research (NASDAQ:NRC) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.46. The firm had revenue of $35.39 million for the quarter, compared to the consensus estimate of $34.90 million. National Research had a return on equity of 164.26% and a net margin of 4.18%.

National Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. National Research’s dividend payout ratio is 256.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Empirical Finance LLC acquired a new position in National Research in the second quarter valued at about $431,000. Empowered Funds LLC bought a new position in National Research in the 1st quarter valued at about $226,000. Bank of America Corp DE lifted its holdings in shares of National Research by 3.0% during the 1st quarter. Bank of America Corp DE now owns 112,468 shares of the company’s stock worth $1,910,000 after acquiring an additional 3,323 shares during the period. Quantinno Capital Management LP boosted its position in shares of National Research by 61.3% during the 1st quarter. Quantinno Capital Management LP now owns 62,329 shares of the company’s stock worth $1,058,000 after acquiring an additional 23,682 shares in the last quarter. Finally, Heartland Advisors Inc. increased its stake in National Research by 374.3% in the first quarter. Heartland Advisors Inc. now owns 237,147 shares of the company’s stock valued at $4,027,000 after acquiring an additional 187,147 shares during the last quarter. Institutional investors own 47.26% of the company’s stock.

About National Research

National Research Corporation, doing business as NRC Health, provides research, analytics and technology solutions to the health care industry. The company helps hospitals, health systems and other care organizations understand patient and consumer perceptions, improve the care experience and strengthen relationships with the communities they serve.

Its offerings include patient and employee experience measurement, market and consumer insights, reputation management, customer relationship tools and analytics designed to support service improvement and strategic decision-making.