Shares of NIC Inc. (NASDAQ:EGOV) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $24.33.
A number of research analysts recently issued reports on EGOV shares. BidaskClub downgraded NIC from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Barrington Research reissued a “buy” rating and set a $26.00 target price on shares of NIC in a research note on Thursday, October 31st. ValuEngine downgraded NIC from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research raised NIC from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, November 5th. Finally, DA Davidson lifted their price target on shares of NIC from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.
Shares of NIC stock opened at $22.67 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.68 and a current ratio of 2.68. NIC has a 52-week low of $11.76 and a 52-week high of $24.38. The company has a fifty day moving average of $22.20 and a 200-day moving average of $19.54. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87.
NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, October 30th. The software maker reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $90.39 million for the quarter, compared to analysts’ expectations of $88.49 million. NIC had a net margin of 14.55% and a return on equity of 22.91%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. On average, equities research analysts forecast that NIC will post 0.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, December 3rd. NIC’s dividend payout ratio is currently 36.36%.
Hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC bought a new stake in shares of NIC during the 2nd quarter valued at $26,000. Taylor Hoffman Wealth Management bought a new position in shares of NIC in the 2nd quarter worth about $157,000. UMB Bank N A MO purchased a new position in NIC during the 2nd quarter valued at about $162,000. Janus Henderson Group PLC purchased a new position in NIC during the 2nd quarter valued at about $168,000. Finally, Hikari Power Ltd purchased a new position in NIC during the 2nd quarter valued at about $186,000. 86.54% of the stock is owned by institutional investors.
NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.
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