NIC (EGOV) Earns Coverage Optimism Rating of 0.11
News coverage about NIC (NASDAQ:EGOV) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NIC earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.6835282877602 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- NIC : The Mississippi State Department of Health’s Bureau of Public Water Supply Introduces Electronic Invoice Payment System (4-traders.com)
- The Mississippi State Department of Health’s Bureau of Public Water Supply Introduces Electronic Invoice Payment System (finance.yahoo.com)
- Nebraska State Patrol Modernizes Concealed Handgun Permit with Online Services (finance.yahoo.com)
- Transition Networks Expands Fiber-to-the-Desktop Solutions with Network Interface Cards Supporting M.2 Interface (bizjournals.com)
- Transition Networks adds fiber-to-the-desktop NICs supporting M.2 interface (cablinginstall.com)
EGOV has been the subject of a number of research analyst reports. Zacks Investment Research downgraded NIC from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub upgraded NIC from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. DA Davidson reiterated a “neutral” rating and issued a $18.00 price target on shares of NIC in a report on Wednesday, September 20th. Imperial Capital upgraded NIC from an “in-line” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, July 17th. Finally, Maxim Group lowered their price target on NIC from $21.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.29.
Shares of NIC (EGOV) traded down 1.71% on Tuesday, reaching $17.20. The company had a trading volume of 306,257 shares. The firm has a market capitalization of $1.14 billion, a PE ratio of 20.24 and a beta of 0.41. NIC has a 12 month low of $15.45 and a 12 month high of $25.90. The company’s 50-day moving average is $16.93 and its 200 day moving average is $18.60.
NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. NIC had a return on equity of 38.37% and a net margin of 17.31%. The business had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $83.57 million. During the same period in the prior year, the firm posted $0.20 EPS. NIC’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that NIC will post $0.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.08 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. NIC’s payout ratio is presently 38.10%.
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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.
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