NIC Inc. (NASDAQ:EGOV) has received a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.75.

A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of NIC from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Barrington Research reiterated a “hold” rating on shares of NIC in a research report on Monday, November 5th. Loop Capital set a $15.00 price objective on shares of NIC and gave the company a “hold” rating in a research report on Monday, November 5th. ValuEngine upgraded shares of NIC from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, Zacks Investment Research lowered shares of NIC from a “buy” rating to a “hold” rating in a research report on Friday, December 7th.

Shares of EGOV opened at $17.00 on Tuesday. The company has a market cap of $1.14 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. NIC has a 12-month low of $11.76 and a 12-month high of $17.45.

NIC (NASDAQ:EGOV) last announced its earnings results on Wednesday, January 30th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. NIC had a net margin of 16.89% and a return on equity of 29.79%. The business had revenue of $78.65 million for the quarter, compared to analyst estimates of $74.44 million. During the same period last year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, research analysts predict that NIC will post 0.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a yield of 1.88%. NIC’s dividend payout ratio (DPR) is 36.36%.

Large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund purchased a new stake in shares of NIC during the 4th quarter worth $25,000. Royce & Associates LP purchased a new stake in shares of NIC during the 4th quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NIC by 45.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,965 shares of the software maker’s stock worth $62,000 after purchasing an additional 1,543 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of NIC during the 4th quarter worth $79,000. Finally, Pacer Advisors Inc. boosted its position in shares of NIC by 156.6% during the 3rd quarter. Pacer Advisors Inc. now owns 8,622 shares of the software maker’s stock worth $128,000 after purchasing an additional 5,262 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About NIC

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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