Somewhat Positive News Coverage Somewhat Unlikely to Impact NIC (EGOV) Stock Price
News stories about NIC (NASDAQ:EGOV) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NIC earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.8236551307518 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Atchison County, Kansas, Emergency Management Now Accepts Electronic Payments (finance.yahoo.com)
- Pampa Energía anuncia convocatoria a Asamblea General Ordinaria y Extraordinaria de Accionistas el 27 de abril de 2018 (prnewswire.com)
- BIRAC and PerkinElmer Sign Letter of Intent to Promote India-Led Startups and Innovations (streetinsider.com)
- NICE Actimize Introduces ACTone – The Market’s First AI-Enabled Financial Crime Investigation Management Platform (markets.financialcontent.com)
- KONICA MINOLTA BOOSTS ITS ENTERPRISE CONTENT MANAGEMENT (ECM) CAPABILITIES WITH ACQUISITION OF TECHLINE COMMUNICATIONS, INC. (markets.financialcontent.com)
NIC stock opened at $13.90 on Thursday. The firm has a market capitalization of $932.97, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.82 and a beta of 0.56. NIC has a 52-week low of $12.65 and a 52-week high of $22.40.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, March 5th. NIC’s payout ratio is presently 41.56%.
NIC declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 8th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of brokerages recently issued reports on EGOV. Loop Capital cut their price objective on NIC to $14.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. TheStreet downgraded NIC from a “b-” rating to a “c” rating in a research report on Thursday, March 8th. Zacks Investment Research raised NIC from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. BidaskClub raised NIC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Barrington Research reissued a “hold” rating on shares of NIC in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.33.
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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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