NIC Inc. (EGOV) Hits New 52-Week High at $23.82
NIC Inc. (NASDAQ:EGOV)’s share price hit a new 52-week high on Monday . The company traded as high as $23.82 and last traded at $23.57, with a volume of 83,261 shares. The stock had previously closed at $23.32.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered NIC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Imperial Capital increased their target price on NIC from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.75.
The company has a market cap of $1.55 billion and a PE ratio of 34.640. The company has a 50-day moving average price of $22.24 and a 200-day moving average price of $19.35.
An institutional investor recently raised its position in NIC stock. Rhumbline Advisers increased its position in NIC Inc. (NASDAQ:EGOV) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,576 shares of the company’s stock after buying an additional 12,345 shares during the period. Rhumbline Advisers owned about 0.23% of NIC worth $2,983,000 at the end of the most recent quarter.
NIC Inc is a provider of digital government services that help governments use technology. The Company operates through Outsourced Portals segment. The Other Software & Services category includes its subsidiaries that provide software development and services, other than outsourced portal services, to state and local governments, as well as federal agencies.
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