NIC (EGOV) Given Daily Media Impact Rating of -0.08
News headlines about NIC (NASDAQ:EGOV) have been trending somewhat negative on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NIC earned a daily sentiment score of -0.08 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 75 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- 2017 CFO of the Year honorees: Steve Kovzan (finance.yahoo.com)
- Sequoia and Kings Canyon National parks launch “YourPassNow’ (recorderonline.com)
- NIC Inc. (EGOV) Sees New 52-Week High (highlightpress.com)
- NIC Inc. (EGOV) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- BRIEF-Argenx receives 2nd preclinical milestone payment in Leo Pharma collaboration (feeds.reuters.com)
Separately, Zacks Investment Research upgraded shares of NIC from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. NIC has a consensus rating of “Hold” and a consensus price target of $22.83.
NIC (EGOV) opened at 20.00 on Friday. NIC has a 12-month low of $19.35 and a 12-month high of $25.90. The firm has a market cap of $1.32 billion, a P/E ratio of 23.39 and a beta of 0.53. The firm’s 50-day moving average is $20.48 and its 200 day moving average is $22.02.
NIC (NASDAQ:EGOV) last announced its earnings results on Monday, May 1st. The software maker reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. NIC had a net margin of 17.64% and a return on equity of 39.07%. The firm had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $81.99 million. During the same quarter in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that NIC will post $0.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, June 2nd. NIC’s dividend payout ratio (DPR) is presently 37.65%.
In other news, COO Robert W. Knapp sold 25,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $20.38, for a total transaction of $509,500.00. Following the sale, the chief operating officer now owns 197,531 shares in the company, valued at approximately $4,025,681.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.10% of the company’s stock.
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NIC Company Profile
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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