NIC (EGOV) Earning Somewhat Favorable Press Coverage, Accern Reports
Headlines about NIC (NASDAQ:EGOV) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. NIC earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 44.5696834698172 out of 100, indicating that recent news coverage is somewhat unlikely 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:
- Today’s Research Report Coverage on Application Software Stocks — Cornerstone OnDemand, Endurance Intl., NIC … – PR Newswire (press release) (prnewswire.com)
- Siemens to decide within days on rail talks with Bombardier or Alstom -source (feeds.reuters.com)
- NIC Inc. (EGOV) distanced 9.06% to its 52-Week Low = Technical Analysis – Voice Of Analysts (analystsbuzz.com)
- NIC (EGOV): A Way To Offset The Upcoming Growth Headwind – DA Davidson – StreetInsider.com (streetinsider.com)
- NIC Inc. (EGOV) Receives “Neutral” Rating from DA Davidson (americanbankingnews.com)
Several research analysts recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $18.00 target price on shares of NIC in a research note on Wednesday. Zacks Investment Research cut NIC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub raised NIC from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. TheStreet cut NIC from a “b-” rating to a “c+” rating in a research note on Monday, August 14th. Finally, Maxim Group set a $16.00 target price on NIC and gave the company a “hold” rating in a research note on Thursday, August 3rd. 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 company. The company currently has an average rating of “Hold” and a consensus price target of $19.71.
NIC (EGOV) traded up 0.59% during trading on Friday, hitting $17.00. The company had a trading volume of 923,151 shares. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 20.00 and a beta of 0.40. The firm has a 50-day moving average of $16.32 and a 200 day moving average of $19.07. NIC has a 12-month low of $15.45 and a 12-month high of $25.90.
NIC (NASDAQ:EGOV) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.19 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that NIC will post $0.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.88%. NIC’s dividend payout ratio (DPR) 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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