Shares of NIC Inc. (NASDAQ:EGOV) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $19.33.

EGOV has been the subject of several research reports. Maxim Group set a $16.00 target price on NIC and gave the stock a “hold” rating in a research report on Thursday, August 3rd. TheStreet lowered NIC from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. BidaskClub upgraded NIC from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered NIC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, DA Davidson reiterated a “neutral” rating and issued a $18.00 target price on shares of NIC in a research report on Wednesday, September 20th.

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NIC (NASDAQ:EGOV) opened at $16.10 on Friday. The company has a market capitalization of $1,066.93, a P/E ratio of 19.88, a PEG ratio of 2.07 and a beta of 0.38. NIC has a 12-month low of $15.45 and a 12-month high of $25.90.

NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, November 1st. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $84.53 million during the quarter, compared to analyst estimates of $83.55 million. NIC had a return on equity of 36.89% and a net margin of 16.42%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. research analysts expect that NIC will post 0.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, December 5th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, December 4th. NIC’s dividend payout ratio (DPR) is 39.51%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC lifted its holdings in shares of NIC by 75.4% in the 3rd quarter. Highbridge Capital Management LLC now owns 23,262 shares of the software maker’s stock worth $399,000 after purchasing an additional 10,001 shares during the last quarter. U S Global Investors Inc. lifted its holdings in shares of NIC by 96.3% in the 3rd quarter. U S Global Investors Inc. now owns 48,911 shares of the software maker’s stock worth $839,000 after purchasing an additional 24,000 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in shares of NIC in the 3rd quarter worth approximately $328,000. Engineers Gate Manager LP bought a new stake in shares of NIC in the 3rd quarter worth approximately $901,000. Finally, Convergence Investment Partners LLC bought a new stake in shares of NIC in the 3rd quarter worth approximately $1,684,000. 92.54% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for NIC (NASDAQ:EGOV)

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