NIC Inc. (NASDAQ:EGOV) – Equities research analysts at DA Davidson issued their Q1 2020 earnings estimates for NIC in a report issued on Thursday, January 31st. DA Davidson analyst P. Heckmann anticipates that the software maker will post earnings of $0.19 per share for the quarter.

A number of other equities research analysts have also weighed in on the stock. BidaskClub upgraded shares of NIC from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. Barrington Research upgraded shares of NIC from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Thursday, January 31st. Loop Capital set a $15.00 target price on shares of NIC and gave the stock a “hold” rating in a report on Monday, November 5th. Zacks Investment Research lowered shares of NIC from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Finally, ValuEngine upgraded shares of NIC from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.75.

EGOV opened at $17.17 on Monday. NIC has a fifty-two week low of $11.76 and a fifty-two week high of $17.45. The stock has a market capitalization of $1.10 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.88.

NIC (NASDAQ:EGOV) last announced its quarterly earnings data on Wednesday, January 30th. The software maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. NIC had a net margin of 16.89% and a return on equity of 29.79%. The firm had revenue of $78.65 million for the quarter, compared to analyst estimates of $74.44 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of EGOV. Matarin Capital Management LLC acquired a new stake in shares of NIC in the 3rd quarter worth about $11,528,000. Marshall Wace LLP bought a new stake in NIC in the 3rd quarter worth about $6,413,000. Oregon Public Employees Retirement Fund purchased a new stake in NIC in the 4th quarter valued at about $25,000. Conestoga Capital Advisors LLC increased its stake in NIC by 16.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,007,903 shares of the software maker’s stock valued at $29,717,000 after buying an additional 279,660 shares during the last quarter. Finally, Morgan Stanley increased its stake in NIC by 52.0% in the 3rd quarter. Morgan Stanley now owns 550,344 shares of the software maker’s stock valued at $8,144,000 after buying an additional 188,386 shares during the last quarter. Institutional investors own 86.20% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be issued a $0.08 dividend. The ex-dividend date is Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. NIC’s dividend payout ratio is presently 36.36%.

NIC Company Profile

NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.

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Earnings History and Estimates for NIC (NASDAQ:EGOV)

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