Columbus Circle Investors lessened its position in shares of NIC Inc. (NASDAQ:EGOV) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 462,853 shares of the software maker’s stock after selling 1,904 shares during the period. Columbus Circle Investors’ holdings in NIC were worth $10,345,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. acquired a new position in shares of NIC in the 4th quarter worth approximately $39,000. First Mercantile Trust Co. acquired a new position in NIC in the third quarter worth $206,000. Robeco Institutional Asset Management B.V. bought a new stake in NIC during the third quarter valued at $236,000. Fox Run Management L.L.C. bought a new position in shares of NIC in the 3rd quarter worth about $265,000. Finally, Jefferies Group LLC acquired a new position in shares of NIC in the 2nd quarter valued at about $211,000. 86.50% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of NIC from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barrington Research restated a “buy” rating and issued a $26.00 target price on shares of NIC in a research note on Thursday, October 31st. ValuEngine cut NIC from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. BidaskClub downgraded NIC from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. Finally, Zacks Investment Research downgraded NIC from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. NIC currently has an average rating of “Hold” and a consensus price target of $22.25.

NIC stock opened at $22.71 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.68 and a current ratio of 2.68. NIC Inc. has a one year low of $13.92 and a one year high of $24.38. The company has a 50-day simple moving average of $22.36 and a 200-day simple moving average of $21.07. The firm has a market capitalization of $1.54 billion, a P/E ratio of 30.69, a P/E/G ratio of 1.47 and a beta of 0.85.

NIC (NASDAQ:EGOV) last posted its earnings results on Wednesday, October 30th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. NIC had a net margin of 14.55% and a return on equity of 22.91%. The firm had revenue of $90.39 million during the quarter, compared to analyst estimates of $88.49 million. During the same period in the previous year, the business posted $0.24 EPS. NIC’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that NIC Inc. will post 0.76 earnings per share for the current year.

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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Institutional Ownership by Quarter for NIC (NASDAQ:EGOV)

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