NIC (NASDAQ:EGOV) Earns Media Sentiment Score of 0.18

Press coverage about NIC (NASDAQ:EGOV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NIC earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.172196319549 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several analysts have recently weighed in on EGOV shares. Zacks Investment Research downgraded NIC from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. BidaskClub downgraded NIC from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Maxim Group restated a “hold” rating and issued a $16.00 price objective on shares of NIC in a report on Thursday, November 2nd. Finally, Loop Capital decreased their price objective on NIC to $14.00 and set a “hold” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.29.

Shares of NIC (NASDAQ:EGOV) traded down $0.32 during mid-day trading on Friday, hitting $12.98. The stock had a trading volume of 1,410,000 shares, compared to its average volume of 716,096. NIC has a 1-year low of $12.95 and a 1-year high of $22.67. The stock has a market capitalization of $859.84, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.01 and a beta of 0.38.

NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, January 31st. The software maker reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $83.47 million for the quarter, compared to analyst estimates of $81.01 million. NIC had a return on equity of 34.14% and a net margin of 15.34%. NIC’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. equities analysts anticipate that NIC will post 0.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Monday, March 5th. NIC’s payout ratio is presently 39.02%.

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About NIC

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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