Headlines about NIC (NASDAQ:EGOV) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NIC earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.4286490029301 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Online Business Corporation Filing Now Available in Jackson County, Alabama (finance.yahoo.com)
- Presentación de La Florida: The Interactive Digital Archive of the Americas para revolucionar la historia temprana de los Estados Unidos (prnewswire.com)
- NIC (EGOV) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- ICONIC CRUSTACEAN BEVERLY HILLS RESTAURANT OFFICIALLY REOPENS TODAY FOLLOWING AN EIGHT-MONTH-LONG, $10 MILLION REDESIGN (markets.financialcontent.com)
- Toyota crea nuevo pilar de Transformación Digital y Movilidad (prnewswire.com)
NIC (EGOV) traded down $0.15 during trading on Wednesday, hitting $14.00. 729,198 shares of the stock traded hands, compared to its average volume of 794,504. The company has a market capitalization of $941.16, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.82 and a beta of 0.56. NIC has a fifty-two week low of $12.65 and a fifty-two week high of $22.40.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.32 dividend on an annualized basis and a yield of 2.29%. NIC’s dividend payout ratio is presently 41.56%.
NIC declared that its Board of Directors has initiated a share buyback plan on Thursday, March 8th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
EGOV has been the subject of a number of analyst reports. Zacks Investment Research raised shares of NIC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, December 25th. BidaskClub downgraded shares of NIC from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Barrington Research restated a “hold” rating on shares of NIC in a report on Friday, March 9th. TheStreet downgraded shares of NIC from a “b-” rating to a “c” rating in a research note on Thursday, March 8th. Finally, Loop Capital decreased their price objective on shares of NIC to $14.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.33.
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.
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