NIC (EGOV) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about NIC (NASDAQ:EGOV) has been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NIC earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.4286490029301 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

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

NASDAQ EGOV traded up $0.05 on Thursday, hitting $13.30. 654,416 shares of the stock were exchanged, compared to its average volume of 782,910. NIC has a 52-week low of $12.65 and a 52-week high of $22.40. The stock has a market cap of $892.70, a price-to-earnings ratio of 17.27, a PEG ratio of 1.74 and a beta of 0.56.

NIC (NASDAQ:EGOV) last posted its quarterly earnings data on Wednesday, January 31st. The software maker reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $83.47 million for the quarter, compared to analysts’ expectations of $81.01 million. NIC had a net margin of 15.34% and a return on equity of 33.25%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. equities research analysts expect that NIC will post 0.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, March 5th. NIC’s dividend payout ratio (DPR) is currently 41.56%.

NIC announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 8th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of NIC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Barrington Research reiterated a “hold” rating on shares of NIC in a research report on Friday, March 9th. Zacks Investment Research cut shares of NIC from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. TheStreet cut shares of NIC from a “b-” rating to a “c” rating in a research report on Thursday, March 8th. Finally, Loop Capital lowered their price objective on shares of NIC to $14.00 and set a “hold” rating on the stock in a research report 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 assigned a buy rating to the company’s stock. NIC presently has an average rating of “Hold” and an average target price of $18.33.

ILLEGAL ACTIVITY NOTICE: “NIC (EGOV) Earning Somewhat Favorable News Coverage, Study Shows” was published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/2018/03/29/nic-egov-earning-somewhat-positive-media-coverage-analysis-shows/1972518.html.

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.

Insider Buying and Selling by Quarter for NIC (NASDAQ:EGOV)

Receive News & Ratings for NIC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIC and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.