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:
- Sixteen Startups Selected for Plug and Play Insurtech’s Inaugural Batch in Munich (prnewswire.com)
- Pre-Market Technical Scan on Application Software Equities — Cloudera, HubSpot, MuleSoft, and NIC (prnewswire.com)
- NICE Announces the Industry’s Largest Ever Customer Experience User Event Interactions 2018, May 14-16, in Orlando (markets.financialcontent.com)
- Mazda presenta el renovado CX-3 2019 en el Salón Internacional del Automóvil de Nueva York 2018 (prnewswire.com)
- El Consejo de Trabajadores del Distrito del Norte y Sur de California respalda a Kevin de León para el Senado de los Estados Unidos (prnewswire.com)
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.
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.
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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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