Media stories about NIC (NASDAQ:EGOV) have trended somewhat negative recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NIC earned a media sentiment score of -0.08 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 75 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- 2017 CFO of the Year honorees: Steve Kovzan (finance.yahoo.com)
- Sequoia and Kings Canyon National parks launch “YourPassNow’ (recorderonline.com)
- NIC Inc. (EGOV) Sees New 52-Week High (highlightpress.com)
- NIC Inc. (EGOV) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- BRIEF-Argenx receives 2nd preclinical milestone payment in Leo Pharma collaboration (feeds.reuters.com)
Separately, Zacks Investment Research upgraded shares of NIC from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $22.83.
Shares of NIC (EGOV) opened at 20.00 on Friday. NIC has a 12-month low of $19.35 and a 12-month high of $25.90. The firm has a 50-day moving average of $20.48 and a 200 day moving average of $22.02. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 23.39 and a beta of 0.53.
NIC (NASDAQ:EGOV) last posted its quarterly earnings data on Monday, May 1st. The software maker reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. NIC had a net margin of 17.64% and a return on equity of 39.07%. The company had revenue of $83.20 million for the quarter, compared to analyst estimates of $81.99 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts expect that NIC will post $0.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, June 2nd. NIC’s dividend payout ratio is currently 37.65%.
In other news, COO Robert W. Knapp sold 25,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $20.38, for a total value of $509,500.00. Following the sale, the chief operating officer now directly owns 197,531 shares of the company’s stock, valued at approximately $4,025,681.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.10% of the company’s stock.
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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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