NIC Inc. (NASDAQ:EGOV) – Analysts at Imperial Capital increased their Q3 2017 EPS estimates for shares of NIC in a report issued on Monday. Imperial Capital analyst J. Kessler now anticipates that the software maker will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. Imperial Capital has a “Outperform” rating and a $23.00 price objective on the stock. Imperial Capital also issued estimates for NIC’s FY2017 earnings at $0.74 EPS, Q2 2018 earnings at $0.21 EPS and FY2018 earnings at $0.77 EPS.

Several other brokerages also recently weighed in on EGOV. Zacks Investment Research raised NIC from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, May 4th. Maxim Group dropped their price target on NIC from $21.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 21st. BidaskClub cut NIC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Sidoti cut NIC from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, July 21st. Finally, DA Davidson began coverage on NIC in a research report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. NIC has a consensus rating of “Hold” and a consensus price target of $20.00.

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Shares of NIC (NASDAQ EGOV) opened at 16.20 on Tuesday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.06 and a beta of 0.42. NIC has a one year low of $15.75 and a one year high of $25.90. The firm’s 50-day moving average is $17.89 and its 200-day moving average is $20.34.

NIC (NASDAQ:EGOV) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NIC had a net margin of 17.31% and a return on equity of 38.37%. The business had revenue of $85.30 million during the quarter, compared to analyst estimates of $83.57 million. During the same period last year, the firm posted $0.20 EPS. The company’s revenue was up 5.6% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, September 1st. NIC’s payout ratio is 38.10%.

In related news, COO Robert W. Knapp sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $20.38, for a total transaction of $509,500.00. Following the completion of the sale, the chief operating officer now directly owns 197,531 shares in the company, valued at $4,025,681.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Pacad Investment Ltd. boosted its stake in shares of NIC by 350.0% in the second quarter. Pacad Investment Ltd. now owns 5,400 shares of the software maker’s stock valued at $102,000 after buying an additional 4,200 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of NIC by 0.3% in the second quarter. Principal Financial Group Inc. now owns 510,929 shares of the software maker’s stock valued at $9,682,000 after buying an additional 1,404 shares during the last quarter. Girard Partners LTD. bought a new stake in shares of NIC during the second quarter valued at about $208,000. Airain ltd boosted its stake in shares of NIC by 60.7% in the second quarter. Airain ltd now owns 35,596 shares of the software maker’s stock valued at $675,000 after buying an additional 13,451 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of NIC during the second quarter valued at about $153,000. Hedge funds and other institutional investors own 92.76% of the company’s stock.

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.

Earnings History and Estimates for NIC (NASDAQ:EGOV)

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