NIC (EGOV) Getting Somewhat Favorable News Coverage, Report Finds
News stories about NIC (NASDAQ:EGOV) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NIC earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.9325061391836 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Nic Fink Utilizes Consistency for 50 Breast Knockout Win (swimmingworldmagazine.com)
- SLC begin search for new staff after Pothas’ exit (kwese.espn.com)
- DeKalb, Kaneland want NIC-10 to be NIC-12 (rrstar.com)
- Dennis Cometti: Why Nic Naitanui is the AFL’s answer to a superhero (thewest.com.au)
- NIC-10 sweeps Rising Stars games (rrstar.com)
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of NIC from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. TheStreet cut shares of NIC from a “b-” rating to a “c” rating in a research report on Thursday, March 8th. Loop Capital dropped their target price on shares of NIC to $14.00 and set a “hold” rating for the company in a report on Friday, February 2nd. ValuEngine lowered shares of NIC from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, BidaskClub raised shares of NIC from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. NIC has a consensus rating of “Hold” and a consensus target price of $18.33.
NIC (NASDAQ:EGOV) last issued its quarterly earnings results on Wednesday, January 31st. The software maker reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The business 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 business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. equities research analysts forecast that NIC will post 0.76 EPS for the current year.
NIC announced that its Board of Directors has authorized a stock buyback plan on Thursday, March 8th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.32 annualized dividend and a yield of 2.25%. NIC’s dividend payout ratio (DPR) is 41.56%.
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NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.
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