NIC Inc. (NASDAQ:EGOV) – DA Davidson decreased their Q3 2018 earnings per share (EPS) estimates for NIC in a report released on Thursday. DA Davidson analyst P. Heckmann now anticipates that the software maker will earn $0.22 per share for the quarter, down from their previous forecast of $0.24. DA Davidson also issued estimates for NIC’s Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.87 EPS and FY2019 earnings at $0.78 EPS.
Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded NIC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub downgraded NIC from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Maxim Group reiterated a “hold” rating and issued a $16.00 price objective on shares of NIC in a research note on Thursday, November 2nd. Finally, Loop Capital dropped their price objective on NIC to $14.00 and set a “hold” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.33.
NIC (NASDAQ:EGOV) opened at $13.05 on Monday. NIC has a 12 month low of $12.65 and a 12 month high of $22.40. The company has a market capitalization of $859.87, a P/E ratio of 16.85, a P/E/G ratio of 1.53 and a beta of 0.38.
NIC (NASDAQ:EGOV) last posted its quarterly earnings data on Wednesday, January 31st. The software maker reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. NIC had a return on equity of 33.25% and a net margin of 15.34%. The business had revenue of $83.47 million for the quarter, compared to the consensus estimate of $81.01 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. NIC’s revenue for the quarter was up 6.5% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 5th. This represents a $0.32 annualized dividend and a dividend yield of 2.45%. NIC’s dividend payout ratio is currently 41.56%.
Several large investors have recently bought and sold shares of EGOV. BlackRock Inc. lifted its position in shares of NIC by 8.9% during the second quarter. BlackRock Inc. now owns 8,145,068 shares of the software maker’s stock worth $154,348,000 after acquiring an additional 665,492 shares in the last quarter. FMR LLC lifted its position in shares of NIC by 43.0% during the second quarter. FMR LLC now owns 1,062,500 shares of the software maker’s stock worth $20,134,000 after acquiring an additional 319,300 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of NIC by 18.5% during the third quarter. Conestoga Capital Advisors LLC now owns 2,015,893 shares of the software maker’s stock worth $34,573,000 after acquiring an additional 314,905 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NIC by 269.9% during the third quarter. JPMorgan Chase & Co. now owns 345,905 shares of the software maker’s stock worth $6,123,000 after acquiring an additional 252,383 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of NIC by 18.0% during the third quarter. Bank of New York Mellon Corp now owns 1,594,270 shares of the software maker’s stock worth $27,341,000 after acquiring an additional 243,084 shares in the last quarter. Hedge funds and other institutional investors own 92.31% of the company’s stock.
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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