NIC Inc. Sets New 1-Year High at $25.62 (EGOV)
NIC (NASDAQ:EGOV) set a new 52-week high during trading on Friday, Analyst RN reports. The stock traded as high as $25.62 and last traded at $24.97, with a volume of 689,495 shares. The stock had previously closed at $23.04.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of NIC from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $25.20 price target on the stock. Separately, analysts at Stephens raised their price target on shares of NIC from $16.00 to $20.00 in a research note to investors on Tuesday, August 6th. They now have an “equal weight” rating on the stock. Finally, analysts at Barrington Research downgraded shares of NIC from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.24.
NIC has a 1-year low of $13.58 and a 1-year high of $24.15. The stock has a 50-day moving average of $22.1 and a 200-day moving average of $19.21. The company has a market cap of $1.622 billion and a P/E ratio of 42.67.
NIC (NASDAQ:EGOV) last released its earnings data on Thursday, August 1st. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.05. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $60.55 million. During the same quarter last year, the company posted $0.09 earnings per share. NIC’s revenue was up 27.0% compared to the same quarter last year. On average, analysts predict that NIC will post $0.54 earnings per share for the current fiscal year.
NIC Inc (NASDAQ:EGOV) is a provider of eGovernment services that assists governments use the Internet.
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