NIC Price Target Lowered to $21.00 at Imperial Capital (EGOV)
Equities researchers at Imperial Capital reduced their target price on shares of NIC (NASDAQ:EGOV) from $24.00 to $21.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective points to a potential upside of 32.49% from the stock’s previous close.
NIC (NASDAQ:EGOV) traded up 1.58% on Tuesday, hitting $16.10. The stock had a trading volume of 141,755 shares. NIC has a 52-week low of $15.53 and a 52-week high of $25.99. The stock’s 50-day moving average is $16.56 and its 200-day moving average is $19.51. The company has a market cap of $1.050 billion and a price-to-earnings ratio of 33.09.
NIC (NASDAQ:EGOV) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $65.40 million for the quarter, compared to the consensus estimate of $66.08 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that NIC will post $0.57 EPS 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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