Equities analysts expect NIC Inc. (NASDAQ:EGOV) to report $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for NIC’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.16. NIC reported earnings per share of $0.24 during the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is scheduled to report its next quarterly earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that NIC will report full-year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.76. For the next fiscal year, analysts forecast that the business will report earnings of $0.79 per share, with EPS estimates ranging from $0.77 to $0.81. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover NIC.

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

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of NIC from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of NIC from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. TheStreet downgraded shares of NIC from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Maxim Group set a $16.00 price target on shares of NIC and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Sidoti downgraded shares of 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.00.

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Shares of NIC (NASDAQ:EGOV) traded up 0.31% during trading on Thursday, reaching $16.35. The company had a trading volume of 451,416 shares. NIC has a 12 month low of $15.45 and a 12 month high of $25.90. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 19.24 and a beta of 0.42. The firm has a 50 day moving average price of $16.63 and a 200 day moving average price of $19.54.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. NIC’s dividend payout ratio (DPR) is 38.10%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of NIC by 8.9% in the second quarter. BlackRock Inc. now owns 8,145,068 shares of the software maker’s stock worth $154,348,000 after buying an additional 665,492 shares during the period. Vanguard Group Inc. boosted its stake in NIC by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,962,692 shares of the software maker’s stock worth $112,993,000 after buying an additional 59,123 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in NIC by 0.4% in the second quarter. TimesSquare Capital Management LLC now owns 2,138,172 shares of the software maker’s stock worth $40,518,000 after buying an additional 8,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in NIC by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,085,971 shares of the software maker’s stock worth $39,529,000 after buying an additional 19,167 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC boosted its stake in NIC by 20.8% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,863,706 shares of the software maker’s stock worth $37,647,000 after buying an additional 321,052 shares during the last quarter. 92.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for NIC (NASDAQ:EGOV)

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