Q1 2018 EPS Estimates for NIC Inc. (EGOV) Cut by DA Davidson
NIC Inc. (NASDAQ:EGOV) – Investment analysts at DA Davidson lowered their Q1 2018 EPS estimates for shares of NIC in a research note issued on Monday. DA Davidson analyst P. Heckmann now expects that the software maker will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.21. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for NIC’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.78 EPS and FY2019 earnings at $0.76 EPS.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised NIC from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, July 18th. TheStreet cut NIC from a “b-” rating to a “c+” rating in a report on Monday, August 14th. Maxim Group dropped their price objective on NIC from $21.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 21st. Sidoti cut NIC from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Friday, July 21st. Finally, Imperial Capital raised NIC from an “in-line” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.29.
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Shares of NIC (EGOV) traded down 1.45% during mid-day trading on Tuesday, reaching $17.05. The company’s stock had a trading volume of 77,656 shares. The firm has a 50 day moving average price of $17.11 and a 200 day moving average price of $18.48. NIC has a 52-week low of $15.45 and a 52-week high of $25.90. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 20.06 and a beta of 0.41.
NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NIC had a return on equity of 38.37% and a net margin of 17.31%. The business had revenue of $85.30 million during the quarter, compared to analyst estimates of $83.57 million. During the same period in the prior year, the company posted $0.20 earnings per share. NIC’s revenue was up 5.6% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of EGOV. Pacad Investment Ltd. raised its holdings in shares of NIC by 350.0% during the 2nd quarter. Pacad Investment Ltd. now owns 5,400 shares of the software maker’s stock worth $102,000 after buying an additional 4,200 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of NIC during the 1st quarter worth $111,000. SG Americas Securities LLC raised its holdings in shares of NIC by 7.6% during the 1st quarter. SG Americas Securities LLC now owns 6,821 shares of the software maker’s stock worth $138,000 after buying an additional 482 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of NIC during the 2nd quarter worth $153,000. Finally, Pinebridge Investments L.P. raised its holdings in shares of NIC by 1.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 8,201 shares of the software maker’s stock worth $156,000 after buying an additional 108 shares in the last quarter. 92.90% of the stock is owned by institutional investors.
NIC Company Profile
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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