NIC Inc. (EGOV) Announces $0.08 Quarterly Dividend
NIC Inc. (NASDAQ:EGOV) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, December 5th will be paid a dividend of 0.08 per share by the software maker on Tuesday, December 19th. This represents a $0.32 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, December 4th.
NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, November 1st. The software maker reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $84.53 million during the quarter, compared to the consensus estimate of $83.55 million. NIC had a net margin of 17.31% and a return on equity of 38.37%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share.
A number of brokerages recently commented on EGOV. Maxim Group reiterated a “hold” rating and set a $16.00 target price on shares of NIC in a research note on Thursday. Zacks Investment Research downgraded shares of NIC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. DA Davidson reiterated a “neutral” rating and set a $18.00 target price on shares of NIC in a research note on Wednesday, September 20th. BidaskClub upgraded shares of NIC from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, TheStreet downgraded shares of NIC from a “b-” rating to a “c+” rating in a research note on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.29.
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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