Media headlines about NIC (NASDAQ:EGOV) have been trending somewhat positive on Monday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NIC earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.2561916269491 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Trivago N.V. ADS (TRVG) vs. NIC (EGOV) Critical Review (americanbankingnews.com)
- German police rule out terrorism in Munich knife attack (feeds.reuters.com)
- German police detain suspect in Munich knife attack (feeds.reuters.com)
- Rockefeller Financial Services Inc Marginally Raises Its Position in NIC Inc. (EGOV) Stock – First News 24 (firstnewspaper24.com)
- Rohingya refugee children in Bangladesh in dire state: UNICEF (feeds.reuters.com)
NIC (NASDAQ EGOV) traded down 2.81% during mid-day trading on Monday, reaching $17.30. 326,174 shares of the company’s stock traded hands. NIC has a 1-year low of $15.45 and a 1-year high of $25.90. The firm has a 50-day moving average price of $17.11 and a 200-day moving average price of $18.48. The stock has a market cap of $1.15 billion, a P/E ratio of 20.35 and a beta of 0.41.
NIC (NASDAQ:EGOV) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $83.57 million. NIC had a net margin of 17.31% and a return on equity of 38.37%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Equities research analysts anticipate that NIC will post $0.74 EPS for the current fiscal year.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of NIC from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. DA Davidson reissued a “neutral” rating and issued a $18.00 target price on shares of NIC in a research report on Wednesday, September 20th. BidaskClub raised 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. Finally, Maxim Group set a $16.00 target price on shares of NIC and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.29.
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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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