NIC (EGOV) Earns Daily News Impact Score of 0.19

Media stories about NIC (NASDAQ:EGOV) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NIC earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 78 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the immediate future.

Insider Buying and Selling by Quarter for NIC (NASDAQ:EGOV)

Shares of NIC (NASDAQ:EGOV) traded down 0.51% on Tuesday, reaching $19.70. 462,082 shares of the company were exchanged. The stock has a market capitalization of $1.30 billion, a PE ratio of 23.04 and a beta of 0.53. NIC has a 12-month low of $19.35 and a 12-month high of $25.90. The firm has a 50 day moving average price of $20.48 and a 200-day moving average price of $22.02.

NIC (NASDAQ:EGOV) last posted its earnings results on Monday, May 1st. The software maker reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $81.99 million. NIC had a net margin of 17.64% and a return on equity of 39.07%. NIC’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, analysts predict that NIC will post $0.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Tuesday, June 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, June 2nd. NIC’s dividend payout ratio (DPR) is presently 37.65%.

Separately, Zacks Investment Research raised shares of NIC from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.83.

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In related news, COO Robert W. Knapp sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $20.38, for a total transaction of $509,500.00. Following the sale, the chief operating officer now owns 197,531 shares of the company’s stock, valued at approximately $4,025,681.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexander C. Kemper sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $20.85, for a total transaction of $145,950.00. Following the sale, the director now directly owns 32,232 shares in the company, valued at approximately $672,037.20. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EGOV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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