Very Positive Media Coverage Somewhat Likely to Impact NIC (EGOV) Stock Price

News coverage about NIC (NASDAQ:EGOV) has been trending very positive on Thursday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NIC earned a media sentiment score of 0.56 on AlphaOne’s scale. AlphaOne also assigned news stories about the software maker an impact score of 55 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Alpha One’s rankings:

Shares of NIC (EGOV) opened at 20.25 on Thursday. The firm has a market cap of $1.34 billion, a P/E ratio of 23.68 and a beta of 0.61. NIC has a 12 month low of $19.50 and a 12 month high of $25.90. The stock’s 50 day moving average is $20.87 and its 200 day moving average is $22.50.

NIC (NASDAQ:EGOV) last announced its earnings results on Monday, May 1st. The software maker reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $83.20 million during the quarter, compared to analysts’ expectations of $81.99 million. NIC had a return on equity of 39.21% and a net margin of 17.56%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. Equities research analysts expect that NIC will post $0.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, June 2nd.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of NIC from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, May 4th. Avondale Partners lowered shares of NIC from a “market perform” rating to an “underperform” rating and set a $18.00 price target for the company. in a report on Thursday, February 2nd. They noted that the move was a valuation call. Loop Capital assumed coverage on shares of NIC in a report on Tuesday, February 14th. They set a “hold” rating and a $22.00 price target for the company. Finally, Sidoti upgraded shares of NIC from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.83.

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In other news, COO Robert W. Knapp sold 25,000 shares of NIC stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $20.38, for a total value of $509,500.00. Following the completion of the transaction, the chief operating officer now owns 197,531 shares in the company, valued at approximately $4,025,681.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexander C. Kemper sold 7,000 shares of NIC stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $20.85, for a total value of $145,950.00. Following the completion of the transaction, the director now owns 32,232 shares of the company’s stock, valued at approximately $672,037.20. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

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.new 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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