Barrington analyst Gary Prestopino maintained a Buy rating on NIC Inc (EGOV) today and set a price target of $26. The company’s shares opened today at $16.10.
Prestopino observed:
“We believe the stock’s valuation reflects a transition year in 2019 due to the loss of the Texas contract. We have an OUTPERFORM investment rating on the shares with a price target of $26.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -1.5% and a 36.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
NIC Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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NIC Inc’s market cap is currently $1.08B and has a P/E ratio of 20.17. The company has a Price to Book ratio of 4.95.
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NIC, Inc. is a digital government services, which through its subsidiaries, engages in the provision of digital government solutions and secure payment processing. It operates through Outsourced Portals and Other Software and Services segments.
