Barrington analyst Gary Prestopino maintained a Hold rating on NIC Inc (NASDAQ: EGOV) today. The company’s shares opened today at $15.95.
Prestopino observed:
“We are increasing our 2019 EPS estimate to $0.72 from $0.69 reflecting the commencement of the Recreation.Gov contract in October of this year. We have a MARKET PERFORM investment rating on the shares.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 12.0% and a 62.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
Currently, the analyst consensus on NIC Inc is a Hold with an average price target of $18, a 12.9% upside from current levels. In a report issued on August 2, Stephens also reiterated a Hold rating on the stock with a $18 price target.
.
See today’s analyst top recommended stocks >>
NIC Inc’s market cap is currently $1.06B and has a P/E ratio of 18.98. The company has a Price to Book ratio of 5.49.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NIC, Inc. engages in the provision of digital Government services to the government institutions and provides portal business and also maintains long-term contracts with state and local governments and designs, builds, and operates Internet-based, enterprise-wide portals on their behalf.
