Barrington analyst Gary Prestopino maintained a Hold rating on NIC Inc (EGOV) today. The company’s shares closed yesterday at $14.16.
Prestopino noted:
“We are maintaining our 2019 EPS estimate at $0.73 and initiating a 2020 EPS estimate of $0.83. We have a MARKET PERFORM investment rating on the shares.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.4% and a 41.3% 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 Hold, with a price target consensus of $14.50.
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Based on NIC Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $15.73 million. In comparison, last year the company had a net profit of $9.98 million.
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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.
