In a report released today, Gary Prestopino from Barrington maintained a Hold rating on NIC Inc (EGOV), with a price target of $26. The company’s shares opened today at $17.24, close to its 52-week high of $17.55.
According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.8% and a 45.0% 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 $18, a 4.4% upside from current levels. In a report issued on April 30, D.A. Davidson also maintained a Hold rating on the stock with a $18 price target.
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Based on NIC Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $9.74 million. In comparison, last year the company had a net profit of $15.34 million.
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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.
