In a report released today, Gary Prestopino from Barrington maintained a Hold rating on NIC Inc (NASDAQ: EGOV). The company’s shares closed on Friday at $14.90.
Prestopino commented:
“We have a MARKET PERFORM investment rating on NIC. Company Description 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. It operates through the Portal Outsourcing, and Software and Services segments. The Portal Outsourcing segment operates outsourced government portals and the corporate divisions that support portal operations. The Software & Services segment provides software development and services other than portal outsourcing services to state and local governments. It also provides software development and services to federal agencies through its subsidiaries. The company was founded by Harry H. Herington, Ross C. Hartley, William F. Bradley and Jeffery S. Fraser in 1992 and is headquartered in Olathe, KS.”
According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.9% and a 46.8% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.
Currently, the analyst consensus on NIC Inc is Hold and the average price target is $15, representing a 0.7% upside.
In a report issued on April 20, Euro Pacific Capital also maintained a Hold rating on the stock.
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NIC Inc’s market cap is currently $987.4M and has a P/E ratio of 19.59. The company has a book value ratio of 5.8691.
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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. It operates through the Portal Outsourcing, and Software and Services segments. The Portal Outsourcing segment operates outsourced government portals and the corporate divisions that support portal operations. The Software & Services segment provides software development and services other than portal outsourcing services to state and local governments. It also provides software development and services to federal agencies through its subsidiaries. The company was founded by Harry H. Herington, Ross C. Hartley, William F. Bradley and Jeffery S. Fraser in 1992 and is headquartered in Olathe, KS.
