Barrington analyst Gary Prestopino maintained a Buy rating on NIC Inc (EGOV) today and set a price target of $26. The company’s shares closed yesterday at $18.14, close to its 52-week high of $18.73.
Prestopino said:
“We are maintaining our 2019 and 2020 EPS estimates at $0.73 and $0.83, respectively. We have an OUTPERFORM investment rating on the shares with a two-year price target of $26. Company Description 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 Services segments. The Outsourced Portals segment operates digital government services on an enterprise-wide basis for state and local governments. Services segment provides software development and digital government services.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.4% and a 42.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
NIC Inc has an analyst consensus of Strong Buy, with a price target consensus of $23, representing a 26.8% upside. In a report released today, D.A. Davidson also upgraded the stock to Buy with a $21 price target.
See today’s analyst top recommended stocks >>
Based on NIC Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.38 million. In comparison, last year the company had a net profit of $16.82 million.
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. 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.
