NIC Inc. (NASDAQ:EGOV) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded NIC Inc. (NASDAQ:EGOV) to Hold in a statement released on Monday October 10, 2016.
On 9/26/2016, Zacks Investment Research released a statement on NIC Inc. (NASDAQ:EGOV) upped the target price from $0.00 to $26.00 that suggested an upside of 0.12%.
Having a price of $23.21, NIC Inc. (NASDAQ:EGOV) traded 0.74% higher on the day. With the last close up 9.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. NIC Inc. has recorded a 50-day average of $23.09 and a two hundred day average of $21.11. Volume of trade was down over the average, with 63,846 shares of EGOV changing hands under the typical 225,902
Recent Performance Chart
NIC Inc. has 52 week low of $14.48 and a 52 week high of $23.82 with a PE ratio of 32.63 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $20.17 with 2 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On NIC Inc. (NASDAQ:EGOV)
NIC Inc. is a provider of digital government services that help governments use technology. The Company operates through Outsourced Portals segment. The Other Software & Services category includes its subsidiaries that provide software development and services, other than outsourced portal services, to state and local governments, as well as federal agencies. The Company offers its services through two channels: primary outsourced portal businesses, and software & services businesses. In its primary outsourced portal businesses, it enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that the Company has built to allow businesses and citizens to access government information online and secure transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report.
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