NIC Inc. (NASDAQ:EGOV) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded NIC Inc. (NASDAQ:EGOV) to Hold in a statement released on Friday September 23, 2016.
On Friday August 05, 2016, Maxim Group released a statement on NIC Inc. (NASDAQ:EGOV) upped the target price from $18.00 to $23.00 that suggested a downside of -0.01%.
Having a price of $23.67, NIC Inc. (NASDAQ:EGOV) traded 0.21% higher on the day. With the last close up 14.89% 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 $23.02 and a two hundred day average of $20.60. Volume of trade was down over the average, with 175,405 shares of EGOV changing hands under the typical 272,183
With a total market value of $0, NIC Inc. has price-earnings ratio of 33.34 with a one year low of $14.48 and a one year high of $23.82 .
A total of 6 brokerages have released a report on NIC Inc.. Two brokerages rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $20.17.
More About 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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