Zacks Investment Research issued a report on NIC Inc. (NASDAQ:EGOV), stepping up its target to $26.00 earlier today
- Updated: September 26, 2016
Boasting a price of $23.30, NIC Inc. (NASDAQ:EGOV) traded -1.56% lower on the day. With the last stock price close up 12.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. NIC Inc. has recorded a 50-day average of $23.02 and a two hundred day average of $20.69. Volume of trade was down over the average, with 124,395 shares of EGOV changing hands under the typical 265,720
Zacks Investment Research bumped up the target of NIC Inc. (NASDAQ:EGOV) to $26.00 stating a potential upside of 0.12%.
With a total market value of $0, NIC Inc. has price-earnings ratio of 32.82 with a one year low of $14.48 and a one year high of $23.82 .
A total of 6 brokerages have issued a ratings update on NIC Inc.. Two brokerages rating the company a strong buy, zero brokerages rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price 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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