Somewhat Favorable Press Coverage Likely to Impact NIC (EGOV) Stock Price

News headlines about NIC (NASDAQ:EGOV) have been trending somewhat positive on Saturday, Alpha One reports. The research group, a division of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NIC earned a daily sentiment score of 0.19 on Alpha One’s scale. Alpha One also gave news stories about the software maker an impact score of 79 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Alpha One Sentiment’s analysis:

Insider Buying and Selling by Quarter for NIC (NASDAQ:EGOV)

Separately, Zacks Investment Research upgraded NIC from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.83.

Shares of NIC (NASDAQ EGOV) traded down 1.00% during midday trading on Friday, reaching $19.75. The company’s stock had a trading volume of 598,931 shares. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 23.10 and a beta of 0.53. The stock has a 50-day moving average of $20.57 and a 200 day moving average of $22.13. NIC has a 12 month low of $19.50 and a 12 month high of $25.90.

NIC (NASDAQ:EGOV) last announced its quarterly earnings results on Monday, May 1st. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. NIC had a return on equity of 39.07% and a net margin of 17.64%. The company had revenue of $83.20 million during the quarter, compared to the consensus estimate of $81.99 million. During the same period in the prior year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that NIC will post $0.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.62%. NIC’s dividend payout ratio (DPR) is currently 37.65%.

In other NIC news, COO Robert W. Knapp sold 25,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $20.38, for a total value of $509,500.00. Following the completion of the sale, the chief operating officer now directly owns 197,531 shares in the company, valued at $4,025,681.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander C. Kemper sold 7,000 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $20.85, for a total value of $145,950.00. Following the completion of the sale, the director now owns 32,232 shares of the company’s stock, valued at $672,037.20. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

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NIC Company Profile

NIC Inc is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.

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