NIC Inc. (EGOV): Good time to sell it?

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NIC Inc. (NASDAQ:EGOV) changes shares on Tuesday trading session, with a change of -0.18% or -$0.04 shares. The trading starts at $22.96 and closed at $22.73 throughout the day. The trading session low price was $22.66 and day high was $23.1278 on Tuesday, June 23. After the session, the Technology sector daily volume shifted to 0.34 million while its average volume is 518.69K. In other hand, the EGOV market cap reached to $1.55B. While, its current target price is $22.69 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.18% and down -4.62% for month. Its quarterly performance was 8.31% above, while its half year performance is up 2.67%. EGOV yearly performance stood at positive 43.70% and rise 1.52% for year-to-date. Current recommendation for NIC Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EGOV EPS (TTM) for 12-month is 0.75. EPS for this year is -14.50%, while for the next year its value is 0.92. Sales growth for the current quarter is 3.03 while its EPS Q/Q reached 2.70%. It has an EPS of 4.70% up for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on EGOV for the current month and previous month. For the current month, 2 of 4 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 3 analysts participate in stock recommendation. Out of 3, 0 rated it sell, 3 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $26.00-$30.00. Average target price for EGOV was reached at $27.50.

Blackrock Inc., Vanguard Group, Inc. (The) and Brown Capital Management, Inc. are the top three holders in NIC Inc. (EGOV) stock. On Mar 30, 2020, Blackrock Inc. has 9.92 million shares which valued 228.27 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 7.07 million shares which valued at 162.56 million. On Mar 30, 2020, Brown Capital Management, Inc. has a total of 3.83 million shares which valued at 88.07 million. In the end, Brown Capital Management, Inc. have 5.72% shares outstanding of NIC Inc. (EGOV) on Mar 30, 2020. The insider ownership moved to 3.20% and institutional holding shifted to 91.10%.

The company posted an EPS (TTM) of 0.75. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.18, while 0.21 EPS posted a year ago period. Analyst Estimated EPS for EGOV published in the report was 0.16-0.2 during the same period. Comparing with last year, the average estimated EPS was 0.21 which is higher than 0.18 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for EGOV rise 3.67% for period of 200 days. SMA for 50 days was -4.87% which is showing red signal, while SMA-20 was -5.90%. The moving average value for NIC Inc. (EGOV) is 22.05 and 23.64 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in EGOV stock. On Jun 19, Arasu Venmal (Raji), Director, sold 2,000 trading shares at the cost of $23.02, which valued at 46032.0. On Aug 29, Lyons William M, Director, sold 10,000 shares at the cost of $20.96, with total shares of 61,786.