Dalton Greiner Hartman Maher & Co. Has $4.88 Million Stock Position in NIC Inc. (NASDAQ:EGOV)

Dalton Greiner Hartman Maher & Co. grew its stake in shares of NIC Inc. (NASDAQ:EGOV) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 218,162 shares of the software maker’s stock after buying an additional 9,461 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in NIC were worth $4,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EGOV. Bank of Montreal Can raised its holdings in shares of NIC by 6.5% during the second quarter. Bank of Montreal Can now owns 47,260 shares of the software maker’s stock valued at $758,000 after purchasing an additional 2,867 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NIC by 9.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 452,391 shares of the software maker’s stock valued at $7,257,000 after purchasing an additional 39,144 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of NIC by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 1,868,476 shares of the software maker’s stock valued at $29,969,000 after purchasing an additional 14,151 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of NIC by 60.3% during the second quarter. Public Employees Retirement System of Ohio now owns 63,549 shares of the software maker’s stock valued at $1,019,000 after purchasing an additional 23,913 shares during the period. Finally, Pinebridge Investments L.P. raised its holdings in shares of NIC by 10.4% during the second quarter. Pinebridge Investments L.P. now owns 72,021 shares of the software maker’s stock valued at $1,155,000 after purchasing an additional 6,805 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

NASDAQ:EGOV opened at $22.18 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a 50-day moving average of $22.34 and a 200-day moving average of $20.77. The company has a market cap of $1.48 billion, a PE ratio of 29.05, a PEG ratio of 1.42 and a beta of 0.85. NIC Inc. has a one year low of $13.65 and a one year high of $24.38.

NIC (NASDAQ:EGOV) last posted its earnings results on Wednesday, October 30th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $90.39 million during the quarter, compared to the consensus estimate of $88.49 million. NIC had a net margin of 14.55% and a return on equity of 22.91%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, equities research analysts expect that NIC Inc. will post 0.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, December 3rd. NIC’s payout ratio is presently 36.36%.

Several equities analysts have recently weighed in on EGOV shares. Zacks Investment Research lowered shares of NIC from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Barrington Research reiterated a “buy” rating and set a $26.00 price objective on shares of NIC in a report on Thursday, October 31st. BidaskClub lowered shares of NIC from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. DA Davidson boosted their target price on shares of NIC from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, ValuEngine downgraded shares of NIC from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.25.

NIC Profile

NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.

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Institutional Ownership by Quarter for NIC (NASDAQ:EGOV)

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