NIC Inc Receives a Hold from Maxim Group

In a report issued on April 20, Brian Kinstlinger from Maxim Group maintained a Hold rating on NIC Inc (NASDAQ: EGOV). The company’s shares closed on Friday at $14.30.

According to TipRanks.com, Kinstlinger is a 2-star analyst with an average return of 0.7% and a 54.4% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, BIO-key International Inc, and Applied DNA Sciences.

NIC Inc has an analyst consensus of Hold, with a price target consensus of $15.

The company has a one-year high of $22.40 and a one-year low of $12.65. Currently, NIC Inc has an average volume of 749.5K.

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NIC, Inc. engages in the provision of digital Government services to the government institutions and provides portal business and also maintains long-term contracts with state and local governments and designs, builds, and operates Internet-based, enterprise-wide portals on their behalf. It operates through the Portal Outsourcing, and Software and Services segments. The Portal Outsourcing segment operates outsourced government portals and the corporate divisions that support portal operations. The Software & Services segment provides software development and services other than portal outsourcing services to state and local governments. It also provides software development and services to federal agencies through its subsidiaries. The company was founded by Harry H. Herington, Ross C. Hartley, William F. Bradley and Jeffery S. Fraser in 1992 and is headquartered in Olathe, KS.

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