Raymond James analyst Brian Gesuale reiterated a Buy rating on NIC (NASDAQ:EGOV) Inc on Wednesday, setting a price target of $28, which is approximately 28.62% above the present share price of $21.77.
Gesuale expects NIC Inc to post earnings per share (EPS) of $0.20 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in NIC, with an average price target of $29.
The analysts price targets range from a high of $30 to a low of $28.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $93.59 million and a net profit of $18.38 million. The company's market cap is $1.46 billion.
According to TipRanks.com, Raymond James analyst Brian Gesuale is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.0% and a 71.43% success rate.
NIC, Inc. is a digital government services, which through its subsidiaries, engages in the provision of digital government solutions and secure payment processing. It operates through Outsourced Portals and Other Software and Services segments. The Outsourced Portals segment operates digital government services on an enterprise-wide basis for state and local governments. The Software and Services segment provides software development and digital government services. 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.