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NIC Inc. (EGOV) Reaches $13.20 After 4.00% Up Move; Independent Bank (IBCP) Sentiment Is 1.37

The stock of NIC Inc. (NASDAQ:EGOV) is a huge mover today! The stock increased 2.33% or $0.3 during the last trading session, reaching $13.2. About 226,204 shares traded. NIC Inc. (NASDAQ:EGOV) has risen 13.72% since February 8, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.The move comes after 7 months positive chart setup for the $874.78M company. It was reported on Feb, 8 by Barchart.com. We have $13.73 PT which if reached, will make NASDAQ:EGOV worth $34.99M more.

Independent Bank Corporation operates as the bank holding firm for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company has market cap of $490.68 million. The firm also offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It has a 24.21 P/E ratio. It also provides title insurance, and investment and insurance services; and acquires and services payment plans used by clients to purchase vehicle service contracts provided and administered by third parties.

Among 8 analysts covering NIC (NASDAQ:EGOV), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. NIC has $23 highest and $14.0 lowest target. $19’s average target is 43.94% above currents $13.2 stock price. NIC had 17 analyst reports since August 11, 2015 according to SRatingsIntel. On Friday, July 21 the stock rating was downgraded by Sidoti to “Hold”. The rating was upgraded by Zacks to “Sell” on Monday, August 24. On Monday, July 17 the stock rating was upgraded by Imperial Capital to “Buy”. The rating was maintained by Maxim Group on Friday, August 5 with “Hold”. Imperial Capital maintained NIC Inc. (NASDAQ:EGOV) on Wednesday, November 18 with “In-Line” rating. The rating was downgraded by Avondale on Thursday, February 2 to “Mkt Underperform”. Imperial Capital maintained the shares of EGOV in report on Tuesday, February 9 with “In-Line” rating. The stock of NIC Inc. (NASDAQ:EGOV) earned “Outperform” rating by Imperial Capital on Tuesday, August 11. Loop Capital initiated NIC Inc. (NASDAQ:EGOV) on Wednesday, February 15 with “Hold” rating. The firm earned “Market Perform” rating on Friday, February 5 by Avondale.

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 has market cap of $874.78 million. The companyÂ’s Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. It has a 17.14 P/E ratio. These portals consist of Websites and applications that enable businesses and citizens to access government information online and complete transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report.

Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.24, from 1.65 in 2017Q2. It is negative, as 25 investors sold NIC Inc. shares while 45 reduced holdings. 30 funds opened positions while 69 raised stakes. 60.61 million shares or 0.50% more from 60.31 million shares in 2017Q2 were reported. The California-based Fuller And Thaler Asset Incorporated has invested 0% in NIC Inc. (NASDAQ:EGOV). Dimensional Fund Advsrs L P accumulated 2.10M shares. Alps Advsrs reported 28,090 shares. Wellington Gru Ltd Liability Partnership stated it has 228,072 shares or 0% of all its holdings. Savings Bank Of Montreal Can owns 4,675 shares. Zebra Management Limited holds 41,303 shares or 0.23% of its portfolio. Cipher Capital Lp holds 0.06% or 48,609 shares. California Employees Retirement stated it has 0% of its portfolio in NIC Inc. (NASDAQ:EGOV). Pacad Inv holds 0.02% or 5,300 shares in its portfolio. Alpine Woods Cap Invsts Lc has invested 0.01% of its portfolio in NIC Inc. (NASDAQ:EGOV). Manufacturers Life Insur The, a Ontario – Canada-based fund reported 49,474 shares. Bnp Paribas Arbitrage invested in 34,806 shares. Martingale Asset L P holds 0.04% or 165,614 shares in its portfolio. Menta Cap Limited Liability Com stated it has 56,031 shares. Ubs Asset Americas owns 0% invested in NIC Inc. (NASDAQ:EGOV) for 34,076 shares.

Pl Capital Advisors Llc holds 6.11% of its portfolio in Independent Bank Corporation for 1.05 million shares. Clover Partners L.P. owns 530,687 shares or 4.82% of their US portfolio. Moreover, Ejf Capital Llc has 1.77% invested in the company for 750,000 shares. The New York-based Maltese Capital Management Llc has invested 1.72% in the stock. Fj Capital Management Llc, a Virginia-based fund reported 487,000 shares.

The stock increased 0.44% or $0.1 during the last trading session, reaching $23. About 44,089 shares traded. Independent Bank Corporation (IBCP) has risen 39.51% since February 8, 2017 and is uptrending. It has outperformed by 22.81% the S&P500.

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