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Conestoga Capital Advisors Has Cut Nic (EGOV) Position; Last Week Ascena Retail Group, Inc. (ASNA) Coverage

Ascena Retail Group, Inc. (NASDAQ:ASNA) Logo

Conestoga Capital Advisors Llc decreased Nic Inc (EGOV) stake by 14.57% reported in 2017Q4 SEC filing. Conestoga Capital Advisors Llc sold 293,655 shares as Nic Inc (EGOV)’s stock declined 22.67%. The Conestoga Capital Advisors Llc holds 1.72M shares with $28.59M value, down from 2.02 million last quarter. Nic Inc now has $1.04 billion valuation. The stock increased 0.32% or $0.05 during the last trading session, reaching $15.6. About 703,071 shares traded or 8.09% up from the average. NIC Inc. (NASDAQ:EGOV) has declined 34.80% since May 16, 2017 and is downtrending. It has underperformed by 46.35% the S&P500.

Among 11 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. Ascena Retail Group had 31 analyst reports since September 24, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group on Wednesday, June 1 with “Market Perform”. The rating was maintained by FBR Capital with “Hold” on Tuesday, March 6. The company was upgraded on Thursday, February 11 by Goldman Sachs. The firm earned “Outperform” rating on Friday, January 15 by RBC Capital Markets. The rating was initiated by Goldman Sachs on Thursday, December 15 with “Neutral”. The firm earned “Mkt Perform” rating on Tuesday, September 20 by FBR Capital. The stock of Ascena Retail Group, Inc. (NASDAQ:ASNA) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, September 20. The stock has “Neutral” rating by B. Riley & Co on Tuesday, March 6. FBR Capital maintained the stock with “Hold” rating in Tuesday, December 5 report. The stock has “Sell” rating by Citigroup on Tuesday, March 7. See Ascena Retail Group, Inc. (NASDAQ:ASNA) latest ratings:

06/03/2018 Broker: FBR Capital Rating: Hold New Target: $2.0 Maintain
05/03/2018 Broker: Guggenheim Rating: Hold
06/03/2018 Broker: B. Riley & Co Rating: Neutral Old Target: $2.5 New Target: $2 Maintain
05/12/2017 Broker: FBR Capital Rating: Hold New Target: $2.5 Maintain

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company has market cap of $546.59 million. The firm operates through six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It currently has negative earnings. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.

The stock increased 10.04% or $0.26 during the last trading session, reaching $2.85. About 3.57 million shares traded or 137.98% up from the average. Ascena Retail Group, Inc. (NASDAQ:ASNA) has declined 47.27% since May 16, 2017 and is downtrending. It has underperformed by 58.82% the S&P500.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.02, from 1.16 in 2017Q3. It improved, as 17 investors sold Ascena Retail Group, Inc. shares while 50 reduced holdings. 32 funds opened positions while 47 raised stakes. 172.72 million shares or 3.19% less from 178.41 million shares in 2017Q3 were reported. Jane Street Grp Lc has 11,479 shares. Towle And stated it has 8.37 million shares or 1.94% of all its holdings. Two Sigma Ltd Liability owns 45,264 shares for 0% of their portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Ascena Retail Group, Inc. (NASDAQ:ASNA) for 4,736 shares. Teachers Retirement System Of The State Of Kentucky reported 57,300 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Systems has invested 0% in Ascena Retail Group, Inc. (NASDAQ:ASNA). Bourgeon Management Llc has invested 0.01% in Ascena Retail Group, Inc. (NASDAQ:ASNA). Eqis Cap Mngmt reported 0% stake. Suntrust Banks stated it has 0% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA). Macquarie Group Inc Incorporated Ltd reported 13,600 shares. Zeke Advsrs Limited Liability Corp reported 10,698 shares. State Bank Of America Corp De invested in 140,460 shares. Spark Inv Mngmt Ltd Limited Liability Company stated it has 0.08% in Ascena Retail Group, Inc. (NASDAQ:ASNA). Ubs Asset Mngmt Americas holds 124,750 shares. Louisiana State Employees Retirement Systems holds 0.01% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA) for 73,400 shares.

Analysts await NIC Inc. (NASDAQ:EGOV) to report earnings on August, 1. They expect $0.22 EPS, up 15.79% or $0.03 from last year’s $0.19 per share. EGOV’s profit will be $14.64M for 17.73 P/E if the $0.22 EPS becomes a reality. After $0.24 actual EPS reported by NIC Inc. for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

More recent NIC Inc. (NASDAQ:EGOV) news were published by: Businesswire.com which released: “NIC’s Gov2Go Platform Wins 2018 Dynamite Award in ‘Impacter’ Category at ACT-IAC Igniting Innovation Showcase” on May 15, 2018. Also Nasdaq.com published the news titled: “Report: Exploring Fundamental Drivers Behind CPI Card Group, Cigna, NII, Altaba, Glu Mobile, and NIC — New …” on May 07, 2018. Businesswire.com‘s news article titled: “Alabama Website Recognized by International Award Competition” with publication date: May 14, 2018 was also an interesting one.

Investors sentiment decreased to 1.25 in Q4 2017. Its down 0.16, from 1.41 in 2017Q3. It fall, as 19 investors sold EGOV shares while 54 reduced holdings. 30 funds opened positions while 61 raised stakes. 62.43 million shares or 2.99% more from 60.61 million shares in 2017Q3 were reported. Conestoga Capital Advsrs Ltd stated it has 1.72 million shares. New York State Teachers Retirement System reported 0% in NIC Inc. (NASDAQ:EGOV). Vanguard Grp Inc invested in 6.14M shares or 0% of the stock. Anchor Capital Advsr Limited Com holds 0.02% of its portfolio in NIC Inc. (NASDAQ:EGOV) for 40,828 shares. New York-based D E Shaw & has invested 0.01% in NIC Inc. (NASDAQ:EGOV). Loomis Sayles & Limited Partnership stated it has 1,382 shares or 0% of all its holdings. Mondrian has 0.1% invested in NIC Inc. (NASDAQ:EGOV) for 255,549 shares. Stone Ridge Asset Mngmt Limited Liability Corp reported 41,514 shares or 0.05% of all its holdings. U S Glob Inc invested 0.41% in NIC Inc. (NASDAQ:EGOV). 146,479 are held by Nordea Inv Ab. Freestone Liability holds 231,448 shares or 0.27% of its portfolio. Morgan Stanley has invested 0% in NIC Inc. (NASDAQ:EGOV). Missouri-based Atwood Palmer has invested 0.01% in NIC Inc. (NASDAQ:EGOV). Acadian Asset Mngmt Ltd Llc reported 45,681 shares. Parametric Portfolio Associate Ltd Liability Company accumulated 0% or 91,187 shares.

Among 9 analysts covering NIC (NASDAQ:EGOV), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. NIC had 19 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of NIC Inc. (NASDAQ:EGOV) has “Hold” rating given on Thursday, February 1 by Stephens. On Tuesday, February 9 the stock rating was maintained by Imperial Capital with “In-Line”. Stephens maintained the shares of EGOV in report on Friday, March 9 with “Hold” rating. The stock has “Hold” rating by Sidoti on Friday, July 21. The stock of NIC Inc. (NASDAQ:EGOV) earned “Mkt Underperform” rating by Avondale on Thursday, February 2. Loop Capital initiated it with “Hold” rating and $22 target in Wednesday, February 15 report. The firm has “Outperform” rating given on Tuesday, August 11 by Imperial Capital. On Monday, August 17 the stock rating was downgraded by Stephens to “Overweight”. The stock has “In-Line” rating by Imperial Capital on Wednesday, November 18. Avondale downgraded NIC Inc. (NASDAQ:EGOV) on Friday, February 5 to “Market Perform” rating.

NIC Inc. (NASDAQ:EGOV) Institutional Positions Chart

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