Analyst Price Target is $31.33
▼ -7.84% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for NIC in the last 3 months. The average price target is $31.33, with a high forecast of $34.00 and a low forecast of $30.00. The average price target represents a -7.84% upside from the last price of $34.00.
Current Consensus is
The current consensus among 3 investment analysts is to hold stock in NIC. This rating has held steady since March 2020, when it changed from a Buy consensus rating.
NIC Inc., together with its subsidiaries, provides digital government services and payment solutions that enable governments to use technology to provide various services to businesses and citizens in the United States. The company operates through three segments: State Enterprise, Payments, and TourHealth. Its digital government services consist websites and applications that enable businesses and citizens to access government information through online channels, such as applying for a permit, retrieving government records, filing a government-mandated form or report, and making digital payments. The company's service offerings include business registrations and renewals; court services; driver's license renewal; health professional license services; hunting and fishing licenses; income and property tax payments; limited criminal history searches; motor vehicle driver history record retrieval; motor vehicle inspections; payment processing; prescription drug monitoring; professional license renewal; secretary of state business searches; temporary vehicle tags; uniform commercial code searches and filings; vehicle title, lien, and registration; and vital records. Its software & services business provides SaaS solutions relating to payment processing, healthcare and licensing, COVID-19 testing solutions, software development, and other digital government services under state enterprise contracts to federal, state, and local governments. In addition, the company develops and manages the pre-employment screening program for motor carriers using transaction-based business model. NIC Inc. was founded in 1992 and is headquartered in Olathe, Kansas.