NIC Inc. (EGOV) Forms $17.45 Double Bottom; Bruce & Co Has Decreased Its Amerco (UHAL) Position

Bruce & Co Inc decreased Amerco (UHAL) stake by 1.57% reported in 2017Q3 SEC filing. Bruce & Co Inc sold 3,000 shares as Amerco (UHAL)’s stock declined 0.39%. The Bruce & Co Inc holds 188,370 shares with $70.62 million value, down from 191,370 last quarter. Amerco now has $7.32 billion valuation. The stock decreased 1.10% or $4.16 during the last trading session, reaching $373.38. About 63,974 shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since January 16, 2017 and is uptrending. It has underperformed by 11.77% the S&P500.

NIC Inc. (EGOV) formed double bottom with $16.58 target or 5.00% below today’s $17.45 share price. NIC Inc. (EGOV) has $1.16 billion valuation. The stock increased 0.58% or $0.1 during the last trading session, reaching $17.45. About 552,318 shares traded. NIC Inc. (NASDAQ:EGOV) has risen 13.72% since January 16, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Analysts await NIC Inc. (NASDAQ:EGOV) to report earnings on February, 7. They expect $0.16 EPS, down 20.00% or $0.04 from last year’s $0.2 per share. EGOV’s profit will be $10.60 million for 27.27 P/E if the $0.16 EPS becomes a reality. After $0.21 actual EPS reported by NIC Inc. for the previous quarter, Wall Street now forecasts -23.81% negative EPS growth.

Among 7 analysts covering NIC (NASDAQ:EGOV), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. NIC has $23 highest and $1600 lowest target. $20.25’s average target is 16.05% above currents $17.45 stock price. NIC had 16 analyst reports since August 11, 2015 according to SRatingsIntel. Imperial Capital downgraded the stock to “Outperform” rating in Tuesday, August 11 report. The stock has “Market Perform” rating by Avondale on Friday, February 5. The rating was upgraded by Imperial Capital on Monday, July 17 to “Buy”. Imperial Capital maintained the shares of EGOV in report on Tuesday, February 9 with “In-Line” rating. The stock has “Mkt Underperform” rating by Avondale on Thursday, February 2. As per Friday, July 21, the company rating was downgraded by Sidoti. Loop Capital initiated NIC Inc. (NASDAQ:EGOV) on Wednesday, February 15 with “Hold” rating. The stock has “Hold” rating by Maxim Group on Friday, August 5. The stock has “Sell” rating by Zacks on Monday, August 24. Imperial Capital maintained NIC Inc. (NASDAQ:EGOV) rating on Wednesday, November 18. Imperial Capital has “In-Line” rating and $22 target.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.24, from 1.65 in 2017Q2. It worsened, 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. State Of Tennessee Treasury Department reported 0% in NIC Inc. (NASDAQ:EGOV). Citigroup accumulated 0% or 53,058 shares. Voya Investment Mgmt Lc holds 57,903 shares or 0% of its portfolio. Strs Ohio has invested 0.02% in NIC Inc. (NASDAQ:EGOV). Moreover, Stevens Mgmt L P has 0.01% invested in NIC Inc. (NASDAQ:EGOV). D E Shaw & Com accumulated 610,566 shares or 0.02% of the stock. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 307,300 shares. Great West Life Assurance Can has 90,586 shares. Citadel Advisors Limited Liability Corporation has invested 0.01% in NIC Inc. (NASDAQ:EGOV). Illinois-based Envestnet Asset has invested 0% in NIC Inc. (NASDAQ:EGOV). Oppenheimer And Company stated it has 0.01% of its portfolio in NIC Inc. (NASDAQ:EGOV). Rech Management holds 0.03% or 4,900 shares. Advsr Asset Management Incorporated holds 8,129 shares. 972,933 were reported by New York State Common Retirement Fund. Employees Retirement System Of Texas reported 58,000 shares.

Since December 18, 2017, it had 0 insider purchases, and 1 insider sale for $76,232 activity. Another trade for 200 shares valued at $76,232 was sold by Brogan John P..

Analysts await AMERCO (NASDAQ:UHAL) to report earnings on February, 14. They expect $9.20 earnings per share, up 176.28% or $5.87 from last year’s $3.33 per share. UHAL’s profit will be $180.39 million for 10.15 P/E if the $9.20 EPS becomes a reality. After $6.36 actual earnings per share reported by AMERCO for the previous quarter, Wall Street now forecasts 44.65% EPS growth.