Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

AG Edwards Lowers NIC Inc. to Hold

From Standard & Poor's Equity Research

AG Edwards downgraded NIC Inc. (EGOV) to hold from buy on valuation.

Analyst Peter Heckmann continues to view the story favorably, but says valuation is approaching his fair value estimate and he's unaware of near-term catalysts that could serve to generate incremental interest in the name. He is now less willing to advocate to investors to add to positions at current levels, therefore he downgrades the stock.

He will look to management to comment on its second-quarter conference call (expected in late July) on new state opportunities, ongoing renewals, and other developments.

Heckmann sees earnings per share of 18 cents in 2006 and 22 cents in 2007.

blog comments powered by Disqus