Keybank National Association Has Decreased Mccormick & Co (MKC) Stake; Nic (EGOV) Sentiment Is 1.65

November 14, 2017 - By Migdalia James

NIC Inc. is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The company has market cap of $1.04 billion. The Firm operates

through Outsourced Portals segment. It has a 19.14 P/E ratio. The Firm offers its services through two channels: primary outsourced portal businesses, and software and services businesses.

Keybank National Association decreased Mccormick & Co Inc (MKC) stake by 2.9% reported in 2017Q2 SEC filing. Keybank National Association sold 4,871 shares as Mccormick & Co Inc (MKC)’s stock rose 3.48%. The Keybank National Association holds 163,221 shares with $15.92 million value, down from 168,092 last quarter. Mccormick & Co Inc now has $12.70 billion valuation. The stock rose 0.01% or $0.01 reaching $96.96. About shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since November 14, 2016 and is uptrending. It has underperformed by 11.58% the S&P500.

Keybank National Association increased Vanguard Admiral Fds Inc (VOOG) stake by 3,572 shares to 6,825 valued at $838,000 in 2017Q2. It also upped Ameriprise Finl Inc (NYSE:AMP) stake by 29,176 shares and now owns 75,508 shares. Tyson Foods Inc (NYSE:TSN) was raised too.

Investors sentiment decreased to 0.86 in Q2 2017. Its down 0.19, from 1.05 in 2017Q1. It is negative, as 27 investors sold MKC shares while 223 reduced holdings. 55 funds opened positions while 159 raised stakes. 88.80 million shares or 1.50% less from 90.15 million shares in 2017Q1 were reported. 172,880 were reported by Crestwood Advsrs Ltd Liability. Allsquare Wealth Mngmt Limited Liability Co has 100 shares. Daiwa Securities Group holds 3,350 shares or 0% of its portfolio. Toth Financial Advisory Corp reported 21,264 shares or 0.54% of all its holdings. Ontario Teachers Pension Plan Board holds 73,217 shares. Crestpoint Cap Limited Liability Co reported 0.31% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Cibc World Mkts Corp owns 21,002 shares. State Farm Mutual Automobile Ins holds 9.44 million shares. Gofen Glossberg Limited Liability Il reported 0.58% in McCormick & Company, Incorporated (NYSE:MKC). Pinnacle Associate Ltd has invested 0.03% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Gulf Intl Comml Bank (Uk) accumulated 35,627 shares. Tarbox Family Office stated it has 36 shares. 424,353 were accumulated by Credit Suisse Ag. Peak6 LP accumulated 47,117 shares. Ftb Advsrs accumulated 1,600 shares or 0.02% of the stock.

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on January, 24. They expect $1.52 earnings per share, up 19.69% or $0.25 from last year’s $1.27 per share. MKC’s profit will be $199.09 million for 15.95 P/E if the $1.52 EPS becomes a reality. After $1.12 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts 35.71% EPS growth.

Among 12 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. McCormick & Company had 38 analyst reports since August 20, 2015 according to SRatingsIntel. The company was upgraded on Monday, August 24 by Zacks. As per Friday, September 16, the company rating was downgraded by Bernstein. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Hold” rating by Jefferies on Thursday, June 22. The company was maintained on Monday, September 18 by Credit Suisse. Deutsche Bank maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Friday, June 24. Deutsche Bank has “Hold” rating and $110 target. The company was maintained on Friday, September 29 by Stifel Nicolaus. The rating was initiated by Goldman Sachs on Friday, June 16 with “Neutral”. As per Wednesday, February 15, the company rating was initiated by Deutsche Bank. The rating was maintained by Citigroup with “Neutral” on Monday, October 2. The firm has “Buy” rating given on Tuesday, December 6 by Bank of America.

It closed at $15.7 lastly. It is down 13.72% since November 14, 2016 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 earnings per share, down 20.00% or $0.04 from last year’s $0.2 per share. EGOV’s profit will be $10.60 million for 24.53 P/E if the $0.16 EPS becomes a reality. After $0.21 actual earnings per share reported by NIC Inc. for the previous quarter, Wall Street now forecasts -23.81% negative EPS growth.

Conestoga Capital Advisors Llc holds 1.68% of its portfolio in NIC Inc. for 1.70 million shares. Brown Capital Management Llc owns 7.19 million shares or 1.67% of their US portfolio. Moreover, Copeland Capital Management Llc has 0.69% invested in the company for 554,804 shares. The Missouri-based Financial Counselors Inc has invested 0.65% in the stock. Secor Capital Advisors Lp, a New York-based fund reported 351,113 shares.

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