Raytheon Co (RTN) Shareholder Verity & Verity Has Lowered Holding; Nic (EGOV) Holding Has Boosted by U S Global Investors Inc

February 22, 2018 - By Stephen Andrade

U S Global Investors Inc increased its stake in Nic Inc (EGOV) by 96.34% based on its latest 2017Q3 regulatory filing with the SEC. U S Global Investors Inc bought 24,000 shares as the company’s stock declined 6.42% while stock markets rallied. The institutional investor held 48,911 shares of the business services company at the end of 2017Q3, valued at $839,000, up from 24,911 at the end of the previous reported quarter. U S Global Investors Inc who had been investing in Nic Inc for a number of months, seems to be bullish on the $914.54M market cap company. The stock increased 0.36% or $0.05 during the last trading session, reaching $13.8. About 149,588 shares traded. NIC Inc. (NASDAQ:EGOV) has risen 13.72% since February 22, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Verity & Verity Llc decreased its stake in Raytheon Co (RTN) by 5.49% based on its latest 2017Q3 regulatory filing with the SEC. Verity & Verity Llc sold 1,992 shares as the company’s stock rose 4.85% with the market. The institutional investor held 34,296 shares of the industrial machinery and components company at the end of 2017Q3, valued at $6.40 million, down from 36,288 at the end of the previous reported quarter. Verity & Verity Llc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $62.22B market cap company. The stock decreased 0.07% or $0.1557 during the last trading session, reaching $215.6443. About 576,350 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since February 22, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

U S Global Investors Inc, which manages about $845.00 million and $272.08M US Long portfolio, decreased its stake in Freeport (NYSE:FCX) by 1,340 shares to 700 shares, valued at $983,000 in 2017Q3, according to the filing. It also reduced its holding in Bhp Billiton Ltd (Call) (NYSE:BHP) by 2,420 shares in the quarter, leaving it with 910 shares, and cut its stake in Supernus Pharmaceuticals Inc (NASDAQ:SUPN).

Among 8 analysts covering NIC (NASDAQ:EGOV), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. NIC had 17 analyst reports since August 11, 2015 according to SRatingsIntel. Imperial Capital upgraded it to “Buy” rating and $2300 target in Monday, July 17 report. Imperial Capital maintained it with “In-Line” rating and $23 target in Friday, November 18 report. The company was downgraded on Friday, July 21 by Sidoti. Sidoti downgraded the stock to “Neutral” rating in Monday, December 19 report. The rating was maintained by Maxim Group with “Hold” on Friday, August 5. The firm has “In-Line” rating by Imperial Capital given on Wednesday, November 18. The firm earned “Hold” rating on Thursday, February 1 by Stephens. The stock of NIC Inc. (NASDAQ:EGOV) earned “Sell” rating by Zacks on Monday, August 24. Loop Capital initiated NIC Inc. (NASDAQ:EGOV) rating on Wednesday, February 15. Loop Capital has “Hold” rating and $22 target. The company was downgraded on Tuesday, August 11 by Imperial Capital.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.24, from 1.65 in 2017Q2. It worsened, as 25 investors sold EGOV 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. Century reported 0% in NIC Inc. (NASDAQ:EGOV). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,141 shares. Loomis Sayles Limited Partnership reported 1,187 shares or 0% of all its holdings. The North Carolina-based Bb&T has invested 0% in NIC Inc. (NASDAQ:EGOV). Schroder Inv Management Grp Inc holds 0% or 95,264 shares in its portfolio. Rockefeller Financial Incorporated holds 615,212 shares or 0.2% of its portfolio. Jpmorgan Chase Co, New York-based fund reported 345,905 shares. Great West Life Assurance Can has invested 0% of its portfolio in NIC Inc. (NASDAQ:EGOV). Cwm Ltd Limited Liability Company stated it has 0% of its portfolio in NIC Inc. (NASDAQ:EGOV). 204,576 are held by Qs Invsts Ltd Co. Aqr Mngmt Ltd Com owns 190,858 shares. State Street holds 0% in NIC Inc. (NASDAQ:EGOV) or 1.58 million shares. Credit Suisse Ag reported 96,080 shares. Zebra Ltd Liability Co stated it has 0.23% of its portfolio in NIC Inc. (NASDAQ:EGOV). Fifth Third Bank has 0% invested in NIC Inc. (NASDAQ:EGOV) for 20,600 shares.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26. They expect $2.08 EPS, up 20.23% or $0.35 from last year’s $1.73 per share. RTN’s profit will be $600.10M for 25.92 P/E if the $2.08 EPS becomes a reality. After $2.03 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 2.46% EPS growth.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 27. As per Friday, July 29, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets upgraded Raytheon Company (NYSE:RTN) on Thursday, September 17 to “Top Pick” rating. Robert W. Baird maintained it with “Buy” rating and $21200 target in Thursday, August 10 report. The stock of Raytheon Company (NYSE:RTN) has “Hold” rating given on Tuesday, December 12 by J.P. Morgan. The company was maintained on Monday, January 29 by Bernstein. The stock of Raytheon Company (NYSE:RTN) has “Overweight” rating given on Monday, October 30 by JP Morgan. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, September 2. The firm has “Buy” rating by Deutsche Bank given on Friday, September 29. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, November 28 by Wells Fargo.

Verity & Verity Llc, which manages about $217.83 million and $342.96M US Long portfolio, upped its stake in Alps Etf Tr (AMLP) by 36,580 shares to 324,547 shares, valued at $3.64 million in 2017Q3, according to the filing. It also increased its holding in Chevron Corp New (NYSE:CVX) by 2,881 shares in the quarter, for a total of 85,390 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Since August 31, 2017, it had 0 insider buys, and 11 insider sales for $22.12 million activity. Jimenez Frank R also sold $718,217 worth of Raytheon Company (NYSE:RTN) on Monday, January 29. Shares for $2.80M were sold by Lawrence Taylor W on Tuesday, February 13. Shares for $9.67M were sold by Kennedy Thomas A on Tuesday, February 13. Shares for $120,790 were sold by Long Letitia A on Tuesday, January 2. WAJSGRAS DAVID C also sold $2.77 million worth of Raytheon Company (NYSE:RTN) shares. $1.84 million worth of Raytheon Company (NYSE:RTN) was sold by Newsome Randa G on Tuesday, February 13.

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