CFO of $NIC buys 240 shares in insider purchase

The Chief Financial Officer (CFO) of a company known as $NIC recently engaged in insider trading activity by purchasing 240 shares on October 30, 2025, spending an estimated $27,801. This transaction, as reported by Quiver Quantitative through SEC filings, resulted in an increase of their holdings by approximately 0.7%, bringing their total ownership to 32,947 shares of $NIC stock.

Over the past six months, $NIC insiders have engaged in trading activities on the open market a total of 10 times. Out of these transactions, only one was a purchase, while the remaining nine were sales. Notable transactions within this period include Robert Bruce Atwell, who conducted six sales amounting to 13,238 shares valued at approximately $1,728,614, and Eric James Witczak, the Executive Vice President and Secretary, who made three sales totaling 8,152 shares with an estimated worth of $1,134,047. The recent purchase by the CFO, Hubert Phillip Jr Moore, marks the only acquisition within the insider trading activities.

In terms of hedge fund activity related to $NIC stock, 75 institutional investors opted to increase their positions, while 73 chose to decrease their holdings in the latest quarter. Significant movements include Fidelity Management & Research (FMR) LLC removing 217,467 shares (representing a 44.6% decrease) from their portfolio, amounting to an estimated $26,852,825. Conversely, First Trust Advisors LP added 174,361 shares (a 50.6% increase) to their holdings valued at around $21,530,096. American Century Companies Inc. also increased their position by acquiring 152,817 shares, equivalent to a 485.7% rise in their portfolio, valued at approximately $18,869,843.

Analysts on Wall Street recently issued reports on $NIC, with one firm offering a buy rating on the stock. Maxim Group, for instance, issued a “Buy” rating on July 17, 2025. Additionally, multiple analysts have provided price targets for $NIC, with three analysts setting a median target of $140.0 over the last six months. Michael Diana from Maxim Group set a target price of $161.0, Damon Delmonte from Keefe, Bruyette & Woods established a target price of $135.0, while Nathan Race from Piper Sandler predicted a target price of $140.0 on July 16, 2025. It is important to note that this article does not provide financial advice and readers are encouraged to consult Quiver Quantitative’s disclaimers for more information.