Maxim analyst Brian Kinstlinger lowered his price target on NIC Inc. to $16 from $21 after Texas released its Request for Offer solicitation for Texas.gov, where NIC is the incumbent provider. The language of the RFO document is a negative for NIC, said Kinstlinger, who believes the state plans to take control of financial management and notes it is splitting the payment processing contract from software and services. He is not adjusting estimates, noting the current deal ends in August 2018 and may need to extended, but he thinks this overhang will put pressure on the stock, on which he keeps a Hold rating.