NASDAQ:EGOV - NIC Stock Price, News, & Analysis

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$13.32 -0.14 (-1.04 %)
(As of 11/18/2018 06:01 AM ET)
Previous Close$13.32
Today's Range$13.2950 - $13.78
52-Week Range$12.65 - $18.90
Volume708,891 shs
Average Volume486,447 shs
Market Capitalization$886.70 million
P/E Ratio14.97
Dividend Yield2.40%
Beta0.71
NIC Inc., together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf. Its portals consist of Websites and applications that enable businesses and citizens to access government information online and secure transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. The company's portal service offerings include motor vehicle driver history record retrieval; vehicle title, lien, and registration; motor vehicle inspections; temporary vehicle tags; driver's license renewal; hunting and fishing licenses; health professional license services; professional license renewal; business registrations and renewals; secretary of state business searches; Uniform Commercial Code (UCC) searches and filings; limited criminal history searches; court services; vital records; income and property tax payments; and payment processing products and services. Its software & services business provides software development and payment processing services to state and local governments, as well as federal agencies. In addition, the company develops and manages the pre-employment screening program for motor carriers using transaction-based business model. Further, it offers consulting, application development, and portal management services to governments. NIC Inc. was founded in 1991 and is based in Olathe, Kansas.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Management consulting services
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:EGOV
Previous Symbol
CUSIP62914B10
Phone877-234-3468

Debt

Debt-to-Equity RatioN/A
Current Ratio2.85
Quick Ratio2.85

Price-To-Earnings

Trailing P/E Ratio14.97
Forward P/E Ratio15.67
P/E Growth1.57

Sales & Book Value

Annual Sales$336.51 million
Price / Sales2.64
Cash Flow$0.8880 per share
Price / Cash15.00
Book Value$3.09 per share
Price / Book4.31

Profitability

EPS (Most Recent Fiscal Year)$0.77
Net Income$51.61 million
Net Margins16.94%
Return on Equity32.21%
Return on Assets20.19%

Miscellaneous

Employees950
Outstanding Shares66,570,000
Market Cap$886.70 million
OptionableOptionable

NIC (NASDAQ:EGOV) Frequently Asked Questions

What is NIC's stock symbol?

NIC trades on the NASDAQ under the ticker symbol "EGOV."

How often does NIC pay dividends? What is the dividend yield for NIC?

NIC declared a quarterly dividend on Monday, November 5th. Shareholders of record on Tuesday, December 4th will be paid a dividend of $0.08 per share on Tuesday, December 18th. This represents a $0.32 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, December 3rd. View NIC's Dividend History.

How will NIC's stock buyback program work?

NIC declared that its Board of Directors has authorized a share buyback plan on Friday, March 9th 2018, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) released its quarterly earnings results on Thursday, November, 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. The software maker earned $87.03 million during the quarter, compared to analyst estimates of $83.06 million. NIC had a net margin of 16.94% and a return on equity of 32.21%. NIC's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. View NIC's Earnings History.

When is NIC's next earnings date?

NIC is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for NIC.

What price target have analysts set for EGOV?

3 brokerages have issued 1 year target prices for NIC's stock. Their forecasts range from $15.00 to $18.00. On average, they expect NIC's share price to reach $16.50 in the next year. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for NIC.

What is the consensus analysts' recommendation for NIC?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIC in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NIC.

What are Wall Street analysts saying about NIC stock?

Here are some recent quotes from research analysts about NIC stock:
  • 1. According to Zacks Investment Research, "NIC Inc. provides digital government services that enable governments to use technology to provide various services to businesses. Its Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that enable businesses and citizens to access government information online and complete transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. Its portal service offerings include motor vehicle driver history record retrieval; hunting/ fishing licenses; health professional license services; professional license renewal; business registrations and renewals; secretary of state business searches; Uniform Commercial Code searches and filings; limited criminal history searches; court services; vital records; income and property tax payments; and payment processing products and services. " (11/7/2018)
  • 2. Barrington Research analysts commented, "We are increasing our 2019 EPS estimate to $0.72 from $0.69 reflecting the commencement of the Recreation.Gov contract in October of this year. We have a MARKET PERFORM investment rating on the shares." (8/6/2018)

Has NIC been receiving favorable news coverage?

Media coverage about EGOV stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NIC earned a daily sentiment score of 1.1 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of NIC's key competitors?

Who are NIC's key executives?

NIC's management team includes the folowing people:
  • Mr. Harry H. Herington, Chairman & CEO (Age 58)
  • Mr. Stephen M. Kovzan, Chief Financial Officer (Age 49)
  • Mr. Robert W. Knapp Jr., Chief Operating Officer (Age 49)
  • Mr. William A. Van Asselt, Gen. Counsel & Sec. (Age 43)
  • Ms. Jayne Friedland Holland, Chief Security Officer (Age 54)

Who are NIC's major shareholders?

NIC's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.36%), FMR LLC (3.63%), Dimensional Fund Advisors LP (3.31%), Bank of New York Mellon Corp (3.04%), Conestoga Capital Advisors LLC (3.02%) and BTIM Corp. (1.79%). Company insiders that own NIC stock include Alexander C Kemper, Robert W Knapp and Ross C Hartley. View Institutional Ownership Trends for NIC.

Which major investors are selling NIC stock?

EGOV stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Man Group plc, BTIM Corp., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Freestone Capital Holdings LLC. View Insider Buying and Selling for NIC.

Which major investors are buying NIC stock?

EGOV stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Conestoga Capital Advisors LLC, Bessemer Group Inc., Acadian Asset Management LLC, Nordea Investment Management AB, AQR Capital Management LLC, Martingale Asset Management L P and Kaizen Advisory LLC. View Insider Buying and Selling for NIC.

How do I buy shares of NIC?

Shares of EGOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is NIC's stock price today?

One share of EGOV stock can currently be purchased for approximately $13.32.

How big of a company is NIC?

NIC has a market capitalization of $886.70 million and generates $336.51 million in revenue each year. The software maker earns $51.61 million in net income (profit) each year or $0.77 on an earnings per share basis. NIC employs 950 workers across the globe.

What is NIC's official website?

The official website for NIC is http://www.egov.com.

How can I contact NIC?

NIC's mailing address is 25501 West Valley Parkway Suite 300, Olathe KS, 66061. The software maker can be reached via phone at 877-234-3468 or via email at [email protected]


MarketBeat Community Rating for NIC (NASDAQ EGOV)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  281 (Vote Outperform)
Underperform Votes:  371 (Vote Underperform)
Total Votes:  652
MarketBeat's community ratings are surveys of what our community members think about NIC and other stocks. Vote "Outperform" if you believe EGOV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EGOV will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2018 by MarketBeat.com Staff

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