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.
Industry, Sector and Symbol
Industry Management consulting services
Sub-IndustryInternet Software & Services
SectorComputer and Technology
SymbolNASDAQ:EGOV
CUSIP62914B10
Phone877-234-3468
Debt
Debt-to-Equity RatioN/A
Current Ratio2.33%
Quick Ratio2.33%
Price-To-Earnings
Trailing P/E Ratio18.77
Forward P/E Ratio18.88
P/E Growth1.89
Sales & Book Value
Annual Sales$336.51 million
Price / Sales2.86
Cash Flow$0.8814 per share
Price / Cash16.28
Book Value$2.54 per share
Price / Book5.65
Profitability
EPS (Most Recent Fiscal Year)$0.77
Net Income$51.61 million
Net Margins15.34%
Return on Equity33.25%
Return on Assets19.91%
Miscellaneous
Employees950
Outstanding Shares67,120,000
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 announced a quarterly dividend on Thursday, February 1st. Stockholders of record on Tuesday, March 6th will be paid a dividend of $0.08 per share on Tuesday, March 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, March 5th. View NIC's Dividend History.
How will NIC's stock buyback program work?
NIC announced that its Board of Directors has approved a stock repurchase plan on Friday, March 9th 2018, which allows the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually 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 Wednesday, January, 31st. The software maker reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.16. The software maker earned $83.47 million during the quarter, compared to analysts' expectations of $81.01 million. NIC had a net margin of 15.34% and a return on equity of 33.25%. NIC's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. View NIC's Earnings History.
When is NIC's next earnings date?
What price target have analysts set for EGOV?
6 analysts have issued 12 month price objectives for NIC's shares. Their predictions range from $14.00 to $23.00. On average, they anticipate NIC's share price to reach $18.00 in the next twelve months. 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. " (3/13/2018)
- 2. Barrington Research analysts commented, "We expect share gains in 2018 as solid growth in the financial services, technology and retail verticals more than offset continued weakness in communications. The weakness in communications is due to several factors, including a maturing end market, greater use of mobile self‐help apps and less pricing changes to mobile plans. Further, the differentiation and value provided by Clearlink (CL) should help Sykes add new brands. Importantly, Sykes can cross‐sell its contact center services to (new and existing) CL clients." (3/9/2018)
Who are some of NIC's key competitors?
Some companies that are related to NIC include RMR Group (RMR), Exponent (EXPO), FTI Consulting (FCN), ICF (ICFI), Navigant Consulting (NCI), Huron Consulting Group (HURN), China Internet Nationwide (CIFS), The Hackett Group (HCKT), BlackRock Capital Investment (BKCC), Information Services Group (III), Avalon Globocare (AVCO), Wilhelmina Models (WHLM), Thorium Power (LTBR), Pharma-Bio Serv (PBSV) and DigiPath (DIGP).
Who are NIC's key executives?
NIC's management team includes the folowing people:
- Mr. Harry H. Herington, Chairman & CEO (Age 58)
- Mr. Ross C. Hartley, Co-Founder & Director (Age 70)
- 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)
Has NIC been receiving favorable news coverage?
News articles about EGOV stock have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NIC earned a news impact score of 0.14 on Accern's scale. They also assigned press coverage about the software maker an impact score of 45.21 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 $14.35.
How big of a company is NIC?
NIC has a market capitalization of $969.89 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.
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 (EGOV)
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.
NIC (NASDAQ:EGOV) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for NIC in the last 12 months. Their average twelve-month price target is $18.00, suggesting that the stock has a possible upside of 25.44%. The high price target for EGOV is $23.00 and the low price target for EGOV is $14.00. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.17 | 2.17 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $18.00 | $18.00 | $19.3333 | $19.3333 |
| Price Target Upside: | 25.44% upside | 26.32% upside | 13.73% upside | 14.74% upside |
NIC (NASDAQ:EGOV) Consensus Price Target History
NIC (NASDAQ:EGOV) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
NIC (NASDAQ:EGOV) Dividend Information
NIC pays an annual dividend of $0.32 per share, with a dividend yield of 2.23%. EGOV's most recent quarterly dividend payment was Tuesday, March 20. NIC pays out 41.56% of its earnings out as a dividend.
| Most Recent Dividend: | 3/20/2018 |
| Annual Dividend: | $0.32 |
| Dividend Yield: | 2.23% |
| Payout Ratio: | 41.56% (Trailing 12 Months of Earnings)
42.11% (Based on This Year's Estimates)
43.24% (Based on Next Year's Estimates)
|
NIC (NASDAQ:EGOV) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/1/2018 | quarterly | $0.08 | 2.41% | 3/5/2018 | 3/6/2018 | 3/20/2018 |
| 11/2/2017 | quarterly | $0.08 | 1.93% | 12/4/2017 | 12/5/2017 | 12/19/2017 |
| 8/3/2017 | quarterly | $0.08 | 1.98% | 9/1/2017 | 9/6/2017 | 9/20/2017 |
| 5/4/2017 | quarterly | $0.08 | 1.53% | 6/2/2017 | 6/6/2017 | 6/20/2017 |
| 2/2/2017 | quarterly | $0.08 | 1.46% | 3/3/2017 | 3/7/2017 | 3/21/2017 |
| 11/4/2016 | special | $0.65 | | 11/14/2016 | 11/16/2016 | 12/9/2016 |
| 11/5/2015 | special | $0.55 | | 11/10/2015 | 11/13/2015 | 1/4/2016 |
| 10/28/2014 | special | $0.50 | | 11/5/2014 | 11/7/2014 | 11/20/2014 |
| 10/29/2013 | special | $0.35 | | 11/6/2013 | 11/8/2013 | 1/2/2014 |
(Data available from 1/1/2013 forward)
NIC (NASDAQ EGOV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 98.02%
NIC (NASDAQ EGOV) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/22/2017 | Robert W Knapp | COO | Sell | 25,000 | $20.38 | $509,500.00 | 197,531 |  |
| 3/22/2017 | Alexander C Kemper | Director | Sell | 7,000 | $20.85 | $145,950.00 | 32,232 | |
| 1/9/2017 | Ross C Hartley | Director | Sell | 69,800 | $24.21 | $1,689,858.00 | 71,506 | |
| 1/5/2017 | Ross C Hartley | Director | Sell | 85,174 | $24.41 | $2,079,097.34 | 71,506 | |
| 1/4/2017 | Ross C Hartley | Director | Sell | 95,026 | $24.13 | $2,292,977.38 | 71,506 | |
| 12/12/2016 | Ross C Hartley | Director | Sell | 240,458 | $25.19 | $6,057,137.02 | 71,506 | |
| 8/11/2016 | Jayne Holland | Insider | Sell | 2,000 | $23.35 | $46,700.00 | 94,283 | |
| 2/9/2016 | William M Lyons | Director | Buy | 2,000 | $16.65 | $33,300.00 | 50,053 | |
| 12/4/2015 | Harry Herington | CEO | Sell | 30,224 | $20.58 | $622,009.92 | 856,769 | |
| 12/1/2015 | Harry Herington | CEO | Sell | 65,883 | $20.51 | $1,351,260.33 | 886,993 | |
| 11/27/2015 | Harry Herington | CEO | Sell | 34,243 | $20.29 | $694,790.47 | 952,876 | |
| 11/24/2015 | Harry Herington | CEO | Sell | 73,865 | $19.98 | $1,475,822.70 | 987,119 | |
| 11/19/2015 | Harry Herington | CEO | Sell | 46,310 | $19.77 | $915,548.70 | 1,060,984 | |
| 11/17/2015 | Harry Herington | CEO | Sell | 49,475 | $19.65 | $972,183.75 | 1,107,294 | |
| 11/11/2015 | Robert W Knapp | COO | Sell | 20,000 | $20.00 | $400,000.00 | 164,135 | |
| 8/28/2015 | Peter B Wilson | Director | Sell | 33,040 | $18.74 | $619,169.60 | 66,732 | |
| 8/24/2015 | William F. Bradley, Jr. | CAO | Sell | 40,000 | $18.67 | $746,800.00 | 735,483 | |
| 8/20/2015 | William F. Bradley, Jr. | CAO | Sell | 40,000 | $19.22 | $768,800.00 | 775,483 | |
| 8/18/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $19.75 | $790,000.00 | | |
| 8/14/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $19.93 | $797,200.00 | | |
| 3/13/2015 | William F Bradley Jr | CAO | Sell | 8,450 | $17.10 | $144,495.00 | | |
| 3/12/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.17 | $686,800.00 | | |
| 3/9/2015 | William F Bradley Jr | CAO | Sell | 31,550 | $17.52 | $552,756.00 | | |
| 3/5/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.58 | $703,200.00 | | |
| 3/3/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.60 | $704,000.00 | | |
| 2/27/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.75 | $710,000.00 | | |
| 12/26/2014 | Aimi Daughtery | CAO | Sell | 20,000 | $18.75 | $375,000.00 | | |
| 12/18/2014 | Alexander C Kemper | Director | Sell | 11,000 | $18.00 | $198,000.00 | | |
| 8/15/2014 | Stephen M Kovzan | CFO | Sell | 75,000 | $18.87 | $1,415,250.00 | | |
| 8/12/2014 | Robert W Knapp | COO | Sell | 15,000 | $18.79 | $281,850.00 | | |
| 11/8/2013 | William Bradley, Jr. | CAO | Sell | 46,250 | $22.77 | $1,053,112.50 | 1,197,517 | |
| 11/6/2013 | William Bradley, Jr. | CAO | Sell | 17,500 | $23.10 | $404,250.00 | 1,243,767 | |
| 8/12/2013 | Ross Hartley | Director | Sell | 55,145 | $22.88 | $1,261,717.60 | 56,375 | |
| 8/9/2013 | Ron Thornburgh | SVP | Sell | 2,500 | $22.91 | $57,275.00 | 21,671 | |
| 8/9/2013 | Ross Hartley | Director | Sell | 286,097 | $22.91 | $6,554,482.27 | 56,375 | |
| 8/7/2013 | Ross Hartley | Director | Sell | 158,758 | $23.02 | $3,654,609.16 | 56,375 | |
| 6/14/2013 | Robert W Knapp | COO | Sell | 6,000 | $16.13 | $96,780.00 | | |
(Data available from 1/1/2013 forward)
NIC (NASDAQ EGOV) News Headlines
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NIC (NASDAQ:EGOV) SEC Filings
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NIC (NASDAQ:EGOV) Income Statement, Balance Sheet and Cash Flow Statement
NIC (NASDAQ EGOV) Stock Chart for Wednesday, April, 25, 2018
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