NIC Company Profile (NASDAQ:EGOV)


NIC logoNIC Inc. is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses. In the primary outsourced portal businesses, the Company enters into contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. Its software and services businesses include its subsidiaries that provide software development and payment processing services, other than outsourced portal services, to state and local governments, as well as federal agencies. The Company's outsourced portal businesses include interactive government services (IGS), driver history records (DHR), Portal software development and services, and Portal management.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Internet Services - NEC
  • Sub-Industry: Internet Software & Services
  • Symbol: NASDAQ:EGOV
  • CUSIP: 62914B10
  • Web:
  • Market Cap: $1.19524 billion
  • Outstanding Shares: 66,218,000
Average Prices:
  • 50 Day Moving Avg: $19.42
  • 200 Day Moving Avg: $21.17
  • 52 Week Range: $15.85 - $25.90
  • Trailing P/E Ratio: 19.12
  • Foreward P/E Ratio: 20.70
  • P/E Growth: 0.99
Sales & Book Value:
  • Annual Revenue: $322.7 million
  • Price / Sales: 3.36
  • Book Value: $2.16 per share
  • Price / Book: 7.57
  • Annual Dividend: $0.32
  • Dividend Yield: 1.8%
  • EBIDTA: $84.01 million
  • Net Margins: 17.64%
  • Return on Equity: 39.07%
  • Return on Assets: 23.37%
  • Current Ratio: 2.54%
  • Quick Ratio: 2.54%
  • Average Volume: 422,644 shs.
  • Beta: 0.45
  • Short Ratio: 14.91
Frequently Asked Questions for NIC (NASDAQ:EGOV)

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 Thursday, May 4th. Shareholders of record on Tuesday, June 6th will be given a dividend of $0.08 per share on Tuesday, June 20th. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, June 2nd. View NIC's Dividend History.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) issued its earnings results on Monday, May, 1st. The company reported $0.21 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.03. The firm earned $83.20 million during the quarter, compared to analyst estimates of $81.99 million. NIC had a net margin of 17.64% and a return on equity of 39.07%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. View NIC's Earnings History.

When will NIC make its next earnings announcement?

NIC is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for NIC.

Where is NIC's stock going? Where will NIC's stock price be in 2017?

7 analysts have issued 12-month target prices for NIC's stock. Their predictions range from $16.00 to $28.00. On average, they anticipate NIC's share price to reach $21.17 in the next year. View Analyst Ratings for NIC.

What are analysts saying about NIC stock?

Here are some recent quotes from research analysts about NIC stock:

  • 1. Maxim Group analysts commented, "Texas has released its Request for Offer (RFO) for, where EGOV is the vendor and this contract generated 20% of 2016 revenue or about $63 million." (7/21/2017)
  • 2. According to Zacks Investment Research, "NIC Inc. is a provider of Internet-based, electronic government services that help governments use the Internet to reduce costs and provide a higher level of service to businesses and citizens. They accomplish this currently through three different business segments: state and local portal businesses, government procurement business and eGovernment products businesses. " (7/18/2017)

Who are some of NIC's key competitors?

Who are NIC's key executives?

NIC's management team includes the folowing people:

  • Harry H. Herington, Chairman of the Board, Chief Executive Officer
  • Stephen M. Kovzan, Chief Financial Officer
  • Robert W. Knapp Jr., Chief Operating Officer
  • William A. Van Asselt, General Counsel
  • Jayne Friedland Holland J.D., Chief Security Officer
  • Art N. Burtscher, Lead Independent Director
  • Venmal Arasu, Independent Director
  • Karen S. Evans, Independent Director
  • Ross C. Hartley, Independent Director
  • C. Brad Henry J.D., Independent Director

Who owns NIC stock?

NIC's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (2.57%), BTIM Corp. (1.68%), Rockefeller Financial Services Inc. (0.93%), Copeland Capital Management LLC (0.84%), Legato Capital Management LLC (0.10%) and Adams Diversified Equity Fund Inc. (0.05%). Company insiders that own NIC stock include Alexander C Kemper, Harry Herington, Jayne Holland, Peter B Wilson, Robert W Knapp, Ross C Hartley, William F Bradley Jr, William F Bradley, Jr and William M Lyons. View Institutional Ownership Trends for NIC.

Who sold NIC stock? Who is selling NIC stock?

NIC's stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Adams Diversified Equity Fund Inc., Capstone Asset Management Co., Thomson Horstmann & Bryant Inc., Aperio Group LLC, OLD National Bancorp IN and BB&T Corp. Company insiders that have sold NIC stock in the last year include Alexander C Kemper, Jayne Holland, Robert W Knapp and Ross C Hartley. View Insider Buying and Selling for NIC.

Who bought NIC stock? Who is buying NIC stock?

NIC's stock was acquired by a variety of institutional investors in the last quarter, including BTIM Corp., Legato Capital Management LLC, Conestoga Capital Advisors LLC, Copeland Capital Management LLC, Rockefeller Financial Services Inc., State of Alaska Department of Revenue, US Bancorp DE and NN Investment Partners Holdings N.V.. View Insider Buying and Selling for NIC.

How do I buy NIC stock?

Shares of NIC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is NIC's stock price today?

One share of NIC stock can currently be purchased for approximately $16.35.

MarketBeat Community Rating for NIC (NASDAQ EGOV)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  107 (Vote Outperform)
Underperform Votes:  189 (Vote Underperform)
Total Votes:  296
MarketBeat's community ratings are surveys of what our community members think about NIC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for NIC (NASDAQ:EGOV) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $21.17 (29.46% upside)

Analysts' Ratings History for NIC (NASDAQ:EGOV)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/21/2017SidotiDowngradeBuy -> NeutralMediumView Rating Details
7/21/2017Maxim GroupLower Price TargetHold$21.00 -> $16.00HighView Rating Details
7/17/2017Imperial CapitalUpgradeIn-Line -> Outperform$23.00HighView Rating Details
6/28/2017DA DavidsonInitiated CoverageNeutral -> Neutral$20.00LowView Rating Details
2/14/2017Loop CapitalInitiated CoverageHold$22.00N/AView Rating Details
2/2/2017Avondale PartnersDowngradeMarket Perform -> Underperform$18.00N/AView Rating Details
1/3/2017Barrington ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
8/17/2015StephensDowngradeOverweight -> Equal Weight$21.00N/AView Rating Details
(Data available from 7/22/2015 forward)


Earnings History for NIC (NASDAQ:EGOV)
Earnings by Quarter for NIC (NASDAQ:EGOV)
Earnings History by Quarter for NIC (NASDAQ EGOV)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017Q1 2017$0.18$0.21$81.99 million$83.20 millionViewListenView Earnings Details
2/1/2017Q416$0.15$0.20$76.41 million$78.30 millionViewListenView Earnings Details
11/3/2016Q316$0.18$0.24$80.04 million$80.37 millionViewN/AView Earnings Details
8/4/2016Q216$0.18$0.20$80.90 million$80.81 millionViewN/AView Earnings Details
5/2/2016Q116$0.15$0.19$74.89 million$78.39 millionViewN/AView Earnings Details
2/4/2016Q415$0.14$0.13$71.75 million$71.16 millionViewN/AView Earnings Details
11/5/2015Q315$0.17$0.19$74.76 million$75.05 millionViewN/AView Earnings Details
8/6/2015Q215$0.16$0.17$76.18 million$75.80 millionViewN/AView Earnings Details
5/4/2015Q115$0.15$0.14$70.70 million$70.40 millionViewN/AView Earnings Details
2/5/2015Q414$0.13$0.12$66.70 million$66.00 millionViewN/AView Earnings Details
11/6/2014Q314$0.15$0.16$67.70 million$69.40 millionViewN/AView Earnings Details
8/7/2014Q214$0.15$0.17$68.62 million$71.20 millionViewN/AView Earnings Details
5/5/2014Q114$0.14$0.14$66.08 million$65.40 millionViewN/AView Earnings Details
2/6/2014Q413$0.12$0.11$62.67 million$60.80 millionViewN/AView Earnings Details
11/7/2013Q313$0.11$0.08$61.45 million$61.30 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.11$0.16$60.55 million$65.90 millionViewN/AView Earnings Details
5/6/2013Q1 2013$0.11$0.15$57.68 million$61.20 millionViewN/AView Earnings Details
2/7/2013Q4 2012$0.10$0.13$52.86 million$57.20 millionViewN/AView Earnings Details
11/8/2012Q312$0.10$0.09$53.72 million$53.20 millionViewN/AView Earnings Details
8/2/2012$0.09$0.09ViewN/AView Earnings Details
4/30/2012$0.09$0.09ViewN/AView Earnings Details
2/2/2012$0.09$0.08ViewN/AView Earnings Details
11/3/2011$0.09$0.11ViewN/AView Earnings Details
8/2/2011$0.08$0.09ViewN/AView Earnings Details
5/2/2011$0.07$0.08ViewN/AView Earnings Details
2/3/2011$0.06$0.08ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for NIC (NASDAQ:EGOV)
2017 EPS Consensus Estimate: $0.71
2018 EPS Consensus Estimate: $0.80
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.19$0.19$0.19
Q2 20173$0.18$0.19$0.18
Q3 20173$0.18$0.19$0.19
Q4 20173$0.14$0.15$0.15
Q1 20183$0.21$0.22$0.21
Q2 20183$0.20$0.22$0.21
Q3 20183$0.20$0.21$0.21
Q4 20183$0.16$0.17$0.17
(Data provided by Zacks Investment Research)


Current Dividend Information for NIC (NASDAQ:EGOV)
Most Recent Dividend:6/20/2017
Annual Dividend:$0.32
Dividend Yield:1.96%
Payout Ratio:37.65% (Trailing 12 Months of Earnings)
43.84% (Based on This Year's Estimates)
40.51% (Based on Next Year's Estimates)
Dividend Payments by Quarter for NIC (NASDAQ:EGOV)

Dividend History by Quarter for NIC (NASDAQ EGOV)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for NIC (NASDAQ:EGOV)
Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 92.19%
Insider Trades by Quarter for NIC (NASDAQ:EGOV)
Institutional Ownership by Quarter for NIC (NASDAQ:EGOV)
Insider Trades by Quarter for NIC (NASDAQ:EGOV)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017Robert W KnappCOOSell25,000$20.38$509,500.00View SEC Filing  
3/22/2017Alexander C KemperDirectorSell7,000$20.85$145,950.00View SEC Filing  
1/9/2017Ross C HartleyDirectorSell69,800$24.21$1,689,858.00View SEC Filing  
1/5/2017Ross C HartleyDirectorSell85,174$24.41$2,079,097.34View SEC Filing  
1/4/2017Ross C HartleyDirectorSell95,026$24.13$2,292,977.38View SEC Filing  
12/12/2016Ross C HartleyDirectorSell240,458$25.19$6,057,137.02View SEC Filing  
8/11/2016Jayne HollandInsiderSell2,000$23.35$46,700.00View SEC Filing  
2/9/2016William M LyonsDirectorBuy2,000$16.65$33,300.00View SEC Filing  
12/4/2015Harry HeringtonCEOSell30,224$20.58$622,009.92View SEC Filing  
12/1/2015Harry HeringtonCEOSell65,883$20.51$1,351,260.33View SEC Filing  
11/27/2015Harry HeringtonCEOSell34,243$20.29$694,790.47View SEC Filing  
11/24/2015Harry HeringtonCEOSell73,865$19.98$1,475,822.70View SEC Filing  
11/19/2015Harry HeringtonCEOSell46,310$19.77$915,548.70View SEC Filing  
11/17/2015Harry HeringtonCEOSell49,475$19.65$972,183.75View SEC Filing  
11/11/2015Robert W KnappCOOSell20,000$20.00$400,000.00View SEC Filing  
8/28/2015Peter B WilsonDirectorSell33,040$18.74$619,169.60View SEC Filing  
8/24/2015William F. Bradley, Jr.CAOSell40,000$18.67$746,800.00View SEC Filing  
8/20/2015William F. Bradley, Jr.CAOSell40,000$19.22$768,800.00View SEC Filing  
8/18/2015William F Bradley JrCAOSell40,000$19.75$790,000.00View SEC Filing  
8/14/2015William F Bradley JrCAOSell40,000$19.93$797,200.00View SEC Filing  
3/13/2015William F Bradley JrCAOSell8,450$17.10$144,495.00View SEC Filing  
3/12/2015William F Bradley JrCAOSell40,000$17.17$686,800.00View SEC Filing  
3/9/2015William F Bradley JrCAOSell31,550$17.52$552,756.00View SEC Filing  
3/5/2015William F Bradley JrCAOSell40,000$17.58$703,200.00View SEC Filing  
3/3/2015William F Bradley JrCAOSell40,000$17.60$704,000.00View SEC Filing  
2/27/2015William F Bradley JrCAOSell40,000$17.75$710,000.00View SEC Filing  
12/26/2014Aimi DaughteryCAOSell20,000$18.75$375,000.00View SEC Filing  
12/18/2014Alexander C KemperDirectorSell11,000$18.00$198,000.00View SEC Filing  
8/15/2014Stephen M KovzanCFOSell75,000$18.87$1,415,250.00View SEC Filing  
8/12/2014Robert W KnappCOOSell15,000$18.79$281,850.00View SEC Filing  
11/8/2013William Bradley, Jr.CAOSell46,250$22.77$1,053,112.50View SEC Filing  
11/6/2013William Bradley, Jr.CAOSell17,500$23.10$404,250.00View SEC Filing  
8/12/2013Ross HartleyDirectorSell55,145$22.88$1,261,717.60View SEC Filing  
8/9/2013Ron ThornburghSVPSell2,500$22.91$57,275.00View SEC Filing  
8/9/2013Ross HartleyDirectorSell286,097$22.91$6,554,482.27View SEC Filing  
8/7/2013Ross HartleyDirectorSell158,758$23.02$3,654,609.16View SEC Filing  
6/14/2013Robert W KnappCOOSell6,000$16.13$96,780.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for NIC (NASDAQ:EGOV)
Latest Headlines for NIC (NASDAQ:EGOV)
DateHeadline logoNIC Inc. (EGOV) Stock Rating Lowered by Sidoti - July 21 at 10:45 AM logoNIC Vice President of Digital Government Advocacy Honored by the National Association of Secretaries of State - July 20 at 3:34 PM logoArkansas Information Consortium Named One of the “Best Places to Work in Arkansas” - July 19 at 4:20 PM logoINGENICO GROUP: CONFERENCE CALL INVITATION - July 19 at 1:33 PM logoNIC Inc. (NASDAQ:EGOV) Upgraded at Zacks Investment Research - July 18 at 10:20 PM logoArkansas Secretary of State Wins 2017 NASS IDEAS Award - July 18 at 7:44 PM logoWest Virginia DMV Ribbon-Cutting Held for New Self-Service Kiosk at Clarksburg Sheetz - July 18 at 7:44 PM logoFY2017 EPS Estimates for NIC Inc. (EGOV) Boosted by Analyst - July 18 at 11:35 AM logo23% Upside Expected For NIC Inc, According To Imperial Capital - July 17 at 7:06 PM logoNIC Inc. (EGOV) Given Average Recommendation of "Hold" by Analysts - July 17 at 12:33 PM logoArkansas DFA Wins Two Awards for Excellence in Government Partnership - July 17 at 11:18 AM logoUtah Fishing Alexa Skill Helps Find Hot Fishing Spots - July 17 at 11:18 AM logoNIC Inc. (EGOV) Raised to "Outperform" at Imperial Capital - July 17 at 9:58 AM logoNebraska’s Winning Streak Continues, Adding Two Summit Creative Awards - July 12 at 6:53 PM logoNIC Partners with Castillo de San Marcos National Monument to Offer Visitors Digital Entrance Passes - July 11 at 7:20 PM logoUtah Driver Practice Exam Wins Utah Innovation Award - July 11 at 7:20 PM logoWest Virginia Sexual Assault Evidence Collection Kit Information System Named Finalist for the State Transformation in Action Recognition Award - July 10 at 6:05 PM logoNIC to Announce Second Quarter 2017 Results on August 2 - July 10 at 6:05 PM logoState Launches Utah Search and Rescue Assistance Card - July 8 at 10:28 AM logoCutting-Edge Technologies Highlighted on Website Redesign - July 6 at 7:29 PM logoNIC Inc. (NASDAQ:EGOV) Downgraded by Zacks Investment Research to Hold - July 3 at 10:10 PM
News IconA Hard Brexit could cost banks €15 billion in restructuring and execs are lobbying Brussels to stop it - July 3 at 5:31 AM logoDA Davidson Initiates Coverage on NIC Inc. (EGOV) - July 2 at 8:08 PM logoZacks: Brokerages Anticipate NIC Inc. (EGOV) Will Post Quarterly Sales of $83.44 Million - July 2 at 10:44 AM logoBidaskClub Lowers NIC Inc. (EGOV) to Strong Sell - June 30 at 11:32 PM logoNebraska Budget Spending Showcased in the Stunning State Website Update - June 30 at 6:30 PM logoAlabama Secretary of State Website Receives National Award - June 30 at 6:30 PM logoNIC Inc. (EGOV) Expected to Announce Earnings of $0.18 Per Share - June 30 at 11:16 AM logoResearch Analysts Issue Forecasts for NIC Inc.'s Q2 2017 Earnings (EGOV) - June 30 at 8:06 AM logoAlabama State Lands Division Announces New Canoe Trails Website - June 29 at 7:45 PM logoWest Virginia Secretary of State Adds New UCC Image Subscription to Existing Bulk Data Service - June 29 at 7:45 PM logoThe Library of Congress, with NIC Federal, Launches Copyright Royalty Board Electronic Filing and Case Management System - June 29 at 7:45 PM logoNIC Inc.: Niche Government Play - June 28 at 5:55 PM Recognized for Prestigious Interactive Media Award - June 28 at 5:55 PM logoThe Mississippi Department of Human Services Grows Online Presence With Launch of Aging and Adult Services Conference Registration - June 28 at 5:55 PM logo2017 CFO of the Year honorees: Steve Kovzan - June 23 at 5:31 PM logoNIC Inc. (EGOV) Given Consensus Recommendation of "Hold" by Brokerages - June 20 at 10:30 AM logoNIC CEO: 'We are the R&D shop for government' - June 19 at 6:33 PM logoDMV Ribbon-Cutting Held for New Self-Service Kiosk at Barboursville Little General - June 13 at 4:36 PM logoTexas Veterans Portal Wins Best of Texas Award - June 13 at 12:05 PM logoNIC Inc. (EGOV) Short Interest Update - June 11 at 7:28 AM logoMaine Wins Two International Awards for State Websites - June 8 at 5:55 PM logo Brokerages Anticipate NIC Inc. (EGOV) Will Post Quarterly Sales of $82.95 Million - June 7 at 8:24 AM logoNew Jersey State Police Background Name Check Service Named Innovation of the Year by StateScoop 50 - June 6 at 5:20 PM logoZacks: Analysts Expect NIC Inc. (EGOV) to Announce $0.18 Earnings Per Share - June 6 at 12:26 AM logoNIC, Inc. : EGOV-US: Dividend Analysis : June 06th, 2017 (record date) : By the numbers : June 5, 2017 - June 5 at 4:59 PM logoETFs with exposure to NIC, Inc. : June 2, 2017 - June 2 at 9:25 PM logoETFs with exposure to NIC, Inc. : June 2, 2017 - June 2 at 4:24 PM logoNew Jersey Launches New Service for Cigarette Licensing - June 2 at 8:23 AM logoMaine Boat Registration Renewal Adds Its 200th Municipality - June 1 at 5:40 PM



NIC (EGOV) Chart for Saturday, July, 22, 2017

This page was last updated on 7/22/2017 by Staff