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
Phone877-234-3468
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$336.51 million
Profitability
Miscellaneous
Employees950
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 given a dividend of $0.08 per share on Tuesday, December 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.32%. 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 announced that its Board of Directors has approved a stock buyback plan on Friday, March 9th 2018, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
How were NIC's earnings last quarter?
NIC Inc. (NASDAQ:EGOV) posted its earnings results on Thursday, November, 1st. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.17 by $0.07. The software maker had revenue of $87.03 million for the quarter, compared to the consensus estimate of $83.06 million. NIC had a return on equity of 32.21% and a net margin of 16.94%. The firm's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. View NIC's Earnings History.
When is NIC's next earnings date?
What price target have analysts set for EGOV?
3 analysts have issued 1-year price objectives for NIC's shares. Their forecasts range from $13.00 to $18.00. On average, they anticipate NIC's stock price to reach $15.50 in the next year. This suggests a possible upside of 12.4% 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. " (12/7/2018)
- 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 stories about EGOV stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NIC earned a news sentiment score of 1.2 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
Who are some of NIC's key competitors?
Some companies that are related to NIC include Exponent (EXPO), FTI Consulting (FCN), RMR Group (RMR), ICF International (ICFI), Huron Consulting Group (HURN), Navigant Consulting (NCI), Apollo Medical (AMEH), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), Avalon Globocare (AVCO), Information Services Group (III), Gopher Protocol (GOPH), Wilhelmina International (WHLM), China Internet Nationwide Fncl Srvcs (CIFS) and Pharma Bio Serv (PBSV).
Who are NIC's key executives?
NIC's management team includes the folowing people:
- Mr. Harry H. Herington, Chairman & CEO (Age 59)
- Mr. Stephen M. Kovzan, Chief Financial Officer (Age 50)
- Mr. Robert W. Knapp Jr., Chief Operating Officer (Age 50)
- Mr. William A. Van Asselt, Gen. Counsel & Sec. (Age 44)
- Ms. Jayne Friedland Holland, Chief Security Officer (Age 55)
Who are NIC's major shareholders?
NIC's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BTIM Corp. (1.62%), Cardinal Capital Management (0.04%), Louisiana State Employees Retirement System (0.04%) and Fox Run Management L.L.C. (0.02%). Company insiders that own NIC stock include Alexander C Kemper and Robert W Knapp. 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 BTIM Corp., Fox Run Management L.L.C., Louisiana State Employees Retirement System and Cardinal Capital Management. 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 $13.79.
How big of a company is NIC?
NIC has a market capitalization of $908.67 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?
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)
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.
