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 Ratio2.84
Quick Ratio2.84
Price-To-Earnings
Trailing P/E Ratio21.43
Forward P/E Ratio21.43
P/E Growth2.12
Sales & Book Value
Annual Sales$336.51 million
Price / Sales3.26
Cash Flow$0.9016 per share
Price / Cash18.30
Book Value$2.54 per share
Price / Book6.50
Profitability
EPS (Most Recent Fiscal Year)$0.77
Net Income$51.61 million
Net Margins15.63%
Return on Equity32.69%
Return on Assets19.89%
Miscellaneous
Employees950
Outstanding Shares66,510,000
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 Tuesday, May 8th. Stockholders of record on Tuesday, June 5th will be paid a dividend of $0.08 per share on Tuesday, June 19th. This represents a $0.32 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, June 4th. View NIC's Dividend History.
How will NIC's stock buyback program work?
NIC declared that its Board of Directors has approved a share buyback program on Friday, March 9th 2018, which allows the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication 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 data on Monday, April, 30th. The software maker reported $0.23 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.01. The software maker earned $86.73 million during the quarter, compared to analyst estimates of $87.51 million. NIC had a return on equity of 32.69% and a net margin of 15.63%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.21 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 forecasts range from $14.00 to $23.00. On average, they expect NIC's stock 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. " (5/9/2018)
- 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 Exponent (EXPO), RMR Group (RMR), FTI Consulting (FCN), ICF International (ICFI), Navigant Consulting (NCI), Huron Consulting Group (HURN), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), China Internet Nationwide Fncl Srvcs (CIFS), AVALON GLOBOCAR/SH SH (AVCO), Information Services Group, Inc. Common Stock (III), Wilhelmina International (WHLM), Lightbridge (LTBR), Pharma Bio Serv (PBSV) and DIGIPATH Inc/SH SH (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?
Headlines about EGOV stock have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NIC earned a media sentiment score of 0.09 on Accern's scale. They also assigned media coverage about the software maker an impact score of 46.23 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are NIC's major shareholders?
NIC's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.07%), Dimensional Fund Advisors LP (3.16%), Royal Bank of Canada (1.57%), Freestone Capital Holdings LLC (1.52%), Rockefeller Capital Management L.P. (1.13%) and Champlain Investment Partners LLC (1.05%). Company insiders that own NIC stock include Alexander C Kemper, Jayne Holland, Robert W Knapp and Ross C Hartley. View Institutional Ownership Trends for NIC.
Which institutional investors are selling NIC stock?
EGOV stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, BlackRock Inc., New York State Common Retirement Fund, Russell Investments Group Ltd., WCM Investment Management CA, Prudential Financial Inc., JPMorgan Chase & Co. and American Century Companies Inc.. View Insider Buying and Selling for NIC.
Which institutional investors are buying NIC stock?
EGOV stock was acquired by a variety of institutional investors in the last quarter, including Freestone Capital Holdings LLC, Rockefeller Capital Management L.P., Matarin Capital Management LLC, Royal Bank of Canada, Palisade Capital Management LLC NJ, Mackay Shields LLC, Bahl & Gaynor Inc. and Migdal Insurance & Financial Holdings Ltd.. 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 $16.50.
How big of a company is NIC?
NIC has a market capitalization of $1.08 billion 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.
