NASDAQ:EGOV - NIC Stock Price, Forecast & News

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

NIC declared a quarterly dividend on Monday, January 27th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.09 per share on Wednesday, March 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, March 3rd. This is a boost from NIC's previous quarterly dividend of $0.08. View NIC's Dividend History.

NIC announced that its board has authorized a stock buyback program on Friday, March 9th 2018, which permits the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

NIC Inc. (NASDAQ:EGOV) issued its quarterly earnings data on Wednesday, January, 29th. The software maker reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.01. The software maker earned $87.10 million during the quarter, compared to the consensus estimate of $85.26 million. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. View NIC's Earnings History.

NIC is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for NIC.

NIC updated its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $0.76-81 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84. The company issued revenue guidance of $380.5-$391.0 million, compared to the consensus revenue estimate of $379.38 million.

3 analysts have issued 12-month price objectives for NIC's stock. Their forecasts range from $22.00 to $26.00. On average, they anticipate NIC's share price to reach $24.00 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for NIC.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIC in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NIC.

Media headlines about EGOV stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. NIC earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for NIC.

NIC saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 932,600 shares, a drop of 16.0% from the January 15th total of 1,110,000 shares. Based on an average daily trading volume, of 304,700 shares, the short-interest ratio is presently 3.1 days. Currently, 1.4% of the company's shares are short sold. View NIC's Current Options Chain.

Some companies that are related to NIC include ANGI Homeservices (ANGI), Carbonite (CARB), COMSCORE (SCOR), Spark Networks (LOV), Akamai Technologies (AKAM), Blucora (BCOR), Brightcove (BCOV), Cimpress (CMPR), Cornerstone OnDemand (CSOD), CoStar Group (CSGP), DealerTrack Technologies (TRAK), DHI Group (DHX), eBay (EBAY), Envestnet (ENV) and Equinix (EQIX).

Based on aggregate information from My MarketBeat watchlists, some companies that other NIC investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), ALJ Regional (ALJJ), Precision Drilling (PD), Gran Tierra Energy (GTE) and Transocean (RIG).

NIC's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (2.98%), Bank of New York Mellon Corp (2.39%), Renaissance Technologies LLC (2.33%), Loomis Sayles & Co. L P (1.95%), Boston Trust Walden Corp (1.77%) and Eaton Vance Management (1.69%). Company insiders that own NIC stock include Stephen M Kovzan and William M Lyons. View Institutional Ownership Trends for NIC.

EGOV stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Thrivent Financial for Lutherans, 361 Capital LLC, State of New Jersey Common Pension Fund D, Oxford Asset Management LLP, Bank of America Corp DE and Arizona State Retirement System. Company insiders that have sold NIC company stock in the last year include Stephen M Kovzan and William M Lyons. View Insider Buying and Selling for NIC.

EGOV stock was acquired by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Panagora Asset Management Inc., Eaton Vance Management, Carolina Wealth Advisors LLC, Amundi Pioneer Asset Management Inc., California Public Employees Retirement System, Renaissance Technologies LLC and Great West Life Assurance Co. Can. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of EGOV stock can currently be purchased for approximately $21.07.