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. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.09 per share on Wednesday, March 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is an increase from NIC's previous quarterly dividend of $0.08. View NIC's Dividend History.

NIC announced that its board has approved a share repurchase program on Friday, March 9th 2018, which authorizes the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

NIC Inc. (NASDAQ:EGOV) issued its quarterly earnings results on Wednesday, January, 29th. The software maker reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. The software maker earned $87.10 million during the quarter, compared to analyst estimates of $85.26 million. NIC had a return on equity of 22.11% and a net margin of 14.24%. The firm's revenue was up 10.7% on a year-over-year basis. During the same period last year, the company 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 shares. Their forecasts range from $22.00 to $26.00. On average, they expect NIC's share price to reach $24.00 in the next year. This suggests a possible upside of 23.8% 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.

News stories about EGOV stock have been trending negative this week, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NIC earned a news impact score of -2.0 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for NIC.

NIC saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,120,000 shares, an increase of 20.1% from the January 30th total of 932,600 shares. Based on an average daily trading volume, of 312,500 shares, the short-interest ratio is presently 3.6 days. Currently, 1.7% of the shares of the stock are sold short. View NIC's Current Options Chain.

Some companies that are related to NIC include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), SEA (SE), Akamai Technologies (AKAM), J2 Global (JCOM), LogMeIn (LOGM), Envestnet (ENV), ANGI Homeservices (ANGI), Cimpress (CMPR), Stamps.com (STMP) and Cornerstone OnDemand (CSOD).

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 number of of retail and institutional investors. Top institutional investors 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 $19.39.

NIC has a market capitalization of $1.30 billion and generates $354.20 million in revenue each year. The software maker earns $50.43 million in net income (profit) each year or $0.77 on an earnings per share basis. NIC employs 920 workers across the globe.View Additional Information About NIC.

The official website for NIC is http://www.egov.com/.

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]