NASDAQ:EGOV - NIC Stock Price, Price Target & More

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$16.15 -0.15 (-0.92 %)
(As of 07/23/2018 07:38 AM ET)
Previous Close$16.30
Today's Range$16.1050 - $16.35
52-Week Range$12.65 - $18.90
Volume185,210 shs
Average Volume321,187 shs
Market Capitalization$1.07 billion
P/E Ratio20.97
Dividend Yield1.98%
Beta0.52
NIC logoNIC 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
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 Ratio20.97
Forward P/E Ratio20.97
P/E Growth2.11

Sales & Book Value

Annual Sales$336.51 million
Price / Sales3.19
Cash Flow$0.8879 per share
Price / Cash18.19
Book Value$2.54 per share
Price / Book6.36

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
Market Cap$1,074.20

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 Tuesday, May 8th. Investors 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 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, June 4th. View NIC's Dividend History.

How will NIC's stock buyback program work?

NIC declared that its board has authorized a stock repurchase plan on Friday, March 9th 2018, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) released its earnings results on Monday, April, 30th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The software maker had revenue of $86.73 million for the quarter, compared to analyst estimates of $87.51 million. NIC had a net margin of 15.63% and a return on equity of 32.69%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. View NIC's Earnings History.

When is NIC's next earnings date?

NIC is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for NIC.

What price target have analysts set for EGOV?

4 Wall Street analysts have issued 1 year target prices for NIC's shares. Their predictions range from $14.00 to $18.00. On average, they anticipate NIC's stock price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 0.9%. View Analyst Ratings for NIC.

What is the consensus analysts' recommendation for NIC?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIC in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

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?

Who are NIC's key executives?

NIC's management team includes the folowing people:
  • Mr. Harry H. Herington, Chairman & CEO (Age 58)
  • 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)
  • Ms. Jayne Friedland Holland, Chief Security Officer (Age 54)

Has NIC been receiving favorable news coverage?

Media coverage about EGOV stock has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NIC earned a media sentiment score of 0.22 on Accern's scale. They also gave media coverage about the software maker an impact score of 46.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are NIC's major shareholders?

NIC's stock is owned by many different of institutional and retail investors. Top institutional investors include Conestoga Capital Advisors LLC (2.60%), Whittier Trust Co. (0.07%), Fox Run Management L.L.C. (0.07%), Campbell & CO Investment Adviser LLC (0.05%), Municipal Employees Retirement System of Michigan (0.03%) and Amalgamated Bank (0.02%). 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 Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for NIC.

Which institutional investors are buying NIC stock?

EGOV stock was bought by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Whittier Trust Co., Fox Run Management L.L.C., Campbell & CO Investment Adviser LLC and Amalgamated Bank. 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 $16.15.

How big of a company is NIC?

NIC has a market capitalization of $1.07 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 (NASDAQ EGOV)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  321 (Vote Underperform)
Total Votes:  568
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.
This page was last updated on 7/23/2018 by MarketBeat.com Staff

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