NASDAQ:EGOV - NIC Stock Price, News, & Analysis

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$16.68 -0.52 (-3.02 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$16.68
Today's Range$16.67 - $17.21
52-Week Range$11.76 - $17.55
Volume231,104 shs
Average Volume379,667 shs
Market Capitalization$1.11 billion
P/E Ratio18.95
Dividend Yield1.92%
Beta0.97
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 Internet-based 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, payment processing, and other digital government 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

Industry Management consulting services
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:EGOV
CUSIP62914B10
Phone877-234-3468

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$344.90 million
Cash Flow$1.0221 per share
Book Value$3.18 per share

Profitability

Net Income$58.27 million

Miscellaneous

Employees920
Market Cap$1.11 billion
Next Earnings Date4/29/2019 (Estimated)
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 announced a quarterly dividend on Monday, January 28th. Shareholders of record on Tuesday, March 5th will be paid a dividend of $0.08 per share on Tuesday, March 19th. This represents a $0.32 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, March 4th. View NIC's Dividend History.

How will NIC's stock buyback program work?

NIC declared that its board has approved a stock repurchase program 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 programs are generally an indication that the company's management believes its stock is undervalued.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) released its quarterly earnings data on Wednesday, January, 30th. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.13 by $0.02. The software maker earned $78.65 million during the quarter, compared to analysts' expectations of $74.44 million. NIC had a net margin of 16.89% and a return on equity of 29.79%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. View NIC's Earnings History.

When is NIC's next earnings date?

NIC is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for NIC.

What guidance has NIC issued on next quarter's earnings?

NIC issued an update on its FY19 earnings guidance on Wednesday, January, 30th. The company provided earnings per share (EPS) guidance of $0.70-0.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.69. The company issued revenue guidance of $333.5-342.5 million, compared to the consensus revenue estimate of $328.25 million.NIC also updated its FY 2019 guidance to $0.70-0.74 EPS.

What price target have analysts set for EGOV?

3 Wall Street analysts have issued 12-month price targets for NIC's shares. Their forecasts range from $16.00 to $26.00. On average, they expect NIC's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 19.9% 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 2 hold ratings and 1 buy rating 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. " (2/4/2019)
  • 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?

Press coverage about EGOV stock has trended neutral recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog 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 news sentiment score of 0.2 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock's share price in the immediate future.

Who are some of NIC's key competitors?

What other stocks do shareholders of NIC own?

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. William A. Van Asselt, Gen. Counsel & Sec. (Age 44)
  • Ms. Jayne Friedland Holland, Chief Security Officer (Age 55)
  • Ms. Angela Davied, VP of Corp. Communications

Who are NIC's major shareholders?

NIC's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.02%), FMR LLC (4.29%), Dimensional Fund Advisors LP (3.39%), Dimensional Fund Advisors LP (3.39%), Bank of New York Mellon Corp (2.94%) and Norges Bank (2.93%). 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 Millennium Management LLC, Freestone Capital Holdings LLC, Mackay Shields LLC, BTIM Corp., Bank of New York Mellon Corp, Barclays PLC, Gotham Asset Management LLC and Bessemer Group Inc.. 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 Norges Bank, BlackRock Inc., FMR LLC, Oregon Public Employees Retirement Fund, Los Angeles Capital Management & Equity Research Inc., D. E. Shaw & Co. Inc., Two Sigma Investments LP and Martingale Asset Management L P. 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 $16.68.

How big of a company is NIC?

NIC has a market capitalization of $1.11 billion and generates $344.90 million in revenue each year. The software maker earns $58.27 million in net income (profit) each year or $0.88 on an earnings per share basis. NIC employs 920 workers across the globe.

What is NIC's official website?

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

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:  2.1 out of 5 (star star)
Outperform Votes:  301 (Vote Outperform)
Underperform Votes:  403 (Vote Underperform)
Total Votes:  704
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 3/24/2019 by MarketBeat.com Staff

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