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

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$13.77 +0.02 (+0.15 %)
(As of 01/17/2019 12:02 PM ET)
Previous Close$13.75
Today's Range$13.72 - $13.83
52-Week Range$11.76 - $17.60
Volume7,589 shs
Average Volume345,585 shs
Market Capitalization$908.67 million
P/E Ratio17.86
Dividend Yield2.34%
Beta0.63
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.

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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

Current Ratio2.85
Quick Ratio2.85

Price-To-Earnings

Sales & Book Value

Annual Sales$336.51 million
Price / Sales2.72
Cash Flow$0.8953 per share
Price / Cash Flow15.38
Book Value$2.54 per share
Price / Book5.42

Profitability

Net Income$51.61 million
Net Margins16.94%
Return on Assets20.19%

Miscellaneous

Employees950
Market Cap$908.67 million
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 declared a quarterly dividend on Monday, November 5th. Investors of record on Tuesday, December 4th will be paid a dividend of $0.08 per share on Tuesday, December 18th. This represents a $0.32 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, December 3rd. View NIC's Dividend History.

How will NIC's stock buyback program work?

NIC announced that its board has approved a share buyback plan on Friday, March 9th 2018, which allows the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally 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) announced its quarterly earnings data on Thursday, November, 1st. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.17 by $0.07. The software maker earned $87.03 million during the quarter, compared to the consensus estimate of $83.06 million. NIC had a return on equity of 32.21% and a net margin of 16.94%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company 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, January 30th 2019. View Earnings Estimates for NIC.

What price target have analysts set for EGOV?

3 equities research analysts have issued 12-month price objectives for NIC's shares. Their forecasts range from $13.00 to $18.00. On average, they anticipate NIC's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 12.6% 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 3 hold ratings 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. " (12/7/2018)
  • 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?

News coverage about EGOV stock has trended positive this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. NIC earned a daily sentiment score of 2.6 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the company's share price in the next several days.

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 59)
  • Mr. Stephen M. Kovzan, Chief Financial Officer (Age 50)
  • Mr. Robert W. Knapp Jr., Chief Operating Officer (Age 50)
  • Mr. William A. Van Asselt, Gen. Counsel & Sec. (Age 44)
  • Ms. Jayne Friedland Holland, Chief Security Officer (Age 55)

Who are NIC's major shareholders?

NIC's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.04%), Louisiana State Employees Retirement System (0.04%) and Fox Run Management L.L.C. (0.02%). Company insiders that own NIC stock include Alexander C Kemper and Robert W Knapp. View Institutional Ownership Trends for NIC.

Which major investors are selling NIC stock?

EGOV stock was sold by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C., Louisiana State Employees Retirement System and Cardinal Capital Management. 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 $13.77.

How big of a company is NIC?

NIC has a market capitalization of $908.67 million 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.

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:  289 (Vote Outperform)
Underperform Votes:  388 (Vote Underperform)
Total Votes:  677
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 1/17/2019 by MarketBeat.com Staff

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