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NASDAQ:EGOV - NIC Stock Price, Forecast & News

$23.14
+1.92 (+9.05 %)
(As of 03/31/2020 06:00 AM ET)
Today's Range
$21.24
Now: $23.14
$23.37
50-Day Range
$16.08
MA: $19.34
$23.14
52-Week Range
$15.48
Now: $23.14
$24.38
Volume663,787 shs
Average Volume564,688 shs
Market Capitalization$1.57 billion
P/E Ratio31.27
Dividend Yield1.70%
Beta0.83
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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NIC logo

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$354.20 million
Cash Flow$1.05 per share
Book Value$3.67 per share

Profitability

Net Income$50.43 million

Miscellaneous

Employees920
Market Cap$1.57 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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NIC (NASDAQ:EGOV) Frequently Asked Questions

How has NIC's stock been impacted by COVID-19 (Coronavirus)?

NIC's stock was trading at $17.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, EGOV stock has increased by 35.4% and is now trading at $23.14. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of NIC?

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

When is NIC's next earnings date?

NIC is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for NIC.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) released its earnings results on Wednesday, January, 29th. The software maker reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.01. The software maker had revenue of $87.10 million for the quarter, compared to analyst estimates of $85.26 million. NIC had a net margin of 14.24% and a return on equity of 22.11%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. View NIC's earnings history.

How often does NIC pay dividends? What is the dividend yield for NIC?

NIC declared a quarterly dividend on Monday, January 27th. Investors 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 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, March 3rd. This is a positive change from NIC's previous quarterly dividend of $0.08. View NIC's dividend history.

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

NIC updated its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of $0.76-81 for the period, compared to the Thomson Reuters consensus 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.

What price target have analysts set for EGOV?

4 brokers have issued twelve-month target prices for NIC's stock. Their forecasts range from $22.00 to $26.00. On average, they anticipate NIC's share price to reach $24.67 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price. View analysts' price targets for NIC.

Has NIC been receiving favorable news coverage?

Headlines about EGOV stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. NIC earned a daily sentiment score of 1.5 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutNIC.

Are investors shorting NIC?

NIC saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,238,700 shares, an increase of 35.7% from the February 27th total of 912,500 shares. Based on an average daily volume of 377,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.9% of the shares of the stock are sold short. View NIC's Current Options Chain.

Who are some of NIC's key competitors?

What other stocks do shareholders of NIC own?

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).

Who are NIC's key executives?

NIC's management team includes the following 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

What is NIC's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is NIC's stock price today?

One share of EGOV stock can currently be purchased for approximately $23.14.

How big of a company is NIC?

NIC has a market capitalization of $1.57 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.

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:  357 (Vote Outperform)
Underperform Votes:  509 (Vote Underperform)
Total Votes:  866
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 3/31/2020 by MarketBeat.com Staff

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