NIC Company Profile (NASDAQ:EGOV)

About NIC (NASDAQ:EGOV)

NIC Inc. is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses. In the primary outsourced portal businesses, the Company enters into contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. Its software and services businesses include its subsidiaries that provide software development and payment processing services, other than outsourced portal services, to state and local governments, as well as federal agencies. The Company's outsourced portal businesses include interactive government services (IGS), driver history records (DHR), Portal software development and services, and Portal management.

Industry, Sector and Symbol:

Sector: Computer and Technology
Industry: Internet Services
Sub-Industry: Internet Software & Services
Symbol: NASDAQ:EGOV
CUSIP: 62914B10
Web: www.egov.com

Capitalization:

Market Cap: $1.14973 billion
Outstanding Shares: 66,267,000

Average Prices:

50 Day Moving Avg: $17.08
200 Day Moving Avg: $18.53
52 Week Range: $15.45 - $25.90

P/E:

Trailing P/E Ratio: 20.94
Foreward P/E Ratio: 22.25
P/E Growth: 2.35

Sales & Book Value:

Annual Revenue: $327.22 million
Price / Sales: 3.60
Book Value: $2.29 per share
Price / Book: 7.77

Dividend:

Annual Dividend: $0.32
Dividend Yield: 1.8%

Profitability:

EBITDA: $83.34 million
Net Margins: 17.31%
Return on Equity: 38.37%
Return on Assets: 23.00%

Debt:

Current Ratio: 2.68%
Quick Ratio: 2.68%

Misc:

Average Volume: 557,058 shs.
Beta: 0.41
Short Ratio: 12.98

Frequently Asked Questions for NIC (NASDAQ:EGOV)

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 Thursday, August 3rd. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.08 per share on Wednesday, September 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, September 1st. View NIC's Dividend History.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company earned $85.30 million during the quarter, compared to analyst estimates of $83.57 million. NIC had a return on equity of 38.37% and a net margin of 17.31%. NIC's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. View NIC's Earnings History.

When will NIC make its next earnings announcement?

NIC is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for NIC.

Where is NIC's stock going? Where will NIC's stock price be in 2017?

7 equities research analysts have issued 1 year target prices for NIC's shares. Their forecasts range from $16.00 to $23.00. On average, they expect NIC's stock price to reach $19.33 in the next twelve months. View Analyst Ratings for NIC.

What are 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. " (10/9/2017)
2. Maxim Group analysts commented, "Texas has released its Request for Offer (RFO) for Texas.gov, where EGOV is the vendor and this contract generated 20% of 2016 revenue or about $63 million." (7/21/2017)

Who are some of NIC's key competitors?

Some companies that are related to NIC include Cars.com (CARS), Moneysupermarket.Com Group PLC (MONY), TrueCar (TRUE), Shutterstock (SSTK), Blucora (BCOR), Yext (YEXT), Liberty TripAdvisor Holdings (LTRPA), Angie's List (ANGI), Tucows (TCX), Care.com (CRCM), Gocompare.Com Group PLC (GOCO), Iomart Group Plc (IOM), Hostelworld Group PLC (HSW), Rhythmone PLC (RTHM), Leaf Group Ltd (LFGR), Minds + Machines Group Ltd (MMX), Centralnic Group PLC (CNIC) and Live Ventures Incorporated (LIVE).

Who are NIC's key executives?

NIC's management team includes the folowing people:

Harry H. Herington, Chairman of the Board, Chief Executive Officer
Stephen M. Kovzan, Chief Financial Officer
Robert W. Knapp Jr., Chief Operating Officer
William A. Van Asselt, General Counsel
Jayne Friedland Holland J.D., Chief Security Officer
Art N. Burtscher, Lead Independent Director
Venmal Arasu, Independent Director
Karen S. Evans, Independent Director
Ross C. Hartley, Independent Director
C. Brad Henry J.D., Independent Director

How do I buy NIC stock?

Shares of NIC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is NIC's stock price today?

One share of NIC stock can currently be purchased for approximately $17.80.

MarketBeat Community Rating for NIC (NASDAQ EGOV)

Community Ranking:		2.0 out of 5 ( )
Outperform Votes:		156 (Vote Outperform)
Underperform Votes:		234 (Vote Underperform)
Total Votes:		390

MarketBeat's community ratings are surveys of what our community members think about NIC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Consensus Ratings for NIC (NASDAQ:EGOV) (How are Consensus Ratings Calculated?)

Ratings Breakdown:	1 Sell Rating, 5 Hold Ratings, 1 Buy Rating
Consensus Rating:	Hold (Score: 2.00)
Consensus Price Target:	$19.33 (8.61% upside)

Consensus Price Target History for NIC (NASDAQ:EGOV)

Analysts' Ratings History for NIC (NASDAQ:EGOV)

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
9/20/2017	DA Davidson	Reiterated Rating	Neutral	$18.00	Low
8/3/2017	Maxim Group	Set Price Target	Hold	$16.00	Low
7/21/2017	Sidoti	Downgrade	Buy -> Neutral	$19.00	Medium
7/17/2017	Imperial Capital	Upgrade	In-Line -> Outperform	$23.00	High
2/14/2017	Loop Capital	Initiated Coverage	Hold	$22.00	N/A
2/2/2017	Avondale Partners	Downgrade	Market Perform -> Underperform	$18.00	N/A
1/3/2017	Barrington Research	Downgrade	Outperform -> Market Perform		N/A

(Data available from 10/21/2015 forward)

Earnings History for NIC (NASDAQ:EGOV)

Earnings by Quarter for NIC (NASDAQ:EGOV)

Earnings History by Quarter for NIC (NASDAQ EGOV)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
11/1/2017		$0.19					N/A
8/2/2017	Q2 2017	$0.18	$0.19	$83.57 million	$85.30 million	View	Listen
5/1/2017	Q1 2017	$0.18	$0.21	$81.99 million	$83.20 million	View	Listen
2/1/2017	Q416	$0.15	$0.20	$76.41 million	$78.30 million	View	Listen
11/3/2016	Q316	$0.18	$0.24	$80.04 million	$80.37 million	View	N/A
8/4/2016	Q216	$0.18	$0.20	$80.90 million	$80.81 million	View	N/A
5/2/2016	Q116	$0.15	$0.19	$74.89 million	$78.39 million	View	N/A
2/4/2016	Q415	$0.14	$0.13	$71.75 million	$71.16 million	View	N/A
11/5/2015	Q315	$0.17	$0.19	$74.76 million	$75.05 million	View	N/A
8/6/2015	Q215	$0.16	$0.17	$76.18 million	$75.80 million	View	N/A
5/4/2015	Q115	$0.15	$0.14	$70.70 million	$70.40 million	View	N/A
2/5/2015	Q414	$0.13	$0.12	$66.70 million	$66.00 million	View	N/A
11/6/2014	Q314	$0.15	$0.16	$67.70 million	$69.40 million	View	N/A
8/7/2014	Q214	$0.15	$0.17	$68.62 million	$71.20 million	View	N/A
5/5/2014	Q114	$0.14	$0.14	$66.08 million	$65.40 million	View	N/A
2/6/2014	Q413	$0.12	$0.11	$62.67 million	$60.80 million	View	N/A
11/7/2013	Q313	$0.11	$0.08	$61.45 million	$61.30 million	View	N/A
8/1/2013	Q2 2013	$0.11	$0.16	$60.55 million	$65.90 million	View	N/A
5/6/2013	Q1 2013	$0.11	$0.15	$57.68 million	$61.20 million	View	N/A
2/7/2013	Q4 2012	$0.10	$0.13	$52.86 million	$57.20 million	View	N/A
11/8/2012	Q312	$0.10	$0.09	$53.72 million	$53.20 million	View	N/A
8/2/2012		$0.09	$0.09			View	N/A
4/30/2012		$0.09	$0.09			View	N/A
2/2/2012		$0.09	$0.08			View	N/A
11/3/2011		$0.09	$0.11			View	N/A
8/2/2011		$0.08	$0.09			View	N/A
5/2/2011		$0.07	$0.08			View	N/A
2/3/2011		$0.06	$0.08			View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for NIC (NASDAQ:EGOV)

2017 EPS Consensus Estimate: $0.71
2018 EPS Consensus Estimate: $0.80

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	2	$0.19	$0.19	$0.19
Q2 2017	3	$0.18	$0.19	$0.18
Q3 2017	3	$0.18	$0.19	$0.19
Q4 2017	3	$0.14	$0.17	$0.15
Q1 2018	3	$0.21	$0.22	$0.21
Q2 2018	3	$0.21	$0.22	$0.21
Q3 2018	3	$0.20	$0.21	$0.20
Q4 2018	3	$0.16	$0.17	$0.17

(Data provided by Zacks Investment Research)

Current Dividend Information for NIC (NASDAQ:EGOV)

Most Recent Dividend:	9/20/2017
Annual Dividend:	$0.32
Dividend Yield:	1.80%
Payout Ratio:	38.10% (Trailing 12 Months of Earnings) 42.67% (Based on This Year's Estimates) 40.00% (Based on Next Year's Estimates)

Dividend Payments by Quarter for NIC (NASDAQ:EGOV)

Dividend History by Quarter for NIC (NASDAQ EGOV)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
8/3/2017	quarterly	$0.08	1.98%	9/1/2017	9/6/2017	9/20/2017
5/4/2017	quarterly	$0.08	1.53%	6/2/2017	6/6/2017	6/20/2017
2/2/2017	quarterly	$0.08	1.46%	3/3/2017	3/7/2017	3/21/2017
11/4/2016	special	$0.65		11/14/2016	11/16/2016	12/9/2016
11/5/2015	special	$0.55		11/10/2015	11/13/2015	1/4/2016
10/28/2014	special	$0.50		11/5/2014	11/7/2014	11/20/2014
10/29/2013	special	$0.35		11/6/2013	11/8/2013	1/2/2014

(Data available from 1/1/2013 forward)

Insider Trading and Institutional Ownership History for NIC (NASDAQ:EGOV)

Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 92.93%

Institutional Ownership by Quarter for NIC (NASDAQ:EGOV)

Insider Trades by Quarter for NIC (NASDAQ:EGOV)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
5/22/2017	Robert W Knapp	COO	Sell	25,000	$20.38	$509,500.00
3/22/2017	Alexander C Kemper	Director	Sell	7,000	$20.85	$145,950.00
1/9/2017	Ross C Hartley	Director	Sell	69,800	$24.21	$1,689,858.00
1/5/2017	Ross C Hartley	Director	Sell	85,174	$24.41	$2,079,097.34
1/4/2017	Ross C Hartley	Director	Sell	95,026	$24.13	$2,292,977.38
12/12/2016	Ross C Hartley	Director	Sell	240,458	$25.19	$6,057,137.02
8/11/2016	Jayne Holland	Insider	Sell	2,000	$23.35	$46,700.00
2/9/2016	William M Lyons	Director	Buy	2,000	$16.65	$33,300.00
12/4/2015	Harry Herington	CEO	Sell	30,224	$20.58	$622,009.92
12/1/2015	Harry Herington	CEO	Sell	65,883	$20.51	$1,351,260.33
11/27/2015	Harry Herington	CEO	Sell	34,243	$20.29	$694,790.47
11/24/2015	Harry Herington	CEO	Sell	73,865	$19.98	$1,475,822.70
11/19/2015	Harry Herington	CEO	Sell	46,310	$19.77	$915,548.70
11/17/2015	Harry Herington	CEO	Sell	49,475	$19.65	$972,183.75
11/11/2015	Robert W Knapp	COO	Sell	20,000	$20.00	$400,000.00
8/28/2015	Peter B Wilson	Director	Sell	33,040	$18.74	$619,169.60
8/24/2015	William F. Bradley, Jr.	CAO	Sell	40,000	$18.67	$746,800.00
8/20/2015	William F. Bradley, Jr.	CAO	Sell	40,000	$19.22	$768,800.00
8/18/2015	William F Bradley Jr	CAO	Sell	40,000	$19.75	$790,000.00
8/14/2015	William F Bradley Jr	CAO	Sell	40,000	$19.93	$797,200.00
3/13/2015	William F Bradley Jr	CAO	Sell	8,450	$17.10	$144,495.00
3/12/2015	William F Bradley Jr	CAO	Sell	40,000	$17.17	$686,800.00
3/9/2015	William F Bradley Jr	CAO	Sell	31,550	$17.52	$552,756.00
3/5/2015	William F Bradley Jr	CAO	Sell	40,000	$17.58	$703,200.00
3/3/2015	William F Bradley Jr	CAO	Sell	40,000	$17.60	$704,000.00
2/27/2015	William F Bradley Jr	CAO	Sell	40,000	$17.75	$710,000.00
12/26/2014	Aimi Daughtery	CAO	Sell	20,000	$18.75	$375,000.00
12/18/2014	Alexander C Kemper	Director	Sell	11,000	$18.00	$198,000.00
8/15/2014	Stephen M Kovzan	CFO	Sell	75,000	$18.87	$1,415,250.00
8/12/2014	Robert W Knapp	COO	Sell	15,000	$18.79	$281,850.00
11/8/2013	William Bradley, Jr.	CAO	Sell	46,250	$22.77	$1,053,112.50
11/6/2013	William Bradley, Jr.	CAO	Sell	17,500	$23.10	$404,250.00
8/12/2013	Ross Hartley	Director	Sell	55,145	$22.88	$1,261,717.60
8/9/2013	Ron Thornburgh	SVP	Sell	2,500	$22.91	$57,275.00
8/9/2013	Ross Hartley	Director	Sell	286,097	$22.91	$6,554,482.27
8/7/2013	Ross Hartley	Director	Sell	158,758	$23.02	$3,654,609.16
6/14/2013	Robert W Knapp	COO	Sell	6,000	$16.13	$96,780.00

(Data available from 1/1/2013 forward)

Headline Trends for NIC (NASDAQ:EGOV) Latest Headlines for NIC (NASDAQ:EGOV)

Source:

Date	Headline
	Global Deep Packet Inspection (DPI) Industry www.bizjournals.com - October 19 at 6:52 PM
	The Mississippi State Department of Health’s Bureau of Public Water Supply Introduces Electronic Invoice Payment System finance.yahoo.com - October 17 at 6:58 PM
	Nebraska State Patrol Modernizes Concealed Handgun Permit with Online Services finance.yahoo.com - October 17 at 6:58 PM
	Transition Networks Expands Fiber-to-the-Desktop Solutions with Network Interface Cards Supporting M.2 Interface www.bizjournals.com - October 16 at 4:19 PM
	Netflix (NFLX) and NIC (EGOV) Head to Head Analysis www.americanbankingnews.com - October 13 at 4:28 AM
	NIC Inc. Announces New Senior Vice President of Business Development - Business Wire (press release) www.businesswire.com - October 10 at 3:58 PM
	NIC Inc. Announces New Senior Vice President of Business Development finance.yahoo.com - October 10 at 3:58 PM
	NIC Inc. (EGOV) Downgraded by Zacks Investment Research www.americanbankingnews.com - October 10 at 12:02 AM
	NIC to Announce Third Quarter 2017 Results on November 1 finance.yahoo.com - October 9 at 6:34 PM
	Head to Head Review: Yelp (YELP) vs. NIC (EGOV) www.americanbankingnews.com - October 9 at 6:28 PM
	Company Profile for NIC Inc. - Business Wire (press release) www.businesswire.com - October 6 at 6:34 PM
	Company Profile for NIC Inc. finance.yahoo.com - October 6 at 6:34 PM
	NIC's Gov2Go Platform Now Available in All 50 States \| Business Wire - Business Wire (press release) www.businesswire.com - October 3 at 10:59 AM
	NIC’s Gov2Go Platform Now Available in All 50 States finance.yahoo.com - October 3 at 10:58 AM
	Colorado Center of Excellence for Advanced Technology Aerial Firefighting Launches Online Donations finance.yahoo.com - October 3 at 10:58 AM
	Nebraska.gov Wins Web Marketing Standard of Excellence Award finance.yahoo.com - October 3 at 10:58 AM
	Arkansas Property Tax Payments Due October 16 finance.yahoo.com - October 3 at 10:58 AM
	Jacada Appoints New CEO– Yochai Rozenblat feeds.benzinga.com - October 3 at 10:52 AM
	NIC Inc. (EGOV) Receives Average Recommendation of "Hold" from Analysts www.americanbankingnews.com - September 30 at 1:04 PM
	NIC - Value In The Government Digital Services Space - NIC Inc ... - Seeking Alpha seekingalpha.com - September 25 at 4:27 PM
	State of Mississippi Places in Top Five at Inaugural Government Experience Awards finance.yahoo.com - September 25 at 11:28 AM
	Today's Research Report Coverage on Application Software Stocks -- Cornerstone OnDemand, Endurance Intl., NIC ... - PR Newswire (press release) www.prnewswire.com - September 22 at 8:38 AM
	NIC (EGOV): A Way To Offset The Upcoming Growth Headwind - DA Davidson - StreetInsider.com www.streetinsider.com - September 21 at 12:08 AM
	NIC Inc. (EGOV) Receives "Neutral" Rating from DA Davidson www.americanbankingnews.com - September 20 at 5:46 PM
	NIC, Inc. – Value Analysis (NASDAQ:EGOV) : September 19, 2017 finance.yahoo.com - September 18 at 11:05 PM
	West Virginia DMV Wins Center For Digital Government Inaugural Award For "Skip The Trip" www.thestreet.com - September 16 at 5:36 PM
	Alabama Encourages Citizens to Register to Vote finance.yahoo.com - September 15 at 6:42 PM
	West Virginia DMV Wins Center for Digital Government Inaugural Award for “Skip the Trip” finance.yahoo.com - September 15 at 6:42 PM
	NIC, Inc. breached its 50 day moving average in a Bullish Manner : EGOV-US : September 15, 2017 finance.yahoo.com - September 15 at 6:42 PM
	Arkansas Government Offices Honored with Digital Government Transformation Awards finance.yahoo.com - September 15 at 6:42 PM
	Three beaten-down stocks that fit Warren Buffett’s patient investor style www.theglobeandmail.com - September 13 at 7:32 PM
	Hawaii’s User-Centered Redesign of Annual Filing Website Wins Government Standard of Excellence Award finance.yahoo.com - September 13 at 7:32 PM
	Hawaii State Library website wins Best Government Website Award finance.yahoo.com - September 13 at 7:32 PM
	Nebraska's Secretary Of State Online Filings Reflect Consistent, Impressive Increases www.thestreet.com - September 13 at 5:06 AM
	Nebraska’s Secretary of State Online Filings Reflect Consistent, Impressive Increases finance.yahoo.com - September 12 at 7:03 PM
	Arkansas Among Top Three States in Inaugural Government Experience Awards finance.yahoo.com - September 12 at 7:03 PM
	Kansas BSRB License Renewal is Convenient and Efficient finance.yahoo.com - September 12 at 7:03 PM
	AC IMMUNE COMPLETES RECRUITMENT FOR LOW-DOSE COHORT IN WORLD'S FIRST CLINICAL TRIAL FOR ANTI-ABETA VACCINE TARGETING ALZHEIMER'S DISEASE-LIKE CHARACTERISTICS IN INDIVIDUALS WITH DOWN SYNDROME feeds.benzinga.com - September 12 at 7:13 AM
	Gun Stocks Mixed On New NICS Background Numbers feeds.benzinga.com - September 11 at 12:23 PM
	Head to Head Analysis: WebMD Health Corp (WBMD) and NIC (EGOV) www.americanbankingnews.com - September 9 at 10:56 AM
	NIC State Government Partners Win Four of Top Five Inaugural Government Experience Awards finance.yahoo.com - September 7 at 6:17 PM
	Utah Takes First Place in Government Experience Awards finance.yahoo.com - September 7 at 6:17 PM
	WV DMV Showcases New Kiosk at Martinsburg DMV finance.yahoo.com - September 5 at 7:49 PM
	Angel Flight South Central Volunteer Pilots Bring Supplies into Hurricane Harvey Affected Area feeds.benzinga.com - September 5 at 2:52 PM
	NIC Inc. (EGOV) Receives Average Recommendation of "Hold" from Brokerages www.americanbankingnews.com - September 5 at 12:32 PM
	$83.01 Million in Sales Expected for NIC Inc. (EGOV) This Quarter www.americanbankingnews.com - September 2 at 1:40 AM
	Kentucky Governor Introduces Beautify the Bluegrass Initiative finance.yahoo.com - September 1 at 6:29 PM
	NIC Inc. (EGOV) Ex-Dividend Date Scheduled for September 01, 2017 - Nasdaq www.nasdaq.com - August 31 at 11:07 PM
	NIC Inc. (EGOV) Expected to Post Earnings of $0.18 Per Share www.americanbankingnews.com - August 31 at 10:30 PM
	Online Domestic LLC Filing Now Available in Alabama for Baldwin County finance.yahoo.com - August 25 at 7:46 PM