NASDAQ:EGOVNIC Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding NIC Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $23.83 +0.16 (+0.68 %) (As of 05/29/2020 02:41 PM ET) Add Compare Share Today's Range$23.65Now: $23.83▼$24.1250-Day Range$21.50MA: $23.70▼$25.6752-Week Range$15.48Now: $23.83▼$25.80Volume15,468 shsAverage Volume465,416 shsMarket Capitalization$1.60 billionP/E Ratio31.77Dividend Yield1.53%Beta0.32 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.4 Analyst's Opinion Consensus RatingNIC has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.00, NIC has a potential upside of 13.3% from its current price of $23.83.Amount of Analyst CoverageNIC has only been the subject of 4 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesNIC has received 367 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNIC has received 520 “underperform” votes. (Add your “underperform” vote.)Community SentimentNIC has received 58.62% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipNIC is a leading dividend payer. It pays a dividend yield of 1.53%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNIC does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of NIC is 46.75 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, NIC will have a dividend payout ratio of 39.56 % next year. This indicates that NIC will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, NIC insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.70% of the stock of NIC is held by insiders.Percentage Held by Institutions86.05% of the stock of NIC is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for NIC are expected to grow by 19.74% in the coming year, from $0.76 to $0.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of NIC is 31.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.37.Price to Earnings Ratio vs. SectorThe P/E ratio of NIC is 31.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.76.Price to Earnings Growth RatioNIC has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNIC has a P/B Ratio of 6.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.4Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.01 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Management consulting services Sub-IndustryInternet Software & Services SectorComputer and Technology Current SymbolNASDAQ:EGOV Previous Symbol CUSIP62914B10 CIK1065332 Webwww.egov.com Phone877-234-3468Debt Debt-to-Equity Ratio0.03 Current Ratio2.77 Quick Ratio2.77Price-To-Earnings Trailing P/E Ratio31.77 Forward P/E Ratio31.36 P/E Growth1.73 Sales & Book Value Annual Sales$354.20 million Price / Sales4.51 Cash Flow$0.97 per share Price / Cash Flow24.60 Book Value$3.72 per share Price / Book6.41Profitability EPS (Most Recent Fiscal Year)$0.77 Net Income$50.43 million Net Margins14.10% Return on Equity21.07% Return on Assets13.60%Miscellaneous Employees920 Outstanding Shares66,970,000Market Cap$1.60 billion Next Earnings Date7/29/2020 (Estimated) OptionableOptionable NASDAQ:EGOV Rates by TradingView Receive EGOV News and Ratings via Email Sign-up to receive the latest news and ratings for EGOV and its competitors with MarketBeat's FREE daily newsletter. 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EGOV stock has increased by 39.4% and is now trading at $23.83. View which stocks have been most 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 2 hold ratings, 1 buy rating 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 Wednesday, July 29th 2020. View our earnings forecast for NIC. How were NIC's earnings last quarter? NIC Inc. (NASDAQ:EGOV) posted its quarterly earnings data on Monday, April, 27th. The software maker reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The software maker had revenue of $91.10 million for the quarter, compared to the consensus estimate of $92.46 million. NIC had a net margin of 14.10% and a return on equity of 21.07%. NIC's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. View NIC's earnings history. How often does NIC pay dividends? What is the dividend yield for NIC? NIC announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.09 per share on Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, June 10th. View NIC's dividend history. What guidance has NIC issued on next quarter's earnings? NIC issued an update on its FY20 earnings guidance on Monday, April, 27th. The company provided earnings per share (EPS) guidance of $0.76 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $380.5 million, compared to the consensus revenue estimate of $385.64 million. What price target have analysts set for EGOV? 4 Wall Street analysts have issued 1 year price objectives for NIC's stock. Their forecasts range from $23.00 to $30.00. On average, they anticipate NIC's share price to reach $27.00 in the next year. This suggests a possible upside of 13.3% from the stock's current price. View analysts' price targets for NIC. Has NIC been receiving favorable news coverage? Headlines about EGOV stock have trended negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. NIC earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely 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 April. As of April 30th, there was short interest totaling 1,450,000 shares, an increase of 18.9% from the April 15th total of 1,220,000 shares. Based on an average trading volume of 455,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.2% of the company's shares are short sold. View NIC's Current Options Chain. Who are some of NIC's key competitors? Some companies that are related to NIC include Facebook (FB), Equinix (EQIX), eBay (EBAY), CoStar Group (CSGP), SEA (SE), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), Cimpress (CMPR) and Cornerstone OnDemand (CSOD). View all 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." Who are NIC's major shareholders? NIC's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.82%), Brown Capital Management LLC (5.72%), State Street Corp (3.15%), Bank of New York Mellon Corp (2.28%), Boston Trust Walden Corp (2.15%) and Eaton Vance Management (2.10%). Company insiders that own NIC stock include Stephen M Kovzan and William M Lyons. 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 APG Asset Management N.V., Deutsche Bank AG, APG Asset Management N.V., BlackRock Inc., Columbus Circle Investors, WINTON GROUP Ltd, Squarepoint Ops LLC, and Bank of New York Mellon Corp. Company insiders that have sold NIC company stock in the last year include Stephen M Kovzan, and William M Lyons. View insider buying and selling activity for NIC. Which major investors are buying NIC stock? EGOV stock was bought by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Clearbridge Investments LLC, Eaton Vance Management, Boston Trust Walden Corp, Matarin Capital Management LLC, Aviva PLC, Wellington Management Group LLP, and State Street Corp. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is NIC's stock price today? One share of EGOV stock can currently be purchased for approximately $23.83. How big of a company is NIC? NIC has a market capitalization of $1.60 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. What is NIC's official website? The official website for NIC is 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] This page was last updated on 5/29/2020 by MarketBeat.com Staff
