NASDAQ:EGOV - NIC Stock Price, Forecast & News

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

NIC announced a quarterly dividend on Monday, January 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is an increase from NIC's previous quarterly dividend of $0.08. View NIC's Dividend History.

NIC declared that its Board of Directors has initiated a share buyback plan on Friday, March 9th 2018, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

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

NIC is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for NIC.

NIC issued an update on 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 EPS 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.

3 analysts have issued 12 month price objectives for NIC's shares. Their forecasts range from $22.00 to $26.00. On average, they anticipate NIC's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View Analyst Price Targets for NIC.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIC in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NIC.

Press coverage about EGOV stock has trended very negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NIC earned a news sentiment score of -3.7 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for NIC.

NIC saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 932,600 shares, a decrease of 16.0% from the January 15th total of 1,110,000 shares. Based on an average daily volume of 304,700 shares, the short-interest ratio is presently 3.1 days. Approximately 1.4% of the shares of the stock are sold short. View NIC's Current Options Chain.

Some companies that are related to NIC include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), Akamai Technologies (AKAM), SEA (SE), J2 Global (JCOM), Envestnet (ENV), LogMeIn (LOGM), ANGI Homeservices (ANGI), Cornerstone OnDemand (CSOD), Cimpress (CMPR) and Yelp (YELP).

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).

NIC's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (2.98%), Bank of New York Mellon Corp (2.39%), Renaissance Technologies LLC (2.33%), Loomis Sayles & Co. L P (1.95%), Boston Trust Walden Corp (1.77%) and Eaton Vance Management (1.69%). Company insiders that own NIC stock include Stephen M Kovzan and William M Lyons. View Institutional Ownership Trends for NIC.

EGOV stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Thrivent Financial for Lutherans, 361 Capital LLC, State of New Jersey Common Pension Fund D, Oxford Asset Management LLP, Bank of America Corp DE and Arizona State Retirement System. 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 for NIC.

EGOV stock was purchased by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Panagora Asset Management Inc., Eaton Vance Management, Carolina Wealth Advisors LLC, Amundi Pioneer Asset Management Inc., California Public Employees Retirement System, Renaissance Technologies LLC and Great West Life Assurance Co. Can. View Insider Buying and Selling for 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.

One share of EGOV stock can currently be purchased for approximately $20.65.

NIC has a market capitalization of $1.38 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.

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

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]