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 $22.94 +0.52 (+2.32 %) (As of 04/3/2020 04:00 PM ET) Add Compare Share Today's Range$22.20Now: $22.94▼$23.0350-Day Range$16.08MA: $19.44▼$23.1452-Week Range$15.48Now: $22.94▼$24.38Volume677,406 shsAverage Volume622,745 shsMarket Capitalization$1.56 billionP/E Ratio31.00Dividend Yield1.61%Beta0.32 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider 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™ 1.6 Analyst's Opinion Consensus RatingNIC has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.67, NIC has a potential upside of 7.5% from its current price of $22.94.Amount of Analyst CoverageNIC has only been the subject of 3 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesNIC has received 359 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNIC has received 512 “underperform” votes. (Add your “underperform” vote.)Community SentimentNIC has received 58.78% “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 1.61%, 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 Institutions87.26% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for NIC are expected to grow by 16.67% in the coming year, from $0.78 to $0.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of NIC is 31.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.15.Price to Earnings Ratio vs. SectorThe P/E ratio of NIC is 31.00, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 29.75.Price to Earnings Growth RatioNIC has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNIC has a P/B Ratio of 6.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.6Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.74 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 Webhttp://www.egov.com/ Phone877-234-3468Debt Debt-to-Equity Ratio0.03 Current Ratio3.11 Quick Ratio3.11Price-To-Earnings Trailing P/E Ratio31.00 Forward P/E Ratio29.41 P/E Growth1.6 Sales & Book Value Annual Sales$354.20 million Price / Sales4.39 Cash Flow$0.98 per share Price / Cash Flow23.37 Book Value$3.67 per share Price / Book6.25Profitability EPS (Most Recent Fiscal Year)$0.77 Net Income$50.43 million Net Margins14.24% Return on Equity22.11% Return on Assets14.19%Miscellaneous Employees920 Outstanding Shares67,830,000Market Cap$1.56 billion Next Earnings Date5/4/2020 (Estimated) OptionableOptionable 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. NASDAQ:EGOV Rates by TradingView 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 reached pandemic status according to the World Health Organization. Since then, EGOV stock has increased by 34.2% and is now trading at $22.94. 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) issued its quarterly earnings results on Wednesday, January, 29th. The software maker reported $0.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate 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 return on equity of 22.11% and a net margin of 14.24%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. 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. Shareholders of record on Wednesday, March 4th will be given 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 1.57%. 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. What guidance has NIC issued on next quarter's earnings? NIC issued an update on its FY20 earnings guidance on Wednesday, January, 29th. The company provided 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 brokerages have issued 1-year target prices for NIC's stock. Their forecasts range from $22.00 to $26.00. On average, they anticipate NIC's stock price to reach $24.67 in the next year. This suggests a possible upside of 7.5% from the stock's current price. View analysts' price targets for NIC. Has NIC been receiving favorable news coverage? News articles about EGOV stock have trended very negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NIC earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 0.0 out of 10, meaning 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 during 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 short-interest ratio is currently 3.3 days. Approximately 1.9% 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), Verisign (VRSN), CoStar Group (CSGP), Twitter (TWTR), Akamai Technologies (AKAM), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), ANGI Homeservices (ANGI), Stamps.com (STMP), Cornerstone OnDemand (CSOD) and SPS Commerce (SPSC). 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 $22.94. How big of a company is NIC? NIC has a market capitalization of $1.56 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] This page was last updated on 4/4/2020 by MarketBeat.com StaffFeatured Article: How to Calculate Compound Annual Growth Rate (CAGR)
