NASDAQ:EGOV - NIC Stock Price, Forecast & News

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

NIC declared 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 annualized dividend and a dividend yield of 1.88%. 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 authorized a stock buyback plan on Friday, March 9th 2018, which permits the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

NIC Inc. (NASDAQ:EGOV) announced its earnings results on Wednesday, January, 29th. The software maker reported $0.15 earnings per share 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 the consensus estimate 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 company posted $0.15 EPS. 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 updated 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.

3 brokerages have issued 1 year price targets for NIC's shares. Their forecasts range from $22.00 to $26.00. On average, they expect NIC's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 25.0% 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.

News headlines about EGOV stock have trended negative on Thursday, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. 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 news sentiment score of -2.0 on InfoTrie's scale. They also assigned news headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for NIC.

NIC saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 1,120,000 shares, an increase of 20.1% from the January 30th total of 932,600 shares. Based on an average trading volume of 312,500 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.7% of the company's stock are short sold. 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), SEA (SE), Akamai Technologies (AKAM), J2 Global (JCOM), LogMeIn (LOGM), Envestnet (ENV), ANGI Homeservices (ANGI), Cimpress (CMPR), Stamps.com (STMP) and Cornerstone OnDemand (CSOD).

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 a variety of of institutional and retail investors. Top institutional shareholders 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 $19.20.

NIC has a market capitalization of $1.29 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]