NASDAQ:EGOVNIC Stock Price, Forecast & News

NIC's stock was trading at $17.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EGOV shares have increased by 28.3% and is now trading at $21.92.
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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."
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NIC is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for NIC.

NIC Inc. (NASDAQ:EGOV) issued its quarterly earnings data on Wednesday, July, 29th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.17 by $0.03. The software maker earned $93.59 million during the quarter, compared to analyst estimates of $91.22 million. NIC had a return on equity of 20.19% and a net margin of 13.84%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 EPS.
View NIC's earnings history.

NIC declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.09 per share on Tuesday, September 22nd. This represents a $0.36 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, September 4th.
View NIC's dividend history.

NIC updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of $0.76 for the period, compared to the Thomson Reuters consensus estimate of $0.76. The company issued revenue guidance of $380.5 million, compared to the consensus revenue estimate of $379.64 million.

4 analysts have issued 12 month price objectives for NIC's shares. 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 23.2% from the stock's current price.
View analysts' price targets for NIC.

News articles about EGOV stock have trended negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NIC earned a news impact score of -2.9 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.
View the latest news about NIC.

NIC saw a decrease in short interest in July. As of July 15th, there was short interest totaling 1,290,000 shares, a decrease of 5.8% from the June 30th total of 1,370,000 shares. Based on an average daily volume of 454,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.0% 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), SEA (SE), eBay (EBAY), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), Stamps.com (STMP), Envestnet (ENV), LogMeIn (LOGM), LivePerson (LPSN), Cimpress (CMPR) and J2 Global (JCOM).
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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 trades on the NASDAQ under the ticker symbol "EGOV."

NIC's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (1.97%), Weybosset Research & Management LLC (0.54%), Frontier Capital Management Co. LLC (0.35%), Dalton Greiner Hartman Maher & Co. (0.34%), Carolina Wealth Advisors LLC (0.18%) and SG Americas Securities LLC (0.16%). Company insiders that own NIC stock include Stephen M Kovzan, Venmal (Raji) Arasu 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 Hussman Strategic Advisors Inc., SG Americas Securities LLC, 6 Meridian, Bridge City Capital LLC, First Trust Advisors LP, New York State Teachers Retirement System, UBS Group AG, and Stone Ridge Asset Management LLC. Company insiders that have sold NIC company stock in the last year include Venmal (Raji) Arasu, and William M Lyons.
View insider buying and selling activity for NIC.

EGOV stock was purchased by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Boston Trust Walden Corp, Duality Advisers LP, Raymond James Financial Services Advisors Inc., Exchange Traded Concepts LLC, Diversified Trust Co, Sawgrass Asset Management LLC, and M&T Bank Corp.
View insider buying and selling activity 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 $21.92.

NIC has a market capitalization of $1.47 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.

The official website for NIC is 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]