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 $22.55 +0.63 (+2.87 %) (As of 08/3/2020 03:57 PM ET) Add Compare Share Today's Range$22.01Now: $22.55▼$22.6350-Day Range$21.63MA: $22.59▼$25.4052-Week Range$15.49Now: $22.55▼$25.94Volume13,991 shsAverage Volume358,345 shsMarket Capitalization$1.51 billionP/E Ratio30.47Dividend Yield1.64%Beta0.3 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 19.8% from its current price of $22.54.Amount of Analyst CoverageNIC has only been the subject of 1 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesNIC has received 368 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNIC has received 523 “underperform” votes. (Add your “underperform” vote.)Community SentimentNIC has received 58.70% “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 2.5 Dividend Strength Dividend YieldNIC pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.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 sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $46,040.00 in company stock.Percentage Held by InsidersOnly 2.70% of the stock of NIC is held by insiders.Percentage Held by Institutions86.21% 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 30.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.41.Price to Earnings Ratio vs. SectorThe P/E ratio of NIC is 30.46, 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 41.21.Price to Book Value per Share RatioNIC has a P/B Ratio of 6.14. 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: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.85 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Business services, not elsewhere classified 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 Ratio2.92 Quick Ratio2.92Price-To-Earnings Trailing P/E Ratio30.47 Forward P/E Ratio29.67 P/E GrowthN/A Sales & Book Value Annual Sales$354.20 million Price / Sales4.27 Cash Flow$0.99 per share Price / Cash Flow22.85 Book Value$3.67 per share Price / Book6.14Profitability EPS (Most Recent Fiscal Year)$0.77 Net Income$50.43 million Net Margins13.84% Return on Equity20.19% Return on Assets13.19%Miscellaneous Employees920 Outstanding Shares67,020,000Market Cap$1.51 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $22.55 +0.63 (+2.87 %) (As of 08/3/2020 03:57 PM ET) 30 days | 90 days | 365 days | Advanced Chart 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, EGOV stock has increased by 31.9% and is now trading at $22.55. 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, November 4th 2020. View our earnings forecast for NIC. How were NIC's earnings last quarter? NIC Inc. (NASDAQ:EGOV) posted its quarterly earnings data on Wednesday, July, 29th. The software maker reported $0.20 EPS for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.03. The software maker earned $93.59 million during the quarter, compared to the consensus estimate of $91.22 million. NIC had a return on equity of 20.19% and a net margin of 13.84%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. View NIC's earnings history. How often does NIC pay dividends? What is the dividend yield for NIC? NIC declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.09 per share on Tuesday, September 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, September 4th. View NIC's dividend history. What guidance has NIC issued on next quarter's earnings? NIC updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided earnings per share 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. What price target have analysts set for EGOV? 4 brokers have issued 12-month price targets for NIC's shares. Their forecasts range from $23.00 to $30.00. On average, they expect NIC's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price. View analysts' price targets for NIC. Has NIC been receiving favorable news coverage? Media headlines about EGOV stock have trended somewhat positive this week, according to InfoTrie. The research group scores the sentiment of news 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 negative five to five, with scores nearest to five being the most favorable. NIC earned a news impact score of 1.6 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about NIC. Are investors shorting NIC? NIC saw a decrease in short interest in the month of 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 trading volume, of 454,900 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.0% of the company's shares are sold short. 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), 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). 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 a number of retail and institutional investors. Top institutional investors 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. Which major investors are selling NIC stock? 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. Which major investors are buying NIC stock? 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 DC Investments Management LLC. 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 $22.55. How big of a company is NIC? NIC has a market capitalization of $1.51 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 8/3/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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