NIC Inc. is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses. In the primary outsourced portal businesses, the Company enters into contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. Its software and services businesses include its subsidiaries that provide software development and payment processing services, other than outsourced portal services, to state and local governments, as well as federal agencies. The Company's outsourced portal businesses include interactive government services (IGS), driver history records (DHR), Portal software development and services, and Portal management.
Industry, Sector and Symbol:
- Sector: Technology
- Industry: Internet Services - NEC
- Sub-Industry: Internet Software & Services
- Symbol: NASDAQ:EGOV
- CUSIP: 62914B10
- Web: www.egov.com/
Capitalization:- Market Cap: $1.0669 billion
- Outstanding Shares: 66,267,000
Average Prices:- 50 Day Moving Avg: $17.47
- 200 Day Moving Avg: $20.04
- 52 Week Range: $15.75 - $25.90
P/E:- Trailing P/E Ratio: 18.65
- Foreward P/E Ratio: 20.06
- P/E Growth: 2.18
Sales & Book Value:- Annual Revenue: $327.22 million
- Price / Sales: 3.21
- Book Value: $2.29 per share
- Price / Book: 6.92
Dividend:- Annual Dividend: $0.32
- Dividend Yield: 2.0%
Profitability:- EBIDTA: $83.34 million
- Net Margins: 14.96%
- Return on Equity: 34.45%
- Return on Assets: 21.26%
Debt:- Current Ratio: 2.68%
- Quick Ratio: 2.68%
Misc:- Average Volume: 521,464 shs.
- Beta: 0.42
- Short Ratio: 12.5
Frequently Asked Questions for NIC (NASDAQ:EGOV)
What is NIC's stock symbol?
NIC trades on the NASDAQ under the ticker symbol "EGOV."
How often does NIC pay dividends? What is the dividend yield for NIC?
NIC declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.08 per share on Wednesday, September 20th. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, September 1st. View NIC's Dividend History.
How were NIC's earnings last quarter?
NIC Inc. (NASDAQ:EGOV) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.19 EPS for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.01. The company earned $85.30 million during the quarter, compared to analyst estimates of $83.57 million. NIC had a net margin of 14.96% and a return on equity of 34.45%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. View NIC's Earnings History.
When will NIC make its next earnings announcement?
Where is NIC's stock going? Where will NIC's stock price be in 2017?
7 brokerages have issued 12-month price targets for NIC's stock. Their forecasts range from $16.00 to $23.00. On average, they anticipate NIC's stock price to reach $19.67 in the next year. View Analyst Ratings for NIC.
What are analysts saying about NIC stock?
Here are some recent quotes from research analysts about NIC stock:
- 1. Maxim Group analysts commented, "Texas has released its Request for Offer (RFO) for Texas.gov, where EGOV is the vendor and this contract generated 20% of 2016 revenue or about $63 million." (7/21/2017)
- 2. According to Zacks Investment Research, "NIC Inc. is a provider of Internet-based, electronic government services that help governments use the Internet to reduce costs and provide a higher level of service to businesses and citizens. They accomplish this currently through three different business segments: state and local portal businesses, government procurement business and eGovernment products businesses. " (7/18/2017)
Who are some of NIC's key competitors?
Some companies that are related to NIC include Moneysupermarket.Com Group PLC (MONY), TrueCar (TRUE), Yext (YEXT), Shutterstock (SSTK), Blucora (BCOR), Liberty TripAdvisor Holdings (LTRPA), Angie's List (ANGI), Tucows (TCX), Care.com (CRCM), Gocompare.Com Group PLC (GOCO), Iomart Group Plc (IOM), Hostelworld Group PLC (HSW), Rhythmone PLC (RTHM), Leaf Group Ltd (LFGR), Minds + Machines Group Ltd (MMX), Centralnic Group PLC (CNIC), Connecture (CNXR) and EU supply PLC (EUSP).
Who are NIC's key executives?
NIC's management team includes the folowing people:
- Harry H. Herington, Chairman of the Board, Chief Executive Officer
- Stephen M. Kovzan, Chief Financial Officer
- Robert W. Knapp Jr., Chief Operating Officer
- William A. Van Asselt, General Counsel
- Jayne Friedland Holland J.D., Chief Security Officer
- Art N. Burtscher, Lead Independent Director
- Venmal Arasu, Independent Director
- Karen S. Evans, Independent Director
- Ross C. Hartley, Independent Director
- C. Brad Henry J.D., Independent Director
Who owns NIC stock?
NIC's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.29%), Vanguard Group Inc. (9.00%), TimesSquare Capital Management LLC (3.23%), Dimensional Fund Advisors LP (3.15%), Conestoga Capital Advisors LLC (2.57%) and State Street Corp (2.40%). Company insiders that own NIC stock include Alexander C Kemper, Harry Herington, Jayne Holland, Peter B Wilson, Robert W Knapp, Ross C Hartley, William F Bradley Jr, William F Bradley, Jr and William M Lyons. View Institutional Ownership Trends for NIC.
Who sold NIC stock? Who is selling NIC stock?
NIC's stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Jackson Square Partners LLC, Federated Investors Inc. PA, New York State Common Retirement Fund, The Manufacturers Life Insurance Company , Bessemer Group Inc., Nationwide Fund Advisors and Robeco Institutional Asset Management B.V.. Company insiders that have sold NIC stock in the last year include Alexander C Kemper, Robert W Knapp and Ross C Hartley. View Insider Buying and Selling for NIC.
Who bought NIC stock? Who is buying NIC stock?
NIC's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, FMR LLC, Strs Ohio, Marshall Wace North America L.P., BTIM Corp., Citadel Advisors LLC and American Century Companies Inc.. View Insider Buying and Selling for NIC.
How do I buy NIC stock?
Shares of NIC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is NIC's stock price today?
One share of NIC stock can currently be purchased for approximately $15.85.
MarketBeat Community Rating for NIC (NASDAQ EGOV)MarketBeat's community ratings are surveys of what our community members think about NIC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for NIC (NASDAQ:EGOV) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 5 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $19.67 (24.08% upside) |
Analysts' Ratings History for NIC (NASDAQ:EGOV)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/3/2017 | Maxim Group | Set Price Target | Hold | $16.00 | Low |  |
| 7/21/2017 | Sidoti | Downgrade | Buy -> Neutral | $19.00 | Medium | |
| 7/17/2017 | Imperial Capital | Upgrade | In-Line -> Outperform | $23.00 | High | |
| 6/28/2017 | DA Davidson | Initiated Coverage | Neutral -> Neutral | $20.00 | Low | |
| 2/14/2017 | Loop Capital | Initiated Coverage | Hold | $22.00 | N/A | |
| 2/2/2017 | Avondale Partners | Downgrade | Market Perform -> Underperform | $18.00 | N/A | |
| 1/3/2017 | Barrington Research | Downgrade | Outperform -> Market Perform | | N/A | |
| 8/17/2015 | Stephens | Downgrade | Overweight -> Equal Weight | $21.00 | N/A | |
(Data available from 8/16/2015 forward)
Earnings History for NIC (NASDAQ:EGOV)Earnings History by Quarter for NIC (NASDAQ EGOV)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/2/2017 | | $0.19 | | | | | N/A | |
| 8/2/2017 | Q2 2017 | $0.18 | $0.19 | $83.57 million | $85.30 million | View | Listen | |
| 5/1/2017 | Q1 2017 | $0.18 | $0.21 | $81.99 million | $83.20 million | View | Listen | |
| 2/1/2017 | Q416 | $0.15 | $0.20 | $76.41 million | $78.30 million | View | Listen | |
| 11/3/2016 | Q316 | $0.18 | $0.24 | $80.04 million | $80.37 million | View | N/A | |
| 8/4/2016 | Q216 | $0.18 | $0.20 | $80.90 million | $80.81 million | View | N/A | |
| 5/2/2016 | Q116 | $0.15 | $0.19 | $74.89 million | $78.39 million | View | N/A | |
| 2/4/2016 | Q415 | $0.14 | $0.13 | $71.75 million | $71.16 million | View | N/A | |
| 11/5/2015 | Q315 | $0.17 | $0.19 | $74.76 million | $75.05 million | View | N/A | |
| 8/6/2015 | Q215 | $0.16 | $0.17 | $76.18 million | $75.80 million | View | N/A | |
| 5/4/2015 | Q115 | $0.15 | $0.14 | $70.70 million | $70.40 million | View | N/A | |
| 2/5/2015 | Q414 | $0.13 | $0.12 | $66.70 million | $66.00 million | View | N/A | |
| 11/6/2014 | Q314 | $0.15 | $0.16 | $67.70 million | $69.40 million | View | N/A | |
| 8/7/2014 | Q214 | $0.15 | $0.17 | $68.62 million | $71.20 million | View | N/A | |
| 5/5/2014 | Q114 | $0.14 | $0.14 | $66.08 million | $65.40 million | View | N/A | |
| 2/6/2014 | Q413 | $0.12 | $0.11 | $62.67 million | $60.80 million | View | N/A | |
| 11/7/2013 | Q313 | $0.11 | $0.08 | $61.45 million | $61.30 million | View | N/A | |
| 8/1/2013 | Q2 2013 | $0.11 | $0.16 | $60.55 million | $65.90 million | View | N/A | |
| 5/6/2013 | Q1 2013 | $0.11 | $0.15 | $57.68 million | $61.20 million | View | N/A | |
| 2/7/2013 | Q4 2012 | $0.10 | $0.13 | $52.86 million | $57.20 million | View | N/A | |
| 11/8/2012 | Q312 | $0.10 | $0.09 | $53.72 million | $53.20 million | View | N/A | |
| 8/2/2012 | | $0.09 | $0.09 | | | View | N/A | |
| 4/30/2012 | | $0.09 | $0.09 | | | View | N/A | |
| 2/2/2012 | | $0.09 | $0.08 | | | View | N/A | |
| 11/3/2011 | | $0.09 | $0.11 | | | View | N/A | |
| 8/2/2011 | | $0.08 | $0.09 | | | View | N/A | |
| 5/2/2011 | | $0.07 | $0.08 | | | View | N/A | |
| 2/3/2011 | | $0.06 | $0.08 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for NIC (NASDAQ:EGOV)2017 EPS Consensus Estimate: $0.71
2018 EPS Consensus Estimate: $0.80
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.19 | $0.19 | $0.19 |
| Q2 2017 | 3 | $0.18 | $0.19 | $0.18 |
| Q3 2017 | 3 | $0.18 | $0.19 | $0.19 |
| Q4 2017 | 3 | $0.14 | $0.17 | $0.15 |
| Q1 2018 | 3 | $0.21 | $0.22 | $0.21 |
| Q2 2018 | 3 | $0.21 | $0.22 | $0.21 |
| Q3 2018 | 3 | $0.20 | $0.21 | $0.20 |
| Q4 2018 | 3 | $0.16 | $0.17 | $0.17 |
(Data provided by Zacks Investment Research)
Current Dividend Information for NIC (NASDAQ:EGOV)| Next Dividend: | 9/20/2017 |
| Annual Dividend: | $0.32 |
| Dividend Yield: | 2.02% |
| Payout Ratio: | 38.10% (Trailing 12 Months of Earnings)
43.24% (Based on This Year's Estimates)
40.51% (Based on Next Year's Estimates)
|
Dividend History by Quarter for NIC (NASDAQ EGOV)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/3/2017 | quarterly | $0.08 | 1.98% | 9/1/2017 | 9/6/2017 | 9/20/2017 |
| 5/4/2017 | quarterly | $0.08 | 1.53% | 6/2/2017 | 6/6/2017 | 6/20/2017 |
| 2/2/2017 | quarterly | $0.08 | 1.46% | 3/3/2017 | 3/7/2017 | 3/21/2017 |
| 11/4/2016 | special | $0.65 | | 11/14/2016 | 11/16/2016 | 12/9/2016 |
| 11/5/2015 | special | $0.55 | | 11/10/2015 | 11/13/2015 | 1/4/2016 |
| 10/28/2014 | special | $0.50 | | 11/5/2014 | 11/7/2014 | 11/20/2014 |
| 10/29/2013 | special | $0.35 | | 11/6/2013 | 11/8/2013 | 1/2/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for NIC (NASDAQ:EGOV)Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 92.55%
Insider Trades by Quarter for NIC (NASDAQ:EGOV)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/22/2017 | Robert W Knapp | COO | Sell | 25,000 | $20.38 | $509,500.00 | |
| 3/22/2017 | Alexander C Kemper | Director | Sell | 7,000 | $20.85 | $145,950.00 | |
| 1/9/2017 | Ross C Hartley | Director | Sell | 69,800 | $24.21 | $1,689,858.00 | |
| 1/5/2017 | Ross C Hartley | Director | Sell | 85,174 | $24.41 | $2,079,097.34 | |
| 1/4/2017 | Ross C Hartley | Director | Sell | 95,026 | $24.13 | $2,292,977.38 | |
| 12/12/2016 | Ross C Hartley | Director | Sell | 240,458 | $25.19 | $6,057,137.02 | |
| 8/11/2016 | Jayne Holland | Insider | Sell | 2,000 | $23.35 | $46,700.00 | |
| 2/9/2016 | William M Lyons | Director | Buy | 2,000 | $16.65 | $33,300.00 | |
| 12/4/2015 | Harry Herington | CEO | Sell | 30,224 | $20.58 | $622,009.92 | |
| 12/1/2015 | Harry Herington | CEO | Sell | 65,883 | $20.51 | $1,351,260.33 | |
| 11/27/2015 | Harry Herington | CEO | Sell | 34,243 | $20.29 | $694,790.47 | |
| 11/24/2015 | Harry Herington | CEO | Sell | 73,865 | $19.98 | $1,475,822.70 | |
| 11/19/2015 | Harry Herington | CEO | Sell | 46,310 | $19.77 | $915,548.70 | |
| 11/17/2015 | Harry Herington | CEO | Sell | 49,475 | $19.65 | $972,183.75 | |
| 11/11/2015 | Robert W Knapp | COO | Sell | 20,000 | $20.00 | $400,000.00 | |
| 8/28/2015 | Peter B Wilson | Director | Sell | 33,040 | $18.74 | $619,169.60 | |
| 8/24/2015 | William F. Bradley, Jr. | CAO | Sell | 40,000 | $18.67 | $746,800.00 | |
| 8/20/2015 | William F. Bradley, Jr. | CAO | Sell | 40,000 | $19.22 | $768,800.00 | |
| 8/18/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $19.75 | $790,000.00 | |
| 8/14/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $19.93 | $797,200.00 | |
| 3/13/2015 | William F Bradley Jr | CAO | Sell | 8,450 | $17.10 | $144,495.00 | |
| 3/12/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.17 | $686,800.00 | |
| 3/9/2015 | William F Bradley Jr | CAO | Sell | 31,550 | $17.52 | $552,756.00 | |
| 3/5/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.58 | $703,200.00 | |
| 3/3/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.60 | $704,000.00 | |
| 2/27/2015 | William F Bradley Jr | CAO | Sell | 40,000 | $17.75 | $710,000.00 | |
| 12/26/2014 | Aimi Daughtery | CAO | Sell | 20,000 | $18.75 | $375,000.00 | |
| 12/18/2014 | Alexander C Kemper | Director | Sell | 11,000 | $18.00 | $198,000.00 | |
| 8/15/2014 | Stephen M Kovzan | CFO | Sell | 75,000 | $18.87 | $1,415,250.00 | |
| 8/12/2014 | Robert W Knapp | COO | Sell | 15,000 | $18.79 | $281,850.00 | |
| 11/8/2013 | William Bradley, Jr. | CAO | Sell | 46,250 | $22.77 | $1,053,112.50 | |
| 11/6/2013 | William Bradley, Jr. | CAO | Sell | 17,500 | $23.10 | $404,250.00 | |
| 8/12/2013 | Ross Hartley | Director | Sell | 55,145 | $22.88 | $1,261,717.60 | |
| 8/9/2013 | Ron Thornburgh | SVP | Sell | 2,500 | $22.91 | $57,275.00 | |
| 8/9/2013 | Ross Hartley | Director | Sell | 286,097 | $22.91 | $6,554,482.27 | |
| 8/7/2013 | Ross Hartley | Director | Sell | 158,758 | $23.02 | $3,654,609.16 | |
| 6/14/2013 | Robert W Knapp | COO | Sell | 6,000 | $16.13 | $96,780.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for NIC (NASDAQ:EGOV)
Latest Headlines for NIC (NASDAQ:EGOV)
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NIC (EGOV) Chart for Wednesday, August, 16, 2017
