NASDAQ:EGOVNIC Stock Price, Forecast & News

NIC's stock was trading at $17.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EGOV stock has increased by 30.5% and is now trading at $22.30. View which stocks have been most impacted by Coronavirus.

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.

NIC is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for NIC.

NIC Inc. (NASDAQ:EGOV) issued its quarterly earnings results on Monday, April, 27th. The software maker reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.18. The software maker had revenue of $91.10 million for the quarter, compared to analyst estimates of $92.46 million. NIC had a return on equity of 21.07% and a net margin of 14.10%. NIC's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. View NIC's earnings history.

NIC announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.09 per share on Thursday, June 25th. This represents a $0.36 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, June 10th. View NIC's dividend history.

NIC issued an update on its FY20 earnings guidance on Monday, April, 27th. The company provided earnings per share (EPS) guidance of $0.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.78. The company issued revenue guidance of $380.5 million, compared to the consensus revenue estimate of $385.64 million.

4 equities research 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 twelve months. This suggests a possible upside of 21.1% from the stock's current price. View analysts' price targets for NIC.

News stories about EGOV stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. NIC earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 0.0 out of 10, meaning that recent media 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.

NIC saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,310,000 shares, an increase of 10.1% from the June 15th total of 1,190,000 shares. Based on an average trading volume of 509,500 shares, the short-interest ratio is presently 2.6 days. Currently, 2.0% of the shares of the company are short sold. View NIC's Current Options Chain.

Some companies that are related to NIC include Facebook (FB), Equinix (EQIX), eBay (EBAY), SEA (SE), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), LivePerson (LPSN), J2 Global (JCOM) and SPS Commerce (SPSC). View all competitors.

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 institutional and retail investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.34%), Whittier Trust Co. (0.11%), Whittier Trust Co. of Nevada Inc. (0.04%), Envestnet Asset Management Inc. (0.03%), Diversified Trust Co (0.02%) and 6 Meridian (0.02%). 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 6 Meridian. 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 acquired by a variety of institutional investors in the last quarter, including Diversified Trust Co, Envestnet Asset Management Inc., Whittier Trust Co. of Nevada Inc., Dalton Greiner Hartman Maher & Co., and Whittier Trust Co.. 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 $22.30.

NIC has a market capitalization of $1.49 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]