NASDAQ:EGOV - NIC Stock Price, News, & Analysis

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$14.80 +0.25 (+1.72 %)
(As of 09/24/2018 04:00 PM ET)
Previous Close$14.55
Today's Range$14.35 - $14.80
52-Week Range$12.65 - $18.90
Volume1.06 million shs
Average Volume619,965 shs
Market Capitalization$968.45 million
P/E Ratio19.22
Dividend Yield2.08%
Beta0.68
NIC logoNIC 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 Websites and 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 and payment processing 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Management consulting services
Sub-IndustryInternet Software & Services
SectorComputer and Technology
SymbolNASDAQ:EGOV
CUSIP62914B10
Phone877-234-3468

Debt

Debt-to-Equity RatioN/A
Current Ratio2.93
Quick Ratio2.93

Price-To-Earnings

Trailing P/E Ratio19.22
Forward P/E Ratio18.73
P/E Growth1.84

Sales & Book Value

Annual Sales$336.51 million
Price / Sales2.93
Cash Flow$0.9030 per share
Price / Cash16.39
Book Value$2.54 per share
Price / Book5.83

Profitability

EPS (Most Recent Fiscal Year)$0.77
Net Income$51.61 million
Net Margins16.52%
Return on Equity33.16%
Return on Assets20.45%

Miscellaneous

Employees950
Outstanding Shares66,560,000
Market Cap$968.45 million

NIC (NASDAQ:EGOV) Frequently Asked Questions

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 Friday, August 3rd. Investors of record on Wednesday, September 5th will be paid a dividend of $0.08 per share on Wednesday, September 19th. This represents a $0.32 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, September 4th. View NIC's Dividend History.

How will NIC's stock buyback program work?

NIC declared that its Board of Directors has initiated a stock repurchase plan on Friday, March 9th 2018, which allows the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its stock is undervalued.

How were NIC's earnings last quarter?

NIC Inc. (NASDAQ:EGOV) announced its quarterly earnings data on Wednesday, August, 1st. The software maker reported $0.25 EPS for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.03. The software maker had revenue of $92.50 million for the quarter, compared to analysts' expectations of $90.36 million. NIC had a return on equity of 33.16% and a net margin of 16.52%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. View NIC's Earnings History.

When is NIC's next earnings date?

NIC is scheduled to release their next quarterly earnings announcement on Tuesday, October, 30th 2018. View Earnings Estimates for NIC.

What price target have analysts set for EGOV?

4 Wall Street analysts have issued 12 month price objectives for NIC's shares. Their predictions range from $16.00 to $18.00. On average, they anticipate NIC's share price to reach $17.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for NIC.

What is the consensus analysts' recommendation for NIC?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIC in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NIC.

What are Wall Street analysts saying about NIC stock?

Here are some recent quotes from research analysts about NIC stock:
  • 1. Barrington Research analysts commented, "We are increasing our 2019 EPS estimate to $0.72 from $0.69 reflecting the commencement of the Recreation.Gov contract in October of this year. We have a MARKET PERFORM investment rating on the shares." (8/6/2018)
  • 2. According to Zacks Investment Research, "NIC Inc. provides digital government services that enable governments to use technology to provide various services to businesses. Its Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that enable businesses and citizens to access government information online and complete transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. Its portal service offerings include motor vehicle driver history record retrieval; hunting/ fishing licenses; health professional license services; professional license renewal; business registrations and renewals; secretary of state business searches; Uniform Commercial Code searches and filings; limited criminal history searches; court services; vital records; income and property tax payments; and payment processing products and services. " (5/9/2018)

Who are some of NIC's key competitors?

Who are NIC's key executives?

NIC's management team includes the folowing people:
  • Mr. Harry H. Herington, Chairman & CEO (Age 58)
  • Mr. Stephen M. Kovzan, Chief Financial Officer (Age 49)
  • Mr. Robert W. Knapp Jr., Chief Operating Officer (Age 49)
  • Mr. William A. Van Asselt, Gen. Counsel & Sec. (Age 43)
  • Ms. Jayne Friedland Holland, Chief Security Officer (Age 54)

Who are NIC's major shareholders?

NIC's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.66%), First Trust Advisors LP (6.76%), FMR LLC (3.56%), Dimensional Fund Advisors LP (3.25%), Bank of New York Mellon Corp (3.08%) and Bank of New York Mellon Corp (3.08%). Company insiders that own NIC stock include Alexander C Kemper, Robert W Knapp and Ross C Hartley. 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 FMR LLC, Laurion Capital Management LP, BTIM Corp., Financial Counselors Inc., Cowen Prime Services LLC, Zebra Capital Management LLC, BNP Paribas Arbitrage SA and Systematic Financial Management LP. View Insider Buying and Selling for NIC.

Which major investors are buying NIC stock?

EGOV stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Segall Bryant & Hamill LLC, First Trust Advisors LP, Spark Investment Management LLC, Schwab Charles Investment Management Inc., Mackay Shields LLC, State Board of Administration of Florida Retirement System and Conestoga Capital Advisors LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is NIC's stock price today?

One share of EGOV stock can currently be purchased for approximately $14.80.

How big of a company is NIC?

NIC has a market capitalization of $968.45 million and generates $336.51 million in revenue each year. The software maker earns $51.61 million in net income (profit) each year or $0.77 on an earnings per share basis. NIC employs 950 workers across the globe.

What is NIC's official website?

The official website for NIC is http://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]


MarketBeat Community Rating for NIC (NASDAQ EGOV)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  275 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  628
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.
This page was last updated on 9/24/2018 by MarketBeat.com Staff

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