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 40.8% and is now trading at $24.06. 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) posted its quarterly earnings data on Monday, April, 27th. The software maker reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 14.10% and a return on equity of 21.07%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. View NIC's earnings history.

NIC declared 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 1.50%. 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 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 target prices 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 12.2% from the stock's current price. View analysts' price targets for NIC.

Headlines about EGOV stock have been trending negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of 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 negative five to five, with scores nearest to five being the most favorable. NIC earned a coverage optimism score of -2.6 on InfoTrie's scale. They also assigned news headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutNIC.

NIC saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,450,000 shares, an increase of 18.9% from the April 15th total of 1,220,000 shares. Based on an average daily trading volume, of 455,600 shares, the days-to-cover ratio is currently 3.2 days. Currently, 2.2% of the company's stock are sold short. 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), Verisign (VRSN), Twitter (TWTR), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), Cimpress (CMPR) and LivePerson (LPSN). 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.82%), Brown Capital Management LLC (5.72%), State Street Corp (3.15%), Bank of New York Mellon Corp (2.28%), Boston Trust Walden Corp (2.15%) and Eaton Vance Management (2.10%). Company insiders that own NIC stock include Stephen M Kovzan 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 APG Asset Management N.V., Deutsche Bank AG, APG Asset Management N.V., BlackRock Inc., Columbus Circle Investors, WINTON GROUP Ltd, Squarepoint Ops LLC, and Bank of New York Mellon Corp. Company insiders that have sold NIC company stock in the last year include Stephen M Kovzan, and William M Lyons. View insider buying and selling activity for NIC.

EGOV stock was bought by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Clearbridge Investments LLC, Eaton Vance Management, Boston Trust Walden Corp, Matarin Capital Management LLC, Aviva PLC, Wellington Management Group LLP, and State Street 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 $24.06.

NIC has a market capitalization of $1.61 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]