NASDAQ:EGOVNIC Stock Price, Forecast & News

NIC's stock was trading at $17.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EGOV stock has increased by 38.5% and is now trading at $23.67. 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 earnings results on Monday, April, 27th. The software maker reported $0.18 earnings per share for the quarter, hitting the 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%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. View NIC's earnings history.

NIC declared a quarterly dividend on Thursday, April 23rd. Investors 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 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, June 10th. View NIC's dividend history.

NIC updated 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 EPS estimate of $0.78. The company issued revenue guidance of $380.5 million, compared to the consensus revenue estimate of $385.64 million.

4 Wall Street analysts have issued 1-year 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 14.1% from the stock's current price. View analysts' price targets for NIC.

Media stories about EGOV stock have trended very negative on Friday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. NIC earned a news sentiment score of -3.4 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 news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. 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 trading volume of 455,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.2% of the company's shares are short sold. View NIC's Current Options Chain.

Some companies that are related to NIC include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), SEA (SE), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), Cimpress (CMPR) and Cornerstone OnDemand (CSOD). 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 many different institutional and retail 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 $23.67.

NIC has a market capitalization of $1.59 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]