NIC Inc. Declares Quarterly Dividend of $0.08 (NASDAQ:EGOV)

NIC Inc. (NASDAQ:EGOV) announced a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Wednesday, December 4th will be paid a dividend of 0.08 per share by the software maker on Wednesday, December 18th. This represents a $0.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, December 3rd.

Shares of EGOV opened at $22.69 on Monday. The firm’s 50 day simple moving average is $21.91 and its 200 day simple moving average is $19.33. The company has a market capitalization of $1.52 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.68 and a quick ratio of 2.68. NIC has a 1-year low of $11.76 and a 1-year high of $24.38.

NIC (NASDAQ:EGOV) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $90.39 million for the quarter, compared to the consensus estimate of $88.49 million. NIC had a net margin of 14.55% and a return on equity of 22.91%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. On average, equities analysts anticipate that NIC will post 0.74 earnings per share for the current year.

EGOV has been the topic of several research reports. ValuEngine downgraded shares of NIC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded shares of NIC from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, November 5th. DA Davidson raised their target price on shares of NIC from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barrington Research restated a “buy” rating and issued a $26.00 target price on shares of NIC in a report on Thursday, October 31st. Finally, BidaskClub cut shares of NIC from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.25.

About NIC

NIC 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.

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Dividend History for NIC (NASDAQ:EGOV)

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