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NIC Inc. (EGOV)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.53-0.20 (-0.96%)
As of 12:08PM EDT. Market open.
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  • J
    JeffreyT
    Company finally landed a new state, IA. Even if it's a small one. If they can build on this small success, the future could be very bright indeed. The time is certainly right for these services.
  • J
    Josh
    Haven't done much research on the 4Q results yet, I just read a summary. Other than the tax rate being fairly high for Q4 2017 compared to Q4 2016, what went wrong? They seemed to have beat numbers. Does anyone have any idea? Thank you.
  • O
    Opa
    The way EGOV is moving today--up 61¢--it looks like someone feels NIC is going to report a good 2nd quarter in two weeks.
  • R
    Raddison
    Anybody know what's up? 4x volume before lunch and down over 7%. No press release or news that I can find. Maybe some major holder exiting or lowering position?
  • C
    ChrisW
    It's been tough holding on to this thing through the last year, $25 to $16.50 now. Wish they could break through into the Federal contracts. Everyone seems to be waiting for news.
  • O
    Opa
    I can't find anything in the news to explain today's 8+% rise. Either something in happening with Texas or the MM's caught the shorts with their pants down and tripped their stoploss orders. The volume is huge, over 1.75 million shares vs usual 400-500K.
  • J
    Josh
    I decided to sell out of this position... I remind myself you have to know when you've lost. Oh well, on to the next one!
  • Y
    Yahoo Finance Insights
    NIC is down 5.33% to 21.13
  • O
    Opa
    EGOV pops up and down, usually on relatively small volume, because some insider or large shareholder is selling and the MM's are taking them to the cleaners.All this technical BS you see about money flow is just to sell advisory services. The company's growth, after recovering from the loss of the Texas portal contract, has been and will be pretty steady, and they should be quite profitable. Secular growth, from new apps installed in each of their states, and from general economic growth, should continue. It may be that their ventures into specialties will pay off. Pot licensing, for example. I know someone in the insurance industry who has joined a startup which is creating insurance products for the legal marijuana industry in 28 states. There are so many roles in that industry, growing, processing, distribution, testing and certification, and medical and recreational retail, that licensing may become a very important big app.
  • O
    Opa
    There are two possible reasons for the big drop today. Either someone knows something negative about EGOV which is not public information or some substantial holder--not likely an insider--wanted to reduce their position and either tripped some stops of got taken to the cleaners by the market-makers. Such a drop is likely to have triggered an inquiry by NASDAQ asking management if there were any reason they knew which would account for the drop. Since we didn't see any news, I suspect a big holder sold and got taken to the cleaners.

    IMHO EGOV is below the $17-18 price range where it should be.
  • C
    ChrisW
    EGOV has always had a pretty high tax-rate (at least compared to some other companies). I wonder if this tax bill will help them more than expected...
  • O
    Opa
    This kind of headline can't hurt:


    NIC (EGOV) Rating Increased to Outperform at Barrington Research

    NIC Inc. (EGOV) Received $19.75 Consensus Target Price from Analysts
  • K
    Kevin
    Wow...a 30% pop and not a word from anyone...regretting jumping out with a 12% gain a while back...congrats to the longs!
  • O
    Opa
    Every state where NIC is either incumbent or trying to become incumbent offers lots of opportunities for their employees and contractors to know things not known by the general public. That results in opportunities for such people--or their cousins and their sisters and their aunts--to try trading on non-public information. Control of the actions of people associated with NIC's counterparties is--beyond cautionary warnings which I am sure are issued--is not within NIC's power.
  • C
    ChrisW
    Anyone know what today's move was about?
  • J
    JeffreyT
    Still strong after several days. I'd almost given up on this one!
  • O
    Opa
    The analyst at Sidoti changed EGOV from a Buy to a Hold. 85¢ (over 4%) was a pretty extreme reaction to that change, especially when other analysts price the stock at $18-$19.
  • J
    JeffreyT
    Texas accounts for 20% of revenues and stock lost 20% today. Unfortunately it had already lost 20% when it was just a rumour. Seems overdone but management seemed shell shocked on CC.
  • I
    Idk
    Yup was gonna hold till I broke at least even. Got in at 16 like 1.5 years ago. Finally out. NO IDEA if this was a good move but gains are gains. Time will tell
  • B
    Brindavan
    can anyone share why this is Red even today when the overall market is green?