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NIC Inc is currently in a long term uptrend where the price is trading 58.1% above its 200 day moving average.
From a valuation standpoint, the stock is 80.6% cheaper than other stocks from the Technology sector with a price to sales ratio of 4.9.
NIC Inc's total revenue rose by 62.1% to $141M since the same quarter in the previous year.
Its net income has increased by 79.2% to $18M since the same quarter in the previous year.
Finally, its free cash flow fell by 31.0% to $7M since the same quarter in the previous year.
Based on the above factors, NIC Inc gets an overall score of 4/5.
| ISIN | US62914B1008 |
|---|---|
| CurrencyCode | USD |
| Exchange | NASDAQ |
| Industry | Software-Application |
| Sector | Technology |
| Beta | 0.29 |
|---|---|
| PE Ratio | 33.66 |
| Market Cap | 2B |
| Target Price | 30.67 |
| Dividend Yield | 1.0% |
NIC Inc., together with its subsidiaries, provides digital government services and payment solutions that enable governments to use technology to provide various services to businesses and citizens in the United States. The company operates through three segments: State Enterprise, Payments, and TourHealth. Its digital government services consist websites and applications that enable businesses and citizens to access government information through online channels, such as applying for a permit, retrieving government records, filing a government-mandated form or report, and making digital payments. The company's service offerings include business registrations and renewals; court services; driver's license renewal; health professional license services; hunting and fishing licenses; income and property tax payments; limited criminal history searches; motor vehicle driver history record retrieval; motor vehicle inspections; payment processing; prescription drug monitoring; professional license renewal; secretary of state business searches; temporary vehicle tags; uniform commercial code searches and filings; vehicle title, lien, and registration; and vital records. Its software & services business provides SaaS solutions relating to payment processing, healthcare and licensing, COVID-19 testing solutions, software development, and other digital government services under state enterprise contracts to federal, state, and local governments. In addition, the company develops and manages the pre-employment screening program for motor carriers using transaction-based business model. NIC Inc. was founded in 1992 and is headquartered in Olathe, Kansas. As of April 21, 2021, NIC Inc. operates as a subsidiary of Tyler Technologies, Inc.
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