Stephen Kovzan - NIC CFO
CFO
Mr. Stephen M. Kovzan serves as Chief Financial Officer of NIC Inc. Kovzan has served as the Companys Chief Financial Officer since August 2007. Mr. Kovzan joined the Company in October 1999 and served as the Companys Controller until September 2000, at which time he became the Companys Vice President of Financial Operations and Chief Accounting Officer, serving as such until August 2007. Mr. Kovzan currently serves as a manager and officer of various subsidiaries of NICUSA, Inc. Prior to joining the Company, Mr. Kovzan served as a business assurance manager with PricewaterhouseCoopers LLP since 2007.
Age | 49 |
Tenure | 17 years |
Phone | 877 234-3468 |
Web | www.egov.com |
NIC Management Efficiency
The company has return on total asset (ROA) of 13.22 % which means that it generated a profit of $13.22 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of 25.45 %, meaning that it created $25.45 on every $100 dollars invested by stockholders. NIC's management efficiency ratios could be used to measure how well NIC manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 11.25 M in liabilities with Debt to Equity (D/E) ratio of 0.04, which may suggest the company is not taking enough advantage from borrowing. NIC Inc has a current ratio of 2.58, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist NIC until it has trouble settling it off, either with new capital or with free cash flow. So, NIC's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NIC Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NIC to invest in growth at high rates of return. When we think about NIC's use of debt, we should always consider it together with cash and equity.
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Management Performance
Return On Equity | 25.45 | |||
Return On Asset | 13.22 |
NIC Inc Leadership Team
Elected by the shareholders, the NIC's board of directors comprises two types of representatives: NIC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NIC. The board's role is to monitor NIC's management team and ensure that shareholders' interests are well served. NIC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NIC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brad Henry, Independent Director | ||
William Lyons, Independent Director | ||
Jayne Holland, Chief Security Officer | ||
Brian Anderson, CTO | ||
Harry Herington, Chairman of The Board and CEO | ||
Doug Rogers, Senior Vice President - Business Development | ||
Angela Davied, Director of Communications | ||
Stephen Kovzan, CFO | ||
Art Burtscher, Lead Independent Director | ||
Karen Evans, Independent Director | ||
Aimi Daughtery, Chief Accounting Officer | ||
Peter Wilson, Independent Director | ||
Alexander Kemper, Independent Director | ||
Anthony Scott, Independent Director | ||
Robert Knapp, COO | ||
Tony Scott, Director | ||
Ross Hartley, Co-Founder and Director | ||
Jayaprakash Vijayan, Director | ||
Venmal Arasu, Independent Director | ||
Douglas Rogers, Senior Vice President - Business Development | ||
Ron Thornburgh, Sr. VP of Bus. Devel. | ||
William Asselt, General Counsel |
NIC Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is NIC a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity | 25.45 | |||
Return On Asset | 13.22 | |||
Profit Margin | 14.90 % | |||
Operating Margin | 22.08 % | |||
Current Valuation | 2.06 B | |||
Shares Outstanding | 67.91 M | |||
Shares Owned By Insiders | 2.87 % | |||
Shares Owned By Institutions | 90.37 % | |||
Number Of Shares Shorted | 3.95 M | |||
Price To Earning | 33.66 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NIC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NIC's short interest history, or implied volatility extrapolated from NIC options trading.
Pair Trading with NIC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NIC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NIC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Humana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humana when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Humana - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Humana Inc to buy it.
The correlation of Humana is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Humana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humana Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Humana can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in NIC Stock
If you are still planning to invest in NIC Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the NIC's history and understand the potential risks before investing.
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