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
Phone877 234-3468
Webwww.egov.com
Kovzan is a Certified Public Accountant and holds a B.S. in business administration from the University of Tulsa and an M.S. in business from the University of Kansas.

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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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. NIC Inc. was founded in 1992 and is headquartered in Olathe, Kansas. NIC operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 1025 people. NIC Inc (EGOV) is traded on NASDAQ Exchange in USA and employs 1,025 people.

Management Performance

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.
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.
Pair CorrelationCorrelation Matching
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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