UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,778 Shares of Nelnet, Inc. (NYSE:NNI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,492 shares of the credit services provider's stock after buying an additional 5,778 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Nelnet worth $5,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC increased its position in shares of Nelnet by 16,773.6% during the fourth quarter. Proficio Capital Partners LLC now owns 482,247 shares of the credit services provider's stock valued at $482,000 after acquiring an additional 479,389 shares during the last quarter. Vanguard Group Inc. grew its stake in Nelnet by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 1,347,756 shares of the credit services provider's stock valued at $143,954,000 after purchasing an additional 99,885 shares during the period. Sycale Advisors NY LLC increased its position in shares of Nelnet by 26.7% during the 4th quarter. Sycale Advisors NY LLC now owns 258,038 shares of the credit services provider's stock valued at $27,561,000 after purchasing an additional 54,380 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nelnet by 30.7% during the 4th quarter. JPMorgan Chase & Co. now owns 172,480 shares of the credit services provider's stock valued at $18,423,000 after purchasing an additional 40,476 shares during the last quarter. Finally, Western Standard LLC bought a new stake in shares of Nelnet during the 4th quarter worth $2,614,000. Hedge funds and other institutional investors own 33.51% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Nelnet from a "hold" rating to a "buy" rating in a research report on Tuesday, March 4th.

Nelnet Stock Performance

Shares of Nelnet stock traded up $0.62 on Friday, reaching $114.51. 50,913 shares of the company traded hands, compared to its average volume of 59,532. The company has a 50 day moving average of $110.02 and a 200 day moving average of $110.27. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47. Nelnet, Inc. has a 52 week low of $97.13 and a 52 week high of $127.32. The firm has a market capitalization of $4.16 billion, a PE ratio of 37.67 and a beta of 0.95.

Nelnet (NYSE:NNI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The credit services provider reported $2.39 EPS for the quarter, beating the consensus estimate of $1.92 by $0.47. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. The business had revenue of $398.49 million for the quarter, compared to the consensus estimate of $393.00 million. Equities analysts forecast that Nelnet, Inc. will post 4.52 earnings per share for the current year.

Nelnet announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 8th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Nelnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.98%. Nelnet's dividend payout ratio is presently 21.17%.

Nelnet Company Profile

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.