Nelnet, Inc. provides education related products and services, and loan asset management services worldwide. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients. This segment also provides software and data center, default aversion tracking, claim processing, and post-default collection services, as well as borrower and loan updates for guarantee agencies, and contact center solutions; and licenses student loan servicing software to third-party student loan holders and servicers. Its Tuition Payment Processing and Campus Commerce segment offers products and services to help students and families to manage the payment of education costs; school information system software; professional development and educational instruction services to K-12 schools; and education-focused technologies, services, and support solutions to schools for collecting and processing commerce data. It also provides electronic transfer and credit card processing, reporting, billing and invoicing, and integration services; and mobile and virtual terminal solutions for business software products. Its Communications segment provides Internet access, data connectivity, Internet protocol television video, video on demand, and high-definition television services; digital video recorders to residential and business subscribers; and local calling and long-distance telephone services. This segment offers its services through direct marketing, call and communication centers, and sales representatives; and its Website. Its Asset Generation and Management segment acquires, manages, and owns loan assets. It also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.
Industry, Sector and Symbol
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
SymbolNYSE:NNI
CUSIP64031N10
Phone402-458-2370
Debt
Debt-to-Equity Ratio9.45
Current Ratio127.47
Quick Ratio127.47
Price-To-Earnings
Trailing P/E Ratio12.60
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.20 billion
Price / Sales2.05
Cash Flow$7.8165 per share
Price / Cash7.74
Book Value$53.06 per share
Price / Book1.14
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$173.16 million
Net Margins17.43%
Return on Equity9.28%
Return on Assets0.82%
Miscellaneous
Employees4,300
Outstanding Shares40,680,000
Nelnet (NYSE:NNI) Frequently Asked Questions
What is Nelnet's stock symbol?
Nelnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNI."
How often does Nelnet pay dividends? What is the dividend yield for Nelnet?
Nelnet declared a quarterly dividend on Wednesday, May 9th. Shareholders of record on Friday, June 1st will be given a dividend of $0.16 per share on Friday, June 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 31st. View Nelnet's Dividend History.
How were Nelnet's earnings last quarter?
Nelnet, Inc. (NYSE:NNI) announced its quarterly earnings results on Tuesday, May, 8th. The credit services provider reported $1.67 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.36 by $0.31. The credit services provider earned $322.21 million during the quarter. Nelnet had a return on equity of 9.28% and a net margin of 17.43%. During the same quarter last year, the firm earned $1.23 EPS. View Nelnet's Earnings History.
What price target have analysts set for NNI?
2 equities research analysts have issued 12 month target prices for Nelnet's stock. Their predictions range from $52.00 to $55.00. On average, they anticipate Nelnet's stock price to reach $53.50 in the next year. View Analyst Ratings for Nelnet.
Who are some of Nelnet's key competitors?
Some companies that are related to Nelnet include Credit Acceptance (CACC), Santander Consumer USA (SC), SLM (SLM), OneMain (OMF), PROVIDENT Finl/S (FPLPY), Enova International (ENVA), World Acceptance (WRLD), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), IEG (IEGH) and IEG (IEGH).
Who are Nelnet's key executives?
Nelnet's management team includes the folowing people:
- Mr. Michael Sullivan Dunlap, Exec. Chairman (Age 54)
- Mr. Jeffrey R. Noordhoek, Chief Exec. Officer (Age 52)
- Mr. Timothy A. Tewes, Pres (Age 59)
- Mr. James D. Kruger, CFO & Principal Accounting Officer (Age 55)
- Mr. Terry J. Heimes, Chief Operating Officer (Age 53)
Has Nelnet been receiving favorable news coverage?
Media coverage about NNI stock has trended somewhat positive on Friday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nelnet earned a coverage optimism score of 0.03 on Accern's scale. They also gave press coverage about the credit services provider an impact score of 43.84 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Nelnet's major shareholders?
Nelnet's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.86%), BlackRock Inc. (3.09%), Boston Partners (2.90%), Northern Trust Corp (2.57%), LSV Asset Management (2.52%) and Magnolia Group LLC (1.30%). Company insiders that own Nelnet stock include Angie Muhleisen, Kathleen Anne Farrell, Michael D Reardon and William J Munn. View Institutional Ownership Trends for Nelnet.
Which institutional investors are selling Nelnet stock?
NNI stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, Seizert Capital Partners LLC, General American Investors Co. Inc., JPMorgan Chase & Co., BlackRock Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Barclays PLC and BNP Paribas Arbitrage SA. Company insiders that have sold Nelnet company stock in the last year include Angie Muhleisen, Kathleen Anne Farrell, Michael D Reardon and William J Munn. View Insider Buying and Selling for Nelnet.
Which institutional investors are buying Nelnet stock?
NNI stock was bought by a variety of institutional investors in the last quarter, including Magnolia Group LLC, Boston Partners, Schwab Charles Investment Management Inc., Matarin Capital Management LLC, LSV Asset Management, Dimensional Fund Advisors LP, GSA Capital Partners LLP and Foundry Partners LLC. View Insider Buying and Selling for Nelnet.
How do I buy shares of Nelnet?
Shares of NNI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Nelnet's stock price today?
One share of NNI stock can currently be purchased for approximately $60.44.
How big of a company is Nelnet?
Nelnet has a market capitalization of $2.49 billion and generates $1.20 billion in revenue each year. Nelnet employs 4,300 workers across the globe.
How can I contact Nelnet?
Nelnet's mailing address is 121 SOUTH 13TH ST SUITE 100, LINCOLN NE, 68508. The credit services provider can be reached via phone at 402-458-2370 or via email at [email protected]
MarketBeat Community Rating for Nelnet (NNI)
MarketBeat's community ratings are surveys of what our community members think about Nelnet and other stocks. Vote "Outperform" if you believe NNI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NNI will underperform the S&P 500 over the long term. You may vote once every thirty days.
