NYSE:NNI

Nelnet (NNI) Stock Forecast, Price & News

$89.96

-0.61 (-0.67%)

(As of 09/22/2023 ET)

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Today's Range: $89.96
▼
$90.54
50-Day Range: $89.97
▼
$100.25
52-Week Range: $78.41
▼
$101.60

Volume: 31,161 shs
Average Volume: 47,826 shs
Market Capitalization: $3.36 billion

P/E Ratio: 17.67
Dividend Yield: 1.16%
Price Target: $93.00

Nelnet MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 3.4% Upside
$93.00 Price Target
Short Interest: Bearish
1.55% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.11
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$302,354 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

632nd out of 837 stocks

Personal Credit Institutions Industry

9th out of 13 stocks

1.0

Analyst's Opinion

Consensus Rating
Nelnet has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $93.00, Nelnet has a forecasted upside of 3.4% from its current price of $89.97.
Amount of Analyst Coverage
Nelnet has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.55% of the float of Nelnet has been sold short.
Short Interest Ratio / Days to Cover
Nelnet has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Nelnet has recently increased by 29.34%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Nelnet pays a meaningful dividend of 1.15%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Nelnet has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Nelnet is 20.43%. This payout ratio is at a healthy, sustainable level, below 75%.

4.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Nelnet has received a 76.08% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is false driven by its "Student loans" and "Student loan management services" products. See details.
Environmental Sustainability
The Environmental Impact score for Nelnet is -0.11.

N/A

News and Social Media Coverage

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nelnet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $302,354.00 in company stock.
Percentage Held by Insiders
50.30% of the stock of Nelnet is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 33.51% of the stock of Nelnet is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Nelnet is 17.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nelnet is 17.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 82.79.
Price to Book Value per Share Ratio
Nelnet has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nelnet (NYSE:NNI) Stock

Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. Its 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. This segment also offers student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The company's Education Technology, Services, and Payment Processing segment provides financial management services; school information system software; website design and cost effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. It also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community, giving, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools. Its Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Company's Asset Generation and Management segment acquires, manages, and owns loan assets. Its Nelnet Bank segment operates as an internet industrial bank. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

NNI Price History

30 days | 90 days | 365 days | Advanced Chart

NNI Stock News Headlines

August 30, 2023 | seekingalpha.com

Nelnet goes ex dividend tomorrow

August 28, 2023 | finance.yahoo.com

Is It Smart To Buy Nelnet, Inc. (NYSE:NNI) Before It Goes Ex-Dividend?

September 23, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

August 25, 2023 | msn.com

Nelnet: Broad Exposure Leaves Unappealing Valuation

August 8, 2023 | finance.yahoo.com

GRNE Solar Rebrands as Nelnet Renewable Energy

August 7, 2023 | marketwatch.com

Microvast Reports Second Quarter 2023 Financial Results

August 7, 2023 | markets.businessinsider.com

Riley Permian Reports Second Quarter 2023 Results

August 7, 2023 | msn.com

Nelnet Non-GAAP EPS of $0.71, revenue of $298.06M

September 23, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

August 7, 2023 | finance.yahoo.com

Nelnet Reports Second Quarter 2023 Results

August 6, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Nelnet's earnings

August 4, 2023 | benzinga.com

Nelnet's Earnings: A Preview

June 30, 2023 | msn.com

Supreme Court strikes down Biden's studen loan forgiveness plan (updated)

June 29, 2023 | msn.com

Biden administration develops 'safety net' for student loan payments restart

June 25, 2023 | msn.com

Student Loan Defaults Set To Rise, Analysts Say It's 'A Sizeable Shock' With Ripple Effects: 5 Stocks to Watch

June 6, 2023 | finance.yahoo.com

Nelnet (NYSE:NNI) stock performs better than its underlying earnings growth over last three years

May 22, 2023 | msn.com

Nelnet's Return On Capital Employed Overview

May 12, 2023 | msn.com

Credit Suisse Reiterates Nelnet Inc - (NNI) Neutral Recommendation

May 10, 2023 | finanznachrichten.de

Nelnet, Inc.: Nelnet Reports First Quarter 2023 Results

May 10, 2023 | marketwatch.com

8-K: NELNET INC

May 10, 2023 | finance.yahoo.com

Nelnet First Quarter 2023 Earnings: EPS: US$0.71 (vs US$4.91 in 1Q 2022)

May 8, 2023 | finance.yahoo.com

Nelnet Reports First Quarter 2023 Results

April 25, 2023 | finance.yahoo.com

Nelnet Awarded U.S. Department of Education's USDS Loan Servicing Contract

April 19, 2023 | finance.yahoo.com

With 49% ownership, Nelnet, Inc. (NYSE:NNI) insiders have a lot riding on the company's future

April 13, 2023 | morningstar.com

Student loan 'train wreck': As return of regular payments loom, servicers have less staff to field expected deluge of calls

March 23, 2023 | finance.yahoo.com

Nelnet Announces Reduction of Staff Due to Contract Changes Impacting Student Loan Servicing

March 21, 2023 | thestreet.com

Nelnet Stock Hits New 52-Week Low (NNI)

See More Headlines

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NNI Company Calendar

Last Earnings: 8/07/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/23/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Personal credit institutions
Sub-Industry: Consumer Finance
Sector: Finance
Current Symbol: NYSE:NNI
CUSIP: 64031N10
CIK: 1258602
Web: www.nelnet.com
Phone: (402) 458-2370
Fax: 402-458-2344
Employees: 8,237
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $93.00
High Stock Price Forecast: $93.00
Low Stock Price Forecast: $93.00
Forecasted Upside/Downside: +3.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.09
Trailing P/E Ratio: 17.67
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $407.35 million
Net Margins: 9.05%
Pretax Margin: 10.53%
Return on Equity: 5.69%
Return on Assets: 0.98%

Debt

Debt-to-Equity Ratio: 4.02
Current Ratio: 51.62
Quick Ratio: 51.62

Sales & Book Value

Annual Sales: $1.16 billion
Price / Sales: 2.89
Cash Flow: $10.88 per share
Price / Cash Flow: 8.27
Book Value: $86.18 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 37,319,000
Free Float: 18,548,000
Market Cap: $3.36 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. Michael Sullivan Dunlap (Age 60)
Exec. Chairman
Comp: $1.25M

Mr. Jeffrey R. Noordhoek (Age 57)
Chief Exec. Officer
Comp: $1.72M

Mr. Timothy Alan Tewes (Age 64)
Pres
Comp: $1.69M

Mr. James D. Kruger (Age 60)
Chief Financial Officer
Comp: $1.76M

Mr. Terry J. Heimes (Age 59)
Chief Operating Officer
Comp: $1.74M

Mr. Matthew W. Dunlap (Age 34)
Chief Bus. Devel. Officer & Director
Comp: $205.17k

Mr. Phil Morgan
Investor Relations Contact

Mr. William J. Munn (Age 55)
Corp. Sec., Chief Governance Officer & Gen. Counsel

Ms. Jackie Strohbehn
Pres of Nelnet Campus Commerce

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NNI Stock - Frequently Asked Questions

Should I buy or sell Nelnet stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nelnet in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NNI, but not buy additional shares or sell existing shares.
View NNI analyst ratings or view top-rated stocks.
What is Nelnet's stock price forecast for 2023?: 1 equities research analysts have issued 12 month price objectives for Nelnet's stock. Their NNI share price forecasts range from $93.00 to $93.00. On average, they anticipate the company's stock price to reach $93.00 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for NNI or view top-rated stocks among Wall Street analysts.
How have NNI shares performed in 2023?: Nelnet's stock was trading at $90.75 at the start of the year. Since then, NNI stock has decreased by 0.9% and is now trading at $89.9650.
View the best growth stocks for 2023 here.
Are investors shorting Nelnet?: Nelnet saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 189,100 shares, an increase of 29.3% from the August 15th total of 146,200 shares. Based on an average daily trading volume, of 43,000 shares, the short-interest ratio is presently 4.4 days. Currently, 1.6% of the company's shares are short sold.
View Nelnet's Short Interest.
When is Nelnet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our NNI earnings forecast.
How were Nelnet's earnings last quarter?: Nelnet, Inc. (NYSE:NNI) posted its quarterly earnings data on Monday, August, 7th. The credit services provider reported $0.71 earnings per share for the quarter. The credit services provider had revenue of $298.06 million for the quarter. Nelnet had a trailing twelve-month return on equity of 5.69% and a net margin of 9.05%.
How often does Nelnet pay dividends? What is the dividend yield for Nelnet?: Nelnet announced a quarterly dividend on Monday, August 7th. Shareholders of record on Friday, September 1st will be given a dividend of $0.26 per share on Friday, September 15th. This represents a $1.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for NNI.
What ETFs hold Nelnet's stock?: ETFs with the largest weight of Nelnet (NYSE:NNI) stock in their portfolio include Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).VictoryShares US Small Cap Volatility Wtd (CSA).

Is Nelnet a good dividend stock?: Nelnet (NYSE:NNI) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 20.43%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NNI.
What is Mike Dunlap's approval rating as Nelnet's CEO?: 187 employees have rated Nelnet Chief Executive Officer Mike Dunlap on Glassdoor.com. Mike Dunlap has an approval rating of 83% among the company's employees.
What other stocks do shareholders of Nelnet own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Nelnet investors own include Altria Group (MO), Exxon Mobil (XOM), Consolidated Edison (ED), Enbridge (ENB), Edwards Lifesciences (EW), International Business Machines (IBM), MetLife (MET), Pfizer (PFE), Shaw Communications (SJR) and AT&T (T).
What is Nelnet's stock symbol?: Nelnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNI."
Who are Nelnet's major shareholders?: Nelnet's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.60%), Farmers & Merchants Investments Inc. (3.67%), BlackRock Inc. (2.91%), State Street Corp (0.89%), Geode Capital Management LLC (0.85%) and Snyder Capital Management L P (0.77%). Insiders that own company stock include Deun Jona M Van, Shelby J Butterfield, Shelby J Butterfield and William J Munn.
View institutional ownership trends.
How do I buy shares of Nelnet?: Shares of NNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Nelnet's stock price today?: One share of NNI stock can currently be purchased for approximately $89.97.
How much money does Nelnet make?: Nelnet (NYSE:NNI) has a market capitalization of $3.36 billion and generates $1.16 billion in revenue each year. The credit services provider earns $407.35 million in net income (profit) each year or $5.09 on an earnings per share basis.
How many employees does Nelnet have?: The company employs 8,237 workers across the globe.
How can I contact Nelnet?: Nelnet's mailing address is 121 SOUTH 13TH STREET SUITE 100, LINCOLN NE, 68508. The official website for the company is www.nelnet.com. The credit services provider can be reached via phone at (402) 458-2370, via email at investorrelations@nelnet.net, or via fax at 402-458-2344.

This page (NYSE:NNI) was last updated on 9/23/2023 by MarketBeat.com Staff

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