Nelnet - NNI Stock Forecast, Price & News

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. This segment also provides 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 Education Technology, Services, and Payment Processing segment offers 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 engagement, giving management, 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 management, financial management, and communication functions for K-12 schools. The Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates internet industrial banks. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Nelnet from a "hold" rating to a "buy" rating in a research note on Friday, May 13th.

Nelnet Stock Performance

Shares of NNI traded down $0.51 during trading hours on Friday, hitting $93.24. The stock had a trading volume of 42,374 shares, compared to its average volume of 61,611. The company has a debt-to-equity ratio of 5.43, a quick ratio of 72.66 and a current ratio of 72.67. The firm has a 50-day moving average price of $86.74 and a 200 day moving average price of $84.81. Nelnet has a fifty-two week low of $72.94 and a fifty-two week high of $99.79. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 7.83 and a beta of 0.71.

Nelnet (NYSE:NNI - Get Rating) last posted its quarterly earnings data on Monday, May 9th. The credit services provider reported $1.99 earnings per share for the quarter. The company had revenue of $481.56 million during the quarter. Nelnet had a net margin of 27.45% and a return on equity of 10.39%.

Nelnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, May 31st. Nelnet's dividend payout ratio is presently 8.06%.

Insiders Place Their Bets

In other Nelnet news, insider William J. Munn sold 500 shares of the company's stock in a transaction on Monday, June 13th. The shares were sold at an average price of $79.76, for a total transaction of $39,880.00. Following the completion of the transaction, the insider now directly owns 20,771 shares in the company, valued at $1,656,694.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 50.30% of the stock is currently owned by company insiders.