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NYSE:NNINelnet Stock Price, Forecast & News

$63.71
+0.37 (+0.58 %)
(As of 08/12/2020 12:58 PM ET)
Add
Compare
Today's Range
$63.51
Now: $63.71
$64.62
50-Day Range
$44.49
MA: $54.94
$63.85
52-Week Range
$36.70
Now: $63.71
$69.97
Volume1,492 shs
Average Volume123,285 shs
Market Capitalization$2.50 billion
P/E Ratio20.62
Dividend Yield1.25%
Beta0.61
Nelnet, Inc. provides education related products and services, and loan asset management services worldwide. The company's Loan Servicing and Systems 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 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 managed tuition payment plans and billing services; assistance with financial needs assessment and donor management; school information system software that helps schools automate administrative processes; professional development and educational instruction services; and technology products that aid in teacher and student evaluations. It also offers technology and payments services, including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software; and mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers. Its Communications segment fiber optic service to homes and businesses for Internet, television, and telephone services. Its data services include high-speed Internet access; telephone services comprise local and long distance telephone service, hostedPBX services, and other basic services. 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.
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Nelnet logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.7Dividend Strength: 0.8Insider Behavior: 5.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
CUSIP64031N10
Phone402-458-2370

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.78 billion
Cash Flow$9.89 per share
Book Value$60.19 per share

Profitability

Net Income$141.80 million

Miscellaneous

Employees6,600
Market Cap$2.50 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$63.71
+0.37 (+0.58 %)
(As of 08/12/2020 12:58 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Nelnet (NYSE:NNI) Frequently Asked Questions

How has Nelnet's stock been impacted by COVID-19 (Coronavirus)?

Nelnet's stock was trading at $47.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NNI stock has increased by 33.2% and is now trading at $63.71.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Nelnet?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nelnet in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Nelnet
.

When is Nelnet's next earnings date?

Nelnet is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Nelnet
.

How were Nelnet's earnings last quarter?

Nelnet, Inc. (NYSE:NNI) announced its quarterly earnings results on Thursday, August, 6th. The credit services provider reported $2.28 EPS for the quarter, missing the consensus estimate of $2.42 by $0.14. Nelnet had a net margin of 7.25% and a return on equity of 6.22%. During the same period in the previous year, the firm earned $1.32 earnings per share.
View Nelnet's earnings history
.

How often does Nelnet pay dividends? What is the dividend yield for Nelnet?

Nelnet declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share on Tuesday, September 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, August 31st.
View Nelnet's dividend history
.

What price target have analysts set for NNI?

1 Wall Street analysts have issued 1 year target prices for Nelnet's shares. Their forecasts range from $52.00 to $52.00. On average, they expect Nelnet's stock price to reach $52.00 in the next twelve months. This suggests that the stock has a possible downside of 18.4%.
View analysts' price targets for Nelnet
.

Has Nelnet been receiving favorable news coverage?

Press coverage about NNI stock has trended negative on Wednesday, according to InfoTrie. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Nelnet earned a news impact score of -2.2 on InfoTrie's scale. They also gave media coverage about the credit services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Nelnet
.

Are investors shorting Nelnet?

Nelnet saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 228,000 shares, an increase of 25.3% from the January 31st total of 182,000 shares. Based on an average daily volume of 85,700 shares, the short-interest ratio is presently 2.7 days. Approximately 1.2% of the shares of the company are sold short.
View Nelnet's Short Interest
.

Who are some of Nelnet's key competitors?

What other stocks do shareholders of Nelnet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nelnet investors own include Enbridge (ENB), Johnson & Johnson (JNJ), Altria Group (MO), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), Consolidated Edison (ED), Edwards Lifesciences (EW), IBM (IBM) and Metlife (MET).

Who are Nelnet's key executives?

Nelnet's management team includes the following people:
  • Mr. Michael Sullivan Dunlap, Exec. Chairman (Age 55)
  • Mr. Jeffrey R. Noordhoek, Chief Exec. Officer (Age 53)
  • Mr. Timothy A. Tewes, Pres (Age 60)
  • Mr. James D. Kruger, Chief Financial Officer (Age 56)
  • Mr. Terry J. Heimes, Chief Operating Officer (Age 55)

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 a number of institutional and retail investors. Top institutional shareholders include Farmers & Merchants Investments Inc. (3.89%), Sycale Advisors NY LLC (1.35%), General American Investors Co. Inc. (0.77%), Prudential Financial Inc. (0.39%), Denali Advisors LLC (0.14%) and HighTower Advisors LLC (0.12%). Company insiders that own Nelnet stock include Angie Muhleisen, Michael S Dunlap, Shelby J Butterfield and William J Munn.
View institutional ownership trends for Nelnet
.

Which major investors are selling Nelnet stock?

NNI stock was sold by a variety of institutional investors in the last quarter, including Sycale Advisors NY LLC, General American Investors Co. Inc., James Investment Research Inc., Bessemer Group Inc., Prudential Financial Inc., D.A. Davidson & CO., New York State Common Retirement Fund, and UBS Group AG. Company insiders that have sold Nelnet company stock in the last year include Shelby J Butterfield, and William J Munn.
View insider buying and selling activity for Nelnet
.

Which major investors are buying Nelnet stock?

NNI stock was purchased by a variety of institutional investors in the last quarter, including Farmers & Merchants Investments Inc., Denali Advisors LLC, First Trust Advisors LP, Aigen Investment Management LP, WINTON GROUP Ltd, SG Americas Securities LLC, Swiss National Bank, and HighTower Advisors LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Nelnet's stock price today?

One share of NNI stock can currently be purchased for approximately $63.71.

How big of a company is Nelnet?

Nelnet has a market capitalization of $2.50 billion and generates $1.78 billion in revenue each year. Nelnet employs 6,600 workers across the globe.

What is Nelnet's official website?

The official website for Nelnet is www.nelnet.com.

How can I contact Nelnet?

Nelnet's mailing address is 121 SOUTH 13TH STREET SUITE 100, LINCOLN NE, 68508. The credit services provider can be reached via phone at 402-458-2370 or via email at [email protected]

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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