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
Stock Exchange NYSE
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
SymbolNYSE:NNI
CUSIP64031N10
Phone402-458-2370
Debt
Debt-to-Equity Ratio9.83
Current Ratio112.77
Quick Ratio112.77
Price-To-Earnings
Trailing P/E Ratio11.45
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.20 billion
Price / Sales1.98
Cash Flow$7.9279 per share
Price / Cash7.35
Book Value$53.06 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$173.16 million
Net Margins17.02%
Return on Equity9.45%
Return on Assets0.85%
Miscellaneous
Employees4,300
Outstanding Shares40,800,000
Market Cap$2.37 billion
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, August 8th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.16 per share on Friday, September 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, August 30th. View Nelnet's Dividend History.
How were Nelnet's earnings last quarter?
Nelnet, Inc. (NYSE:NNI) posted its quarterly earnings data on Tuesday, August, 7th. The credit services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The credit services provider had revenue of $257.96 million for the quarter. Nelnet had a return on equity of 9.45% and a net margin of 17.02%. View Nelnet's Earnings History.
When is Nelnet's next earnings date?
What price target have analysts set for NNI?
2 brokers have issued 12-month price targets for Nelnet's shares. Their predictions range from $55.00 to $55.00. On average, they expect Nelnet's stock price to reach $55.00 in the next year. This suggests that the stock has a possible downside of 5.8%. View Analyst Price Targets for Nelnet.
What is the consensus analysts' recommendation for Nelnet?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nelnet in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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), Mr. Amazing Loans (MRAL), 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, Chief Financial Officer (Age 55)
- Mr. Terry J. Heimes, Chief Operating Officer (Age 53)
Has Nelnet been receiving favorable news coverage?
Headlines about NNI stock have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nelnet earned a news impact score of 0.18 on Accern's scale. They also assigned headlines about the credit services provider an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Nelnet.
Who are Nelnet's major shareholders?
Nelnet's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.89%), Farmers & Merchants Investments Inc. (3.98%), BlackRock Inc. (3.14%), Boston Partners (2.92%), LSV Asset Management (2.44%) and Magnolia Group LLC (1.37%). 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 major investors are selling Nelnet stock?
NNI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Royce & Associates LP, Schwab Charles Investment Management Inc., Huber Capital Management LLC, Federated Investors Inc. PA, Bank of America Corp DE, Spark Investment Management LLC and Renaissance Technologies LLC. 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 major investors are buying Nelnet stock?
NNI stock was acquired by a variety of institutional investors in the last quarter, including Chicago Equity Partners LLC, Magnolia Group LLC, BlackRock Inc., Russell Investments Group Ltd., Foundry Partners LLC, United Services Automobile Association, Zebra Capital Management LLC and Dimensional Fund Advisors LP. 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 $58.38.
How big of a company is Nelnet?
Nelnet has a market capitalization of $2.37 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 STE 201, 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 (NYSE 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.
