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NYSE:NNINelnet Stock Price, Forecast & News

$50.21
+0.06 (+0.12 %)
(As of 05/26/2020 03:51 PM ET)
Add
Compare
Today's Range
$49.67
Now: $50.21
$50.68
50-Day Range
$40.16
MA: $45.46
$48.84
52-Week Range
$36.70
Now: $50.21
$69.97
Volume6,148 shs
Average Volume112,815 shs
Market Capitalization$1.97 billion
P/E Ratio33.70
Dividend Yield1.64%
Beta0.5
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: 1.7Insider Behavior: 5.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.20 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$10.14 per share
Book Value$60.19 per share

Profitability

Net Income$141.80 million

Miscellaneous

Employees6,600
Market Cap$1.97 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NNI stock has increased by 4.8% and is now trading at $50.15. 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, August 13th 2020. View our earnings forecast for Nelnet.

How were Nelnet's earnings last quarter?

Nelnet, Inc. (NYSE:NNI) posted its quarterly earnings results on Thursday, May, 7th. The credit services provider reported ($0.62) EPS for the quarter, missing the Zacks' consensus estimate of $0.49 by $1.11. The credit services provider had revenue of $245.70 million for the quarter, compared to analysts' expectations of $297.83 million. Nelnet had a return on equity of 4.68% and a net margin of 3.50%. During the same period last year, the company posted $1.61 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, May 7th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, May 29th. View Nelnet's dividend history.

What price target have analysts set for NNI?

1 brokerages have issued 1 year price objectives for Nelnet's stock. Their forecasts range from $52.00 to $52.00. On average, they expect Nelnet's share price to reach $52.00 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price. View analysts' price targets for Nelnet.

Has Nelnet been receiving favorable news coverage?

Media headlines about NNI stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nelnet earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutNelnet.

Are investors shorting Nelnet?

Nelnet saw a increase in short interest in May. As of May 15th, there was short interest totaling 169,200 shares, an increase of 11.2% from the April 30th total of 152,200 shares. Based on an average trading volume of 115,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the company's stock are short sold. View Nelnet's Current Options Chain.

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 Altria Group (MO), Consolidated Edison (ED), Enbridge (ENB), Edwards Lifesciences (EW), Metlife (MET), Pfizer (PFE), Shaw Communications (SJR), AT&T (T), Exxon Mobil (XOM) and Arconic (ARNC).

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 retail and institutional investors. Top institutional shareholders include Farmers & Merchants Investments Inc. (3.68%), BlackRock Inc. (3.42%), Sycale Advisors NY LLC (1.47%), State Street Corp (1.00%), Geode Capital Management LLC (0.86%) and Harspring Capital Management LLC (0.83%). Company insiders that own Nelnet stock include Angie Muhleisen, Michael S Dunlap 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 Bessemer Group Inc., Farmers & Merchants Investments Inc., Nuveen Asset Management LLC, First Trust Advisors LP, Morgan Stanley, AQR Capital Management LLC, UBS Group AG, and Parametric Portfolio Associates LLC. View insider buying and selling activity for Nelnet.

Which major investors are buying Nelnet stock?

NNI stock was acquired by a variety of institutional investors in the last quarter, including Sycale Advisors NY LLC, Harspring Capital Management LLC, Ennismore Fund Management Ltd, Bogle Investment Management L P DE, Lee Capital Holdings LLC, Two Sigma Advisers LP, Two Sigma Investments LP, 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 $50.15.

How big of a company is Nelnet?

Nelnet has a market capitalization of $1.96 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 5/26/2020 by MarketBeat.com Staff

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