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Nelnet (NNI) Stock Forecast, Price & News

$100.67
+1.74 (+1.76%)
(As of 06/7/2023 ET)
Compare
Today's Range
$98.35
$101.03
50-Day Range
$90.49
$100.67
52-Week Range
$72.94
$101.03
Volume
85,106 shs
Average Volume
43,856 shs
Market Capitalization
$3.75 billion
P/E Ratio
15.25
Dividend Yield
1.03%
Price Target
$93.00

Nelnet MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.6% Downside
$93.00 Price Target
Short Interest
Bearish
1.51% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.11
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
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.

1.95 out of 5 stars

Finance Sector

653rd out of 851 stocks

Personal Credit Institutions Industry

9th out of 13 stocks


NNI stock logo

About Nelnet (NYSE:NNI) Stock

Nelnet, Inc. engages in the provision of education-related products and services, as well as loan asset management. It operates through the following segments: Loan Servicing and Systems (LSS), Education Technology, Services, and Payment Processing (ETS&PP), Asset Generation and Management (AGM), Nelnet Bank, and Communications. The LSS segment focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services. The ETS&PP segment refers to Nelnet Business Services (NBS). NBS provides education services, payment technology, and community management solutions for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition and management of student and other loan assets. The Nelnet Bank segment is involved in the Internet Utah-chartered industrial bank focused on the private education and unsecured consumer loan markets. The Communications segment consists of ALLO focused on providing fiber optic service directly to homes and businesses for internet, telephone, and television services. The comp

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NNI Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Nelnet, Inc.: Nelnet Reports First Quarter 2023 Results
8-K: NELNET INC
This Company Is Solving A Multi-Billion Dollar Problem!
This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!
Nelnet Reports First Quarter 2023 Results
Nelnet (NYSE:NNI) Downgraded by StockNews.com
Nelnet (NYSE:NNI) Stock Rating Lowered by StockNews.com
Nelnet (NYSE:NNI) Upgraded at StockNews.com
Nelnet Stock Hits New 52-Week Low (NNI)
Nelnet Reports Fourth Quarter 2022 Results
Nelnet declares $0.26 dividend
Should You Still Consider Buying Nelnet (NNI) Shares?
Nelnet Mourns the Loss of Board Member William Cintani
Why Nelnet Stock Jumped 10.6% in November
See More Headlines

NNI Price History

NNI Company Calendar

Last Earnings
11/08/2021
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Today
6/07/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
CUSIP
64031N10
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
-7.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$407.35 million
Pretax Margin
15.08%

Debt

Sales & Book Value

Annual Sales
$1.99 billion
Cash Flow
$11.48 per share
Book Value
$86.18 per share

Miscellaneous

Free Float
18,212,000
Market Cap
$3.75 billion
Optionable
Optionable
Beta
0.82

Key Executives

  • Jeffrey R. Noordhoek
    Chief Executive Officer
  • Timothy A. Tewes
    President
  • Terry J. Heimes
    Chief Operating Officer
  • Jim Kruger Kruger
    Chief Financial Officer
  • Matthew W. Dunlap
    Director & Chief Business Development Officer













NNI Stock - Frequently Asked Questions

Should I buy or sell Nelnet stock right now?

1 Wall Street 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 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 analysts have issued 1-year price objectives for Nelnet's shares. Their NNI share price forecasts range from $93.00 to $93.00. On average, they predict the company's share price to reach $93.00 in the next year. This suggests that the stock has a possible downside of 7.6%.
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 beginning of the year. Since then, NNI stock has increased by 10.9% and is now trading at $100.67.
View the best growth stocks for 2023 here
.

When is Nelnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our NNI earnings forecast
.

How were Nelnet's earnings last quarter?

Nelnet, Inc. (NYSE:NNI) released its quarterly earnings results on Monday, November, 8th. The credit services provider reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.68 by $0.45. The credit services provider earned $286.66 million during the quarter. Nelnet had a trailing twelve-month return on equity of 6.63% and a net margin of 12.42%.

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

Nelnet declared a quarterly dividend on Monday, May 8th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.26 per share on Thursday, June 15th. This represents a $1.04 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for NNI
.

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 1.08%. 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 15.76%. 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 a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.69%), BlackRock Inc. (2.86%), Envestnet Asset Management Inc. (2.02%), State Street Corp (0.89%), Geode Capital Management LLC (0.83%) and Snyder Capital Management L P (0.77%). Insiders that own company stock include Shelby J Butterfield, Shelby J Butterfield, William J Munn 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 $100.67.

How much money does Nelnet make?

Nelnet (NYSE:NNI) has a market capitalization of $3.75 billion and generates $1.99 billion in revenue each year. The credit services provider earns $407.35 million in net income (profit) each year or $6.60 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 6/7/2023 by MarketBeat.com Staff

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