Nelnet, Inc. (NNI)

NYSE: NNI · IEX Real-Time Price · USD
79.94
+0.75 (0.95%)
Oct 3, 2022 4:00 PM EDT - Market closed
0.95%
Market Cap 2.98B
Revenue (ttm) 1.49B
Net Income (ttm) 457.60M
Shares Out 37.22M
EPS (ttm) 12.02
PE Ratio 6.65
Forward PE 12.06
Dividend $0.96 (1.20%)
Ex-Dividend Date Aug 31, 2022
Volume 29,042
Open 79.80
Previous Close 79.19
Day's Range 78.80 - 80.53
52-Week Range 72.94 - 99.79
Beta 0.74
Analysts Sell
Price Target 89.76 (+12.3%)
Earnings Date Nov 7, 2022

About NNI

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 ... [Read more...]

Industry Consumer Finance
IPO Date Dec 11, 2003
CEO Jeffrey Noordhoek
Employees 7,988
Stock Exchange NYSE
Ticker Symbol NNI
Full Company Profile

Financial Performance

In 2021, Nelnet's revenue was $1.34 billion, an increase of 0.04% compared to the previous year's $1.34 billion. Earnings were $393.29 million, an increase of 11.59%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for NNI stock is "Sell." The 12-month stock price forecast is 89.76, which is an increase of 12.28% from the latest price.

Price Target
$89.76
(12.28% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Shareholder Alert: Grabar Law Office Investigates Shareholder Claims Against Officers and Directors of Nelnet, Inc. (...

Philadelphia, Pennsylvania--(Newsfile Corp. - September 12, 2022) - Consumer class actions have been filed against Nelnet (NYSE: NNI) over an apparent data breach that allegedly impacted 2.5 million acc...

3 weeks ago - Newsfile Corp

3 Stocks to Buy for Student Loan Forgiveness

On Aug. 24, President Joe Biden signed an executive order addressing student loan debt. As it pertains to student loan stocks to buy, many investors don't seem to understand the specifics surrounding th...

Other symbols: SLMSOFI
1 month ago - InvestorPlace

PaymentSpring Announces Name Change to Nelnet Payment Services

LINCOLN, Neb. , Aug. 10, 2022 /PRNewswire/ -- PaymentSpring, a division of Nelnet, Inc. (NYSE: NNI) and a leader in secure payment technology for education and non-profits across the United States, has ...

1 month ago - PRNewsWire

Nelnet Reports Second Quarter 2022 Results

LINCOLN, Neb. , Aug. 8, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $85.1 million, or $2.26 per share, for the second quarter of 2022, compared with GAAP net income of $83....

1 month ago - PRNewsWire

6 Fintech Stocks to Buy on the Dip

6 Fintech stocks to buy on the dip. The financial technology arena has been hit hard, giving them low P/Es and high yields.

Other symbols: NAVIOMFSLMUPSTWU
2 months ago - InvestorPlace

Nelnet to Announce Second Quarter Results

LINCOLN, Neb. , July 13, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2022, after the close of the New York Stock Exchange...

2 months ago - PRNewsWire

2 Fintech Stocks Worth Considering for Your Portfolio

The lending business has been good for both companies.

Other symbols: UPST
2 months ago - The Motley Fool

Nelnet Acquires Solar Construction Firm GRNE Solutions

LINCOLN, Neb. , July 5, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today a controlling investment in affiliates of GRNE Solutions, LLC (GRNE), known as GRNE Solar, a leading Midwest solar enginee...

2 months ago - PRNewsWire

1 Under-the-Radar Financials Stock That Could Beat the Market for Years

This company has put up fantastic numbers since going public in 2004.

3 months ago - The Motley Fool

DAN HUGHES NAMED AS FACTS NATIONAL SALES DIRECTOR

LINCOLN, Neb. , June 1, 2022 /PRNewswire/ -- FACTS, a division of Nelnet, Inc. (NYSE: NNI), today announced the appointment of Dan Hughes as national sales director, K–12, effective June 1.

4 months ago - PRNewsWire

Nelnet Campus Commerce Announces Brittany Hubbard as NewDirector of Higher Ed Product Strategy

LINCOLN, Neb., May 20, 2022 /PRNewswire/ -- Nelnet Campus Commerce , a division of Nelnet, Inc. (NYSE: NNI), a leader in secure payment technology in higher education, today announced the addition of Br...

4 months ago - PRNewsWire

This Baby Berkshire Just Put Up Another Solid Earnings Report. Should You Buy Shares?

Another conglomerate based in Lincoln, Nebraska, is primed to generate strong shareholder returns over the coming decades.

4 months ago - The Motley Fool

Nelnet Reports First Quarter 2022 Results

LINCOLN, Neb. , May 9, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $186.6 million, or $4.91 per share, for the first quarter of 2022, compared with GAAP net income of $123....

4 months ago - PRNewsWire

Nelnet to Announce First Quarter Results

LINCOLN, Neb., April 14, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2022, after the close of the New York Stock Exchange...

5 months ago - PRNewsWire

2 Top Stocks You'll Regret Not Buying in 2022 and Holding Forever

These two businesses are as durable and reliable as they come.

Other symbols: ADSK
6 months ago - The Motley Fool

Nelnet Board of Directors Appoints Three New Members; Longest-Serving Director Retires

LINCOLN, Neb., March 17, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) announced today that its board of directors has been expanded to 10 members and enhanced with the appointments of Jona Van Deun, Adam Pet...

6 months ago - PRNewsWire

Nelnet Reports Fourth Quarter 2021 Results

LINCOLN, Neb., Feb. 28, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $132.7 million, or $3.46 per share, for the fourth quarter of 2021, compared with GAAP net income of $23...

7 months ago - PRNewsWire

Protocol Labs and Nelnet Announce $38 Million Renewable Energy Fund Focused on Investments in Solar Energy

SAN FRANCISCO and LINCOLN, Neb., Feb. 17, 2022 /PRNewswire/ -- Protocol Labs , an open-source research and development lab that builds protocols, tools, and services to radically improve the internet, i...

7 months ago - PRNewsWire

Nelnet Board Approves Dividend

LINCOLN, Neb., Jan. 27, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A ...

8 months ago - PRNewsWire

Nelnet to Announce Fourth Quarter and Year-End Results

LINCOLN, Neb., Jan. 20, 2022 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2021, after the close of the New York St...

8 months ago - PRNewsWire

Why Nelnet's Stock Price Rose 13.3% in December

The student loan servicer finished 2021 up 38.7%.

8 months ago - The Motley Fool

Nelnet Diversified Services Maintains Effective Security Controls, According to Recent SOC 2(SM) Report

LINCOLN, Neb., Dec. 8, 2021 /PRNewswire/ -- Nelnet Diversified Services (NDS), an experienced and trusted partner offering premier professional services and flexible, innovative technology solutions, an...

9 months ago - PRNewsWire

Recap: Nelnet Q3 Earnings

Nelnet (NYSE:NNI) reported its Q3 earnings results on Monday, November 8, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

10 months ago - Benzinga

Nelnet Reports Third Quarter 2021 Results

LINCOLN, Neb., Nov. 8, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $53.1 million, or $1.38 per share, for the third quarter of 2021, compared with GAAP net income of $71.5 ...

10 months ago - PRNewsWire

2 Best Value Stocks to Buy Right Now

These two high-quality businesses are growing but trade at dirt-cheap valuations.

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10 months ago - The Motley Fool