Nelnet (NYSE:NNI) Stock Rating Lowered by StockNews.com

Nelnet (NYSE:NNI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Nelnet Trading Down 0.0 %

Shares of NNI stock opened at $93.65 on Friday. Nelnet has a 52-week low of $81.67 and a 52-week high of $101.60. The company has a debt-to-equity ratio of 3.67, a quick ratio of 35.15 and a current ratio of 35.15. The company has a 50-day simple moving average of $89.60 and a two-hundred day simple moving average of $87.65. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 38.38 and a beta of 0.86.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($1.19). Nelnet had a return on equity of 3.81% and a net margin of 4.43%. The firm had revenue of $260.66 million during the quarter. Research analysts anticipate that Nelnet will post 5.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Nelnet

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Nelnet by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,076,549 shares of the credit services provider’s stock valued at $183,194,000 after acquiring an additional 12,187 shares during the last quarter. BlackRock Inc. boosted its stake in Nelnet by 2.0% in the second quarter. BlackRock Inc. now owns 1,083,584 shares of the credit services provider’s stock valued at $104,544,000 after acquiring an additional 21,038 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Nelnet by 8,395.6% in the first quarter. Envestnet Asset Management Inc. now owns 751,009 shares of the credit services provider’s stock valued at $734,000 after acquiring an additional 742,169 shares during the last quarter. State Street Corp boosted its stake in Nelnet by 2.4% in the first quarter. State Street Corp now owns 356,301 shares of the credit services provider’s stock valued at $30,282,000 after acquiring an additional 8,434 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Nelnet by 2.8% in the second quarter. Geode Capital Management LLC now owns 318,107 shares of the credit services provider’s stock valued at $30,691,000 after acquiring an additional 8,769 shares during the last quarter. 33.51% of the stock is owned by institutional investors.

Nelnet Company Profile

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.