The stock of Nelnet, Inc.
Several research firms have recently commented on NNI. On August 9 the stock rating was downgraded to "Neutral" from "Buy" in a statement from Compass Point. The stock of ABB Ltd. (VTX:ABBN) earned "Hold" rating by Independent Research on Saturday, July 23. TheStreet raised shares of Nelnet from a "d+" rating to a "c" rating in a report on Tuesday, August 8th.
A few brokerages have released ratings on the company of late. Compass Point maintained Nelnet, Inc. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & global trademark & copyright laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/21/zacks-nelnet-inc-nni-receives-average-recommendation-of-strong-buy-from-brokerages.html.
Shares of Nelnet (NNI) traded up 5.46% during trading on Thursday, reaching $54.12. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.58 and a beta of 1.00.
Company shares last traded at $59.48 quite a bit above the 50 day moving average of $49.85 and which is significantly above the 200 day moving average of $46.32. Nelnet has a 1-year low of $37.86 and a 1-year high of $59.68.
Nelnet (NYSE:NNI) last posted its earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Nelnet had a net margin of 20.19% and a return on equity of 9.65%. Next quarter's EPS is estimated at $1.04 and the next full year EPS is anticipated to be $4.32. Equities analysts forecast that Nelnet will post $4.47 earnings per share for the current year.
A total of 2 firms have reported on the stock. 2,000 shares valued at $90,000 were sold by MUHLEISEN ANGIE on Thursday, June 15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. William J. Munn, Secy/Chief Legal Off/Gen Coun sold $50,000 worth of shares at an average price of $50.00 on Tue the 26th. The disclosure for this sale can be found here. The total value of its holdings decreased 5.2%. Insiders own 45.40% of the company's stock.
Large investors have recently modified their holdings of the business. Public Employees Retirement System of OH now owns 2,156 shares of the credit services provider's stock worth $101,000 after acquiring an additional 123 shares during the last quarter. Compass Point maintained Nelnet, Inc. American International Group Inc. now owns 12,458 shares of the credit services provider's stock valued at $546,000 after buying an additional 828 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Nelnet in the 2nd quarter valued at $214,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Nelnet during the 2nd quarter worth about $239,000.
Nelnet to Acquire Great Lakes Educational Loan Services. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Business's segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.