Nelnet, Inc. $NNI Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in Nelnet, Inc. (NYSE:NNI) by 41.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,567 shares of the credit services provider’s stock after buying an additional 4,269 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Nelnet were worth $1,826,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Nelnet by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,546,041 shares of the credit services provider’s stock valued at $193,843,000 after acquiring an additional 4,819 shares during the last quarter. UBS Group AG boosted its holdings in Nelnet by 66.4% in the third quarter. UBS Group AG now owns 191,826 shares of the credit services provider’s stock valued at $24,051,000 after purchasing an additional 76,534 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Nelnet by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 185,029 shares of the credit services provider’s stock valued at $23,199,000 after purchasing an additional 12,941 shares during the last quarter. American Century Companies Inc. raised its holdings in Nelnet by 28.9% during the third quarter. American Century Companies Inc. now owns 184,316 shares of the credit services provider’s stock worth $23,110,000 after purchasing an additional 41,302 shares in the last quarter. Finally, Bar Harbor Wealth Management raised its holdings in Nelnet by 0.9% during the third quarter. Bar Harbor Wealth Management now owns 110,594 shares of the credit services provider’s stock worth $13,866,000 after purchasing an additional 1,028 shares in the last quarter. 33.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen restated a “hold” rating on shares of Nelnet in a report on Thursday, January 8th. Zacks Research raised shares of Nelnet from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Nelnet Price Performance

Shares of NYSE NNI opened at $126.82 on Friday. The stock has a market cap of $4.55 billion, a P/E ratio of 10.78 and a beta of 0.82. Nelnet, Inc. has a twelve month low of $98.15 and a twelve month high of $142.87. The stock has a 50 day moving average of $130.60 and a two-hundred day moving average of $130.59. The company has a current ratio of 28.27, a quick ratio of 28.27 and a debt-to-equity ratio of 2.18.

Nelnet (NYSE:NNI) last announced its earnings results on Thursday, February 26th. The credit services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Nelnet had a return on equity of 12.43% and a net margin of 18.99%.The business had revenue of $392.76 million for the quarter, compared to analysts’ expectations of $382.00 million. On average, research analysts forecast that Nelnet, Inc. will post 4.52 earnings per share for the current year.

Nelnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, February 27th. This represents a $1.32 annualized dividend and a dividend yield of 1.0%. Nelnet’s dividend payout ratio is 11.21%.

Nelnet Profile

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.