Nelnet, Inc. (NYSE:NNI) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Nelnet, Inc. (NYSE:NNI) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,055 shares of the credit services provider’s stock after buying an additional 5,752 shares during the quarter. American Century Companies Inc. owned 0.34% of Nelnet worth $12,310,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. TFO Wealth Partners LLC lifted its holdings in Nelnet by 49,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 500 shares of the credit services provider’s stock valued at $44,000 after acquiring an additional 499 shares during the period. Covestor Ltd lifted its stake in shares of Nelnet by 139.2% in the 1st quarter. Covestor Ltd now owns 806 shares of the credit services provider’s stock valued at $76,000 after purchasing an additional 469 shares during the period. SG Americas Securities LLC purchased a new stake in Nelnet during the first quarter worth $209,000. ProShare Advisors LLC acquired a new stake in Nelnet during the first quarter valued at $220,000. Finally, Quest Partners LLC purchased a new position in Nelnet in the fourth quarter valued at $282,000. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Nelnet Price Performance

Shares of NYSE NNI opened at $112.94 on Friday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 33.51 and a current ratio of 33.51. The firm has a market cap of $4.11 billion, a PE ratio of 30.52 and a beta of 0.92. Nelnet, Inc. has a one year low of $81.67 and a one year high of $116.13. The firm has a fifty day moving average of $110.91 and a 200 day moving average of $102.55.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Thursday, August 8th. The credit services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.13). The company had revenue of $324.90 million for the quarter. Nelnet had a return on equity of 4.71% and a net margin of 7.44%. As a group, research analysts predict that Nelnet, Inc. will post 5.9 EPS for the current fiscal year.

Nelnet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. Nelnet’s dividend payout ratio (DPR) is presently 30.27%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Cowen increased their target price on shares of Nelnet from $96.00 to $98.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. StockNews.com downgraded Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

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.