American Century Companies Inc. Sells 1,725 Shares of Nelnet, Inc. (NYSE:NNI)

American Century Companies Inc. trimmed its holdings in shares of Nelnet, Inc. (NYSE:NNI) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,478 shares of the credit services provider’s stock after selling 1,725 shares during the period. American Century Companies Inc. owned approximately 0.32% of Nelnet worth $12,548,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Christopher J. Hasenberg Inc bought a new position in Nelnet during the fourth quarter worth $38,000. Blue Trust Inc. boosted its position in shares of Nelnet by 1,293.1% during the 4th quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 375 shares in the last quarter. FMR LLC grew its stake in shares of Nelnet by 20.3% in the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider’s stock valued at $63,000 after buying an additional 94 shares during the period. MML Investors Services LLC grew its stake in shares of Nelnet by 7.4% in the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock valued at $258,000 after buying an additional 157 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Nelnet in the 3rd quarter valued at about $323,000. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Stock Performance

NNI opened at $111.03 on Wednesday. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 36.52 and a beta of 0.89. The company’s fifty day moving average price is $113.29 and its two-hundred day moving average price is $111.23. Nelnet, Inc. has a 1-year low of $92.24 and a 1-year high of $127.32. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Thursday, February 27th. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. The business had revenue of $401.61 million during the quarter, compared to the consensus estimate of $335.00 million. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. On average, analysts expect that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, February 28th. Nelnet’s payout ratio is currently 22.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Nelnet from a “hold” rating to a “buy” rating in a research note on Tuesday, March 4th.

Nelnet 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.