StockNews.com Upgrades Nelnet (NYSE:NNI) to Buy

Nelnet (NYSE:NNI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Nelnet Trading Down 1.8 %

NYSE NNI opened at $120.16 on Tuesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. The firm has a market cap of $4.36 billion, a PE ratio of 39.52 and a beta of 0.91. Nelnet has a one year low of $85.50 and a one year high of $127.32. The firm’s fifty day moving average is $109.87 and its two-hundred day moving average is $110.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC acquired a new position in shares of Nelnet during the third quarter worth about $2,613,000. MML Investors Services LLC increased its stake in shares of Nelnet by 7.4% during the third quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 157 shares during the period. Barclays PLC increased its stake in shares of Nelnet by 127.4% during the third quarter. Barclays PLC now owns 28,996 shares of the credit services provider’s stock worth $3,285,000 after acquiring an additional 16,245 shares during the period. Intech Investment Management LLC acquired a new position in shares of Nelnet during the third quarter worth about $323,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Nelnet during the third quarter worth about $851,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

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.