Nelnet (NYSE:NNI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Nelnet, Inc. (NYSE:NNI)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $132.04 and traded as high as $132.09. Nelnet shares last traded at $130.2160, with a volume of 125,499 shares.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NNI shares. Weiss Ratings upgraded shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Zacks Research lowered shares of Nelnet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Nelnet has a consensus rating of “Hold” and an average price target of $140.00.

Nelnet Price Performance

The business has a fifty day moving average price of $132.29 and a 200 day moving average price of $132.04. The company has a debt-to-equity ratio of 2.14, a current ratio of 24.07 and a quick ratio of 24.07. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 11.34 and a beta of 0.79.

Nelnet (NYSE:NNI) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.72). The company had revenue of $419.06 million during the quarter, compared to analyst estimates of $443.84 million. Nelnet had a return on equity of 11.73% and a net margin of 18.45%. On average, research analysts expect that Nelnet, Inc. will post 8.6 earnings per share for the current fiscal year.

Nelnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.33 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.32 annualized dividend and a dividend yield of 1.0%. Nelnet’s dividend payout ratio (DPR) is 11.50%.

Institutional Investors Weigh In On Nelnet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNI. UBS Group AG increased its position in shares of Nelnet by 66.4% during the 3rd 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 during the period. American Century Companies Inc. boosted its stake 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 valued at $23,110,000 after buying an additional 41,302 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Nelnet by 66.4% during the second quarter. Qube Research & Technologies Ltd now owns 96,840 shares of the credit services provider’s stock valued at $11,729,000 after buying an additional 38,628 shares in the last quarter. Marshall Wace LLP grew its holdings in Nelnet by 421.7% during the second quarter. Marshall Wace LLP now owns 46,474 shares of the credit services provider’s stock worth $5,629,000 after acquiring an additional 37,566 shares during the period. Finally, Jane Street Group LLC grew its holdings in Nelnet by 115.1% during the fourth quarter. Jane Street Group LLC now owns 69,711 shares of the credit services provider’s stock worth $9,269,000 after acquiring an additional 37,300 shares during the period. Institutional investors own 33.51% of the company’s stock.

About Nelnet

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.