Nelnet, Inc. (NYSE:NNI) Stock Holdings Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Nelnet, Inc. (NYSE:NNI) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,997,981 shares of the credit services provider’s stock after selling 35,232 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Nelnet worth $213,403,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Christopher J. Hasenberg Inc purchased a new stake in shares of Nelnet during the fourth quarter valued at $38,000. Blue Trust Inc. lifted its stake in Nelnet by 1,293.1% during the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock valued at $46,000 after buying an additional 375 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Nelnet by 796.0% in the fourth quarter. Sterling Capital Management LLC now owns 448 shares of the credit services provider’s stock worth $48,000 after buying an additional 398 shares during the period. FMR LLC increased its position in shares of Nelnet by 20.3% in the third quarter. FMR LLC now owns 556 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 94 shares in the last quarter. Finally, Venator Management LLC acquired a new stake in shares of Nelnet during the fourth quarter valued at approximately $214,000. 33.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Nelnet Stock Up 4.6 %

NYSE:NNI opened at $106.82 on Wednesday. The business’s fifty day moving average price is $111.18 and its 200 day moving average price is $110.35. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 35.14 and a beta of 0.88. 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, Inc. has a 1-year low of $93.59 and a 1-year high of $127.32.

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

Nelnet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 28th. Nelnet’s payout ratio is currently 22.40%.

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.