Nelnet, Inc. engages in loan servicing, communications, and education technology, services, and payment processing businesses worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; assistance with financial needs assessment; school information system software that automates administrative processes; professional development and educational instruction services; and technology products that aid in teacher and student evaluations. It also offers technology and payments services, including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software; and mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers. Its Communications segment fiber optic service to homes and businesses for internet, television, and telephone services. Its data services include high-speed internet access; and telephone services comprise local and long distance telephone, hostedPBX, and other services. Its Asset Generation and Management segment acquires, manages, and owns loan assets. It also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.
IPO Year: 2003
Exchange: NYSE
Website: nelnet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2023 | $95.00 | Market Perform | TD Cowen |
| 3/2/2022 | $96.00 → $92.00 | Neutral | Credit Suisse |
| 1/13/2022 | $92.00 → $96.00 | Outperform → Neutral | Credit Suisse |
TD Cowen initiated coverage of Nelnet with a rating of Market Perform and set a new price target of $95.00
Credit Suisse reiterated coverage of Nelnet with a rating of Neutral and set a new price target of $92.00 from $96.00 previously
Credit Suisse downgraded Nelnet from Outperform to Neutral and set a new price target of $96.00 from $92.00 previously
SC 13D/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
SC 13D/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
SC 13D/A - NELNET INC (0001258602) (Subject)
SC 13G/A - NELNET INC (0001258602) (Subject)
Boston Omaha Corporation (NYSE:BOC) ("Boston Omaha" or the "Company") today announced the appointment of David S. Graff to the Boston Omaha Corporation Board of Directors, effective immediately. Mr. Graff will serve as Chair of the Audit Committee and a member of the Compensation Committee. "We are thrilled to welcome David Graff as a member of the Board of Directors of Boston Omaha," said Adam K. Peterson, chairman and chief executive officer of Boston Omaha. "David's has tremendous experience from his founding and growing Hudl over the past 19 years." Hudl provides online video analysis and coaching tools software for professional, college, high school, club, and youth teams and athlete
Edge Focus, a leading fintech company focused on consumer finance, announced today a strategic investment by Nelnet, Inc. (NYSE:NNI), a financial services company specializing in investment management, education technology, and asset servicing. Nelnet's equity investment in Edge Focus expands an existing partnership, including a strategy to acquire consumer loan portfolios. Edge Focus and Nelnet see the potential for opportunities to work together and leverage the parties' leading respective strengths. This strategic collaboration will enable Edge Focus to accelerate its growth and innovation while leveraging Nelnet's extensive experience in financial services and asset management. "We
LINCOLN, Neb., Nov. 7, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $2.4 million, or $0.07 per share, for the third quarter of 2024, compared with GAAP net income of $44.4 million, or $1.18 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $12.4 million, or $0.34 per share, for the third quarter of 2024, compared with $42.0 million, or $1.12 per share, for the same period in 2023. The third quarter 2024 operating results included the following items. A non-cash provision expense of $29.0 million ($22.0 million after tax, or $0.60 per share) related to the company's ownership of beneficial interest in loan s
LINCOLN, Neb., Oct. 14, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced it will release earnings for the third quarter ended September 30, 2024, after the close of the New York Stock Exchange on Thursday, November 7, 2024. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.nelnetinc.com. View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-third-quarter-results-302275558.html SOURCE Nelnet, Inc.
LINCOLN, Neb., Aug. 8, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $45.1 million, or $1.23 per share, for the second quarter of 2024, compared with GAAP net income of $27.4 million, or $0.73 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $43.9 million, or $1.20 per share, for the second quarter of 2024, compared with $25.9 million, or $0.69 per share, for the same period in 2023. "The operating results and cash generation from our businesses continue to be strong in 2024," said Jeff Noordhoek, chief executive officer of Nelnet. "We are excited about our current and future opportunities, always with a c
LINCOLN, Neb., July 23, 2024 /PRNewswire/ -- FACTS®, a Nelnet company (NYSE:NNI), announced at the recent FACTS Elevate Conference the consolidation of multiple Nelnet brands into the FACTS brand. CD2 Learning, Catholic Faith Technologies, My Catholic Faith Delivered and aware3 will now be known as FACTS. Their solutions joined the FACTS family of products and services, offering customers a comprehensive suite of solutions to elevate education and learning. In support of this brand consolidation, FACTS unveiled a new website designed to represent its expanded set of products and services. FACTS' core offerings are defined as education technology, education services and financial management
Discover Financial Services (NYSE:DFS) announced today that Discover Bank ("Discover") has entered into an agreement to sell its private student loan portfolio to one or more strategic partnerships comprised of investment vehicles and accounts managed by Carlyle (NASDAQ:CG) and KKR (NYSE:KKR) , with Firstmark Services, a division of Nelnet (NYSE:NNI), assuming responsibility for servicing the portfolio upon the sale. As of June 30, 2024, the principal balance of the private student loan portfolio was approximately $10.1 billion. The purchase price payable to Discover in the transaction is at a premium to the principal balance of the private student loan portfolio and, based on certain ass
LINCOLN, Neb., July 11, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced it will release earnings for the second quarter ended June 30, 2024, after the close of the New York Stock Exchange on Thursday, August 8, 2024. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.nelnetinc.com. View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-second-quarter-results-302195224.html SOURCE Nelnet, Inc.
LINCOLN, Neb., May 9, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024, compared with GAAP net income of $26.5 million, or $0.71 per share, for the same period a year ago. Net income, excluding derivative market value adjustments[1], was $67.2 million, or $1.81 per share, for the first quarter of 2024, compared with $54.9 million, or $1.47 per share, for the same period in 2023. "We are extremely pleased with the results of the first quarter," said Jeff Noordhoek, chief executive officer of Nelnet. "Our core businesses performed well in an uncertain environment. We continue to look for market opportunit
LINCOLN, Neb., April 17, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced it will release earnings for the first quarter ended March 31, 2024, after the close of the New York Stock Exchange on Thursday, May 9, 2024. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.nelnetinc.com. View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-first-quarter-results-302119886.html SOURCE Nelnet
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
4 - NELNET INC (0001258602) (Issuer)
10-Q - NELNET INC (0001258602) (Filer)
8-K - NELNET INC (0001258602) (Filer)
8-K - NELNET INC (0001258602) (Filer)
10-Q - NELNET INC (0001258602) (Filer)
8-K - NELNET INC (0001258602) (Filer)
8-K - NELNET INC (0001258602) (Filer)
8-K - NELNET INC (0001258602) (Filer)
10-Q - NELNET INC (0001258602) (Filer)
8-K - NELNET INC (0001258602) (Filer)
DEFA14A - NELNET INC (0001258602) (Filer)
Boston Omaha Corporation (NYSE:BOC) ("Boston Omaha" or the "Company") today announced the appointment of David S. Graff to the Boston Omaha Corporation Board of Directors, effective immediately. Mr. Graff will serve as Chair of the Audit Committee and a member of the Compensation Committee. "We are thrilled to welcome David Graff as a member of the Board of Directors of Boston Omaha," said Adam K. Peterson, chairman and chief executive officer of Boston Omaha. "David's has tremendous experience from his founding and growing Hudl over the past 19 years." Hudl provides online video analysis and coaching tools software for professional, college, high school, club, and youth teams and athlete
LINCOLN, Neb., June 1, 2022 /PRNewswire/ -- FACTS, a division of Nelnet, Inc. (NYSE:NNI), today announced the appointment of Dan Hughes as national sales director, K–12, effective June 1. Hughes most recently served as FACTS' regional director, east region. "Dan is a true champion for FACTS' mission and has years of first-hand knowledge of the K–12 market in which we operate. He has a strong vision for the future of FACTS and the leadership skills necessary to help his team reach new heights, which makes him an ideal fit for this role," said Scott Spethman, president of FACTS. Hughes has over 20 years of K–12 sales experience, serving as national sales director at Tuition Management Systems
LINCOLN, Neb., March 17, 2022 /PRNewswire/ -- Nelnet (NYSE:NNI) announced today that its board of directors has been expanded to 10 members and enhanced with the appointments of Jona Van Deun, Adam Peterson, and Matthew Dunlap. "We are proud to add three new members to our board of directors," said Mike Dunlap, executive chairman of Nelnet. "Jona, Adam, and Matthew each bring fresh perspectives, their own areas of expertise, and a commitment to Nelnet's values, goals, and services." With an extensive background in politics and public affairs, Van Deun formerly served as the vice president of small business coalitions and engagement for the United States Chamber of Commerce and the director o
LINCOLN, Neb., Nov. 7, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $2.4 million, or $0.07 per share, for the third quarter of 2024, compared with GAAP net income of $44.4 million, or $1.18 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $12.4 million, or $0.34 per share, for the third quarter of 2024, compared with $42.0 million, or $1.12 per share, for the same period in 2023. The third quarter 2024 operating results included the following items. A non-cash provision expense of $29.0 million ($22.0 million after tax, or $0.60 per share) related to the company's ownership of beneficial interest in loan s
LINCOLN, Neb., Aug. 8, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $45.1 million, or $1.23 per share, for the second quarter of 2024, compared with GAAP net income of $27.4 million, or $0.73 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $43.9 million, or $1.20 per share, for the second quarter of 2024, compared with $25.9 million, or $0.69 per share, for the same period in 2023. "The operating results and cash generation from our businesses continue to be strong in 2024," said Jeff Noordhoek, chief executive officer of Nelnet. "We are excited about our current and future opportunities, always with a c
LINCOLN, Neb., May 9, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024, compared with GAAP net income of $26.5 million, or $0.71 per share, for the same period a year ago. Net income, excluding derivative market value adjustments[1], was $67.2 million, or $1.81 per share, for the first quarter of 2024, compared with $54.9 million, or $1.47 per share, for the same period in 2023. "We are extremely pleased with the results of the first quarter," said Jeff Noordhoek, chief executive officer of Nelnet. "Our core businesses performed well in an uncertain environment. We continue to look for market opportunit
LINCOLN, Neb., Feb. 1, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on Friday, March 15, 2024, to shareholders of record at the close of business on Friday, March 1, 2024. The company also announced it will release earnings for the fourth quarter and year ended December 31, 2023, after the close of the New York Stock Exchange on Tuesday, February 27, 2024. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.n
LINCOLN, Neb., Aug. 7, 2023 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $28.3 million, or $0.75 per share, for the second quarter of 2023, compared with GAAP net income of $85.1 million, or $2.26 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $26.7 million, or $0.71 per share, for the second quarter of 2023, compared with $54.4 million, or $1.44 per share, for the same period in 2022. In April 2023, the company redeemed certain loan asset-backed debt securities (bonds and notes payable) prior to their maturity. The remaining unamortized debt discount associated with these bonds at the time of redemption was w
LINCOLN, Neb., May 8, 2023 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023, compared with GAAP net income of $186.6 million, or $4.91 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $54.9 million, or $1.47 per share, for the first quarter of 2023, compared with $75.9 million, or $1.99 per share, for the same period in 2022. "The results of the first quarter positions Nelnet for a bright future," said Jeff Noordhoek, chief executive officer of Nelnet. "We believe Nelnet has the financial strength and liquidity to continue investing in our core busines
LINCOLN, Neb., Feb. 1, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.26 per share. The dividend will be paid on Wednesday, March 15, 2023, to shareholders of record at the close of business on Wednesday, March 1, 2023. The company also announced it will release earnings for the fourth quarter and year ended December 31, 2022, after the close of the New York Stock Exchange on Tuesday, February 28, 2023. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at
LINCOLN, Neb., Nov. 7, 2022 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $104.8 million, or $2.80 per share, for the third quarter of 2022, compared with GAAP net income of $53.1 million, or $1.38 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $64.5 million, or $1.73 per share, for the third quarter of 2022, compared with $47.6 million, or $1.23 per share, for the same period in 2021. "During the third quarter, each of our core businesses performed at a high level and delivered strong results," said Jeff Noordhoek, chief executive officer of Nelnet. "Across Nelnet, our purpose is to serve. While there is a lot
LINCOLN, Neb., Aug. 8, 2022 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $85.1 million, or $2.26 per share, for the second quarter of 2022, compared with GAAP net income of $83.9 million, or $2.16 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $54.4 million, or $1.44 per share, for the second quarter of 2022, compared with $85.1 million, or $2.20 per share, for the same period in 2021. "Our strong second quarter results reflect our long-term focus," said Jeff Noordhoek, chief executive officer of Nelnet. "In the quarter, we made several investments for long-term growth and value creation, including product and
LINCOLN, Neb. , July 5, 2022 /PRNewswire/ -- Nelnet (NYSE:NNI) announced today a controlling investment in affiliates of GRNE Solutions, LLC (GRNE), known as GRNE Solar, a leading Midwest solar engineering, procurement, and construction (EPC) firm. In addition, Nelnet acquired certain solar assets from an affiliate of GRNE, some already generating power and others currently being constructed. The transaction closed July 1, 2022. GRNE designs and installs residential, commercial and utility-scale solar systems in Illinois, Indiana, Iowa, Nebraska, Missouri and soon in Colorado. Its solar projects typically generate between 1 megawatt (MW) to 5 MWs of power. GRNE also offers battery backup, el