NELNET INC CLASS A (NNI)
Financials · Diversified Financial Services / Education Technology · NYSE
Nelnet is a diversified financial services and education technology firm specializing in student loan servicing, payment processing, and alternative asset investments.
What NELNET INC CLASS A does
Nelnet is a diversified financial services and technology company that provides loan servicing, education technology, and payment processing services. The company also engages in various other business activities, including asset management, renewable energy project investment, and insurance through reinsurance operations. Nelnet manages a significant portfolio of student loans and provides technology solutions primarily to the education sector.
Themes: student loan servicing, education technology / EdTech, payment processing, renewable energy investment, asset management
Fundamentals
- Price$127.03 as of 2026-08-21 close
- Market cap$4.6B as of 2026-08-24
- 1-year return+1.7% 2025-08-21 close $124.87 → 2026-08-21 close $127.03
- P/E11.01 as of 2026-08-24
- Net margin+20.8% as of 2026-08-24
- Gross margin+64.9% as of 2026-08-24
- ROE+11.4% as of 2026-08-24
- Debt / equity2.53 as of 2026-08-24
- Revenue growth (YoY)-0.6% as of 2026-08-24
- Beta0.78 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +1.3%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How NNI compares in its sector
- price-to-earnings ratiomiddle range 525 covered Financials peers, as of 2026-08-24
- net profit marginmiddle range 538 covered Financials peers, as of 2026-08-24
- operating marginmiddle range 534 covered Financials peers, as of 2026-08-24
- gross marginmiddle range 176 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- indicated dividend yieldbottom 25% 453 covered Financials peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
NNI is not currently in any published Top 10 list. Its scores are below.
Long-term score
39.7 #833 of 987 scored · #186 of 191 in Financials
Valuation 80th (price to book 1.3, price to earnings 11) and profitability 55th (operating margin 24.8%, return on equity 11.4%); weakest is growth (14th, revenue growth year over year -0.6%).
Short-term score
35.8 #1542 of 1,704 scored · #262 of 277 in Financials
Volume and participation 96th: trading volume is about normal versus its 30-day average; momentum 33rd: mid-range on the stochastic oscillator; weakest is setup 18th: no fresh 20-day breakout up or down.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, NNI's dividend was covered by reported results (earnings payout 10%, free-cash-flow payout 11%). This describes past coverage, not a forecast.
- Earnings payout10% dividends / net income
- Free-cash-flow payout11% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How NELNET INC CLASS A looks technically
NELNET INC CLASS A (NNI) is trading 3.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 4 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 27, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 9 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 3.7% below its 200-day average, the long-term trend line — a long-term downtrend | -3.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $131.79 | $131.79 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $131.89 | $131.89 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 9 calendar days ago — the swings before that are what the structure reading is measured on | 9 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 123.32. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 4 trading days ago — a "death cross", a bearish long-term signal | 4 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 27, with sellers in control | 27.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30) | 40.2 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($123.32 to $139.38) — its "stochastic" reading is 23 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 23.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 11 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $144.38 | $144.38 |
|---|---|---|
| From the 52-week high | it is 12.0% below its 52-week high (its highest price of the past year) | -12.0% |
| Above the 52-week low | it is 8.9% above its 52-week low (its lowest price of the past year) | +8.9% |
| Below the 52-week high | it is 12.0% below its highest point of the past year | 12.0% |
| Since a 20-day breakout | it made a new 20-day low about 9 trading days ago | 9 sessions |
| Since a 55-day breakout | it made a new 55-day low about 9 trading days ago | 9 sessions |
| All-time high | its highest closing price on record is $144.38 (set on 2026-04-28) | $144.38 |
| Given back of the 52-week move | over the past year its closes ranged ($122.20 to $144.23), and it has recovered roughly a quarter of its fall from last year’s high — 22% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $135.81 to $136.52. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. Worth noting that the whole move happened in 14 days, so it is a narrow thing to be measuring a retracement against. | 21.9% |
| From the all-time high | it is 12.0% below its all-time high | -12.0% |
| Nearest price level | it is sitting right on a resistance level at $127.42 — a price it turned at 10 times since 2024-11-06, most recently on 2026-06-03. Since 2024-08-21 it has 7 such levels below the current price and 5 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.3% |
| All-time low | its lowest closing price on record is $4.06 (set on 2009-03-02) | $4.06 |
| Above the all-time low | it is 3028.8% above its all-time low | +3,029% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 86% of the past ~6 months) | 86th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $3.32 between its high and its low — about 2.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $3.32 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $121.43 and $140.74 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $121.43 – $131.08 – $140.74 |
| Typical daily range (% of price) | its price moves about 2.6% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.6% |
| Stretch from the 200-day average | it is trading 1.5 daily ranges below its 200-day average price (3.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.5 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.69× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a doji | 6 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 6 sessions ago |
|---|---|---|
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.1% |
|---|---|---|
| Gap filled | a 3.2% gap up opened on 2026-06-11 has been "filled" 10 sessions ago — price traded back through the level the gap left behind, and it took 38 sessions to close | 10 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +1.08% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.9 percentage points (the stock lost 4.6% while the market gained 2.3%) | -6.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 5.1 percentage points (the stock lost 2.0% while the market gained 3.1%) | -5.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 13.7 percentage points (the stock lost 2.6% while the market gained 11.1%) | -13.7% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 18.8 percentage points (the stock gained 1.7% while the market gained 20.5%) | -18.8% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a strong downtrend, with sellers in control, a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 2.7% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.5% of the share price, which is taken to mean a barrier that gives way easily. | -2.7% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 3% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $131.36 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -3.3% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% below the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is under water. That average is $127.82 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP. | -0.6% |
Price levels it has turned at before
NNI last closed at $127.03 on 2026-08-21. Since 2024-08-21 it has turned at 7 prices below its last close and 5 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $127.42 | Resistance | 0.3% above the last close | turned there 10 times · 2024-11-06 to 2026-06-03 |
| $124.34 | Support | 2.1% below the last close | turned there three times · 2025-08-21 to 2026-03-18 |
| $130.73 | Resistance | 2.9% above the last close | turned there 9 times · 2025-08-07 to 2026-07-23 |
| $121.96 | Support | 4.0% below the last close | turned there 8 times · 2025-02-28 to 2026-08-12 |
| $135.06 | Resistance | 6.3% above the last close | turned there 9 times · 2025-09-08 to 2026-07-17 |
| $116.07 | Support | 8.6% below the last close | turned there five times · 2024-08-30 to 2026-05-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $123.32.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 3 trading days, since 2026-08-19.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · lagging the market · Trading below the Ichimoku cloud · Most technical signals bearish · Near a resistance level (pressing into a price that has capped it before) | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$130.00 range $130.00 – $130.00
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NNI
- Consensus EPS estimate$2.09 next reporting period, as of 2026-08-07
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Dependence on the federal student loan industry and potential regulatory changes to student loan programs.","Exposure to interest rate fluctuations and credit risk within its loan and investment portfolios.","Operational risk related to the maintenance of complex servicing systems and cybersecurity."]
What changed in the latest 10-Q
AI-assisted comparison of NNI's 10-Q filed 2026-05-07 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added reference to 'consolidated financial statements included in the 2025 Annual Report' (newer filing, filed 2026-05-07) versus '2024 Annual Report' (older filing, filed 2025-11-06)
- Added phrase 'focus,' 'objective,' 'pursue,' in forward-looking statements keyword list (newer filing, filed 2026-05-07)
- Added 'Canada Student Loan Program' to list of servicing programs (newer filing, filed 2026-05-07)
- Added 'residual interests therein' in loan portfolio risks section (newer filing, filed 2026-05-07)
- Changed reference from 'investment interests therein' to 'residual interests therein' in securitization risks (newer filing, filed 2026-05-07)
- Added 'solar tax equity partnerships' as distinct risk category (newer filing, filed 2026-05-07)
- Simplified description of company business mix in OVERVIEW section (newer filing, filed 2026-05-07)
- Removed:
- Removed mention of 'ALLO' fiber communications company investment (older filing, filed 2025-11-06)
- Removed specific reference to 'solar construction business' (older filing, filed 2025-11-06)
- Removed parenthetical about 'errors that occasionally occur in converting loan servicing portfolios to a new servicing platform' (older filing, filed 2025-11-06)
- Removed phrase 'including recent changes to the regulatory environment in the United States' from regulatory compliance risks (older filing, filed 2025-11-06)
- Removed 'to pursue additional strategic investments' phrase (older filing, filed 2025-11-06)
- Removed 'diversified hybrid holding company' descriptor (older filing, filed 2025-11-06)
- Reworded:
- Changed period covered from 'three and nine months ended September 30, 2025 and 2024' to 'three months ended March 31, 2026 and 2025' (newer filing, filed 2026-05-07)
- Changed 'The discussion should be read' to 'The discussion and analysis should be read' (newer filing, filed 2026-05-07)
- Changed 'investment interests therein' to 'residual interests therein' in multiple risk factor bullets (newer filing, filed 2026-05-07)
- Changed 'solar tax equity investments' to 'solar tax equity partnerships' (newer filing, filed 2026-05-07)
- Rephrased OVERVIEW from longer descriptive format to more concise statement about 'operating holding company' focus (newer filing, filed 2026-05-07)
- Removed enumeration of specific diversification investments (ALLO, venture capital, real estate, reinsurance, solar) from OVERVIEW, replaced with general statement (newer filing, filed 2026-05-07)
- Notes:
- Newer filing text appears truncated at the GAAP Net Income table; full comparison of that section not possible
- Older filing text also appears truncated in the same section
- Period covered differs significantly between filings (quarterly vs. nine-month periods), making some contextual differences expected rather than substantive MD&A changes
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for NNI — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding NNI as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 1,370,859
- Reported value $176,785,995
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
NNI had 574,897 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for NNI because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 574,897
- Prior settlement (shares) 553,135
- Reported change 3.93%
- Days to cover (reported) 6.41
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Navient (NAVI)
- SoFi Technologies (SOFI)
- Blackbaud (BLKB)
- Flywire (FLYW)
- Global Payments (GPN)
- Fiserv
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare NNI vs…
NELNET INC CLASS A is found in…
Frequently asked questions
What does NELNET INC CLASS A (NNI) do?
Nelnet is a diversified financial services and technology company that provides loan servicing, education technology, and payment processing services. The company also engages in various other business activities, including asset management, renewable energy project investment, and insurance through reinsurance operations. Nelnet manages a significant portfolio of student loans and provides technology solutions primarily to the education sector.
What sector is NELNET INC CLASS A (NNI) in?
NELNET INC CLASS A (NNI) is classified in the Financials sector. Its industry is Diversified Financial Services / Education Technology. It trades on NYSE.
Does NNI pay a dividend?
Yes — NELNET INC CLASS A (NNI) pays a dividend, with an indicated yield of about 1.31% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are NELNET INC CLASS A's (NNI) competitors?
Notable peers of NELNET INC CLASS A (NNI) include Navient, SoFi Technologies, Blackbaud, Flywire and Global Payments. This peer set is informational only — not financial advice.
Is NELNET INC CLASS A (NNI) overbought or oversold right now?
NELNET INC CLASS A (NNI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 40, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NNI come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.