Nelnet Inc - Ordinary Shares - Class A

NYSE:NNI   9:30:01 AM EDT
72.01
-0.21 (-0.29%)
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Market Cap (Intraday)2.76B
Current PE17.27
Forward PE 8.39
2yr Forward PE 10.29
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Estimates Current Quarter
Revenue$500.91 Million
Adjusted EPS$5.67
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NELNET INC Stock, NYSE:NNI

121 SOUTH 13TH ST, STE 201, LINCOLN, NE 68508
United States of America
Phone: 402-458-2370
Number of Employees: 6200

Description

Nelnet, Inc. provides education related products and services, and student loan asset management services in the United States and internationally. The company's Loan Systems and Servicing segment 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 the company's student loan portfolio and for third-party clients. This segment also provides software and data center, borrower and loan updates, default aversion tracking, claim processing, and post-default collection services for guarantee agencies; and contact center solutions, as well as licenses student loan servicing software to third-party student loan holders and servicers. Its Tuition Payment Processing and Campus Commerce segment offers products and services to help students and families to manage the payment of education costs at various levels; school information system software; and education-focused technologies, services, and support solutions to schools for collecting and processing commerce data. It also serves K-12 schools, higher education institutions, and colleges and universities. The company's Communications segment provides Internet access, data connectivity, Internet protocol television video, video on demand, and high-definition television services, as well as digital video recorders to residential and business subscribers; and local calling and long-distance telephone services. This segment offers its services through direct marketing, call centers, communication centers, and sales representatives, as well as through its Website. Its Asset Generation and Management segment engages in the acquisition, management, and ownership of the company's student loan assets. The company also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.