Nelnet, Inc. Class A (NNI)

Nelnet's stock price increased by 12.98% between October 16, 2024, and October 15, 2025. In Q1 2025, Nelnet reported its results on May 8, 2025. In May 2024, discussions arose regarding student loan consolidations, causing concern and delays. Nelnet reported strong second-quarter results on August 6, 2025, with revenues of $516.1 million, up 61% year-on-year. On October 2, 2025, Nelnet Campus Commerce hosted its annual Virtual Client Summit. Nelnet announced on October 15, 2025, that it would release its third-quarter results for the period ended September 30, 2025. On October 23, 2025, Nelnet Canada announced an agreement to acquire Finastra's Canadian student loan servicing business, which services 2.4 million borrowers, with the transaction expected to close in Q1 2026.

Specific detailed information on the demand seasonality for Nelnet, Inc.'s products and services is not publicly available. Demand for Nelnet's services is likely influenced by the academic calendar, with potential peaks around student enrollment periods, the start of academic terms, and student loan repayment cycles.

Nelnet, Inc. is a diversified financial services company focused on education-related services, technology, and asset management, operating in the Credit Services industry within the Financial Services sector. The company's business is structured into four main segments: Loan Servicing and Systems, which provides services such as loan conversion, payment processing, and customer service; Education Technology Services and Payments, which delivers education services and payment technology; Asset Generation and Management, which involves acquiring and managing loan assets; and Nelnet Bank, which operates as an internet industrial bank.

Nelnet's primary geographic footprint is in the United States. The company is expanding its international presence through its subsidiary, Nelnet Canada, Inc., which is acquiring Finastra's Canadian student loan servicing business to service 2.4 million borrowers in Canada, with the transaction expected to close in Q1 2026.

Nelnet's brand reputation has been influenced by both positive developments and challenges. The company received new servicing contracts from the U.S. Department of Education's Office of Federal Student Aid, and Nelnet Bank introduced K-12 high-yield savings in collaboration with FACTS. However, Nelnet announced job cuts in its diversified services unit in March 2023, and in May 2024, there were discussions about student loan consolidations, leading to borrower concern and speculation about the Department of Education's potential shift away from using for-profit servicers.

Nelnet's ownership is a mix of institutional, retail, and individual investors. Insiders hold approximately 55.20% of the company's stock, with Michael Dunlap being the largest shareholder with 22% of outstanding shares. Institutional investors own approximately 13.96% to 24.81% of the company's stock, while public companies and individual investors hold around 10.85% to 19.98%. Major institutional owners include Dimensional Fund Advisors Lp, Magnolia Group, Llc, Vanguard Group Inc, Farmers & Merchants Investments Inc, BlackRock, Inc., DFSVX - U.s. Small Cap Value Portfolio - Institutional Class, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Geode Capital Management, Llc, IWM - iShares Russell 2000 ETF, and NAESX - Vanguard Small-Cap Index Fund Investor Shares.