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Stock analysts at Compass Point boosted their target price on shares of Nelnet (NYSE:NNI) from $53.00 to $54.00 in a report issued on Friday. Compass Point’s price target would suggest a potential upside of 22.95% from the stock’s previous close.

Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Nelnet in a research note on Friday. They now have a $53.00 price target on the stock, up previously from $52.00.

Shares of Nelnet (NYSE:NNI) traded up 6.45% during mid-day trading on Friday, hitting $43.92. The stock had a trading volume of 133,440 shares. Nelnet has a one year low of $34.86 and a one year high of $45.49. The stock’s 50-day moving average is $41.51 and its 200-day moving average is $40.43. The company has a market cap of $2.043 billion and a price-to-earnings ratio of 6.23.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.07. During the same quarter in the prior year, the company posted $1.44 earnings per share. Analysts expect that Nelnet will post $6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%.

Nelnet, Inc is an education services company focused primarily on providing fee-based processing services and education-related products and services in four core areas: asset management and finance, loan servicing, payment processing, and enrollment services (NYSE:NNI).

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