Nelnet Business Services, part of Nelnet, has completed the acquisition of all equity and membership interests in Next Gen Web Solutions, thereby becoming its sole owner. Next Gen, a company specializing in software solutions for the higher education sector, will now operate under the Nelnet Campus Commerce division.
This acquisition strategically positions Nelnet (NNI, Financial) to further integrate and expand its services in the educational sector. Next Gen, based in Jacksonville, FL, will be led by Jackie Strohbehn, the President of Nelnet Campus Commerce, as it transitions into its new corporate structure.
This move is expected to enhance Nelnet's offerings within the higher education market, leveraging Next Gen's established software solutions to broaden and strengthen its service portfolio.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Nelnet Inc (NNI, Financial) is $115.00 with a high estimate of $115.00 and a low estimate of $115.00. The average target implies an upside of 9.32% from the current price of $105.20. More detailed estimate data can be found on the Nelnet Inc (NNI) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Nelnet Inc's (NNI, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nelnet Inc (NNI, Financial) in one year is $124.23, suggesting a upside of 18.09% from the current price of $105.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nelnet Inc (NNI) Summary page.
