Nokia Oyj (NYSE:NOK) Stock Holdings Cut by Nomura Holdings Inc.

Nomura Holdings Inc. cut its stake in shares of Nokia Oyj (NYSE:NOK) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,974 shares of the technology company’s stock after selling 14,384 shares during the quarter. Nomura Holdings Inc.’s holdings in Nokia Oyj were worth $663,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Axxcess Wealth Management LLC purchased a new stake in shares of Nokia Oyj in the third quarter valued at $67,000. Sowell Financial Services LLC purchased a new stake in shares of Nokia Oyj during the fourth quarter worth $333,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Nokia Oyj by 22.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock worth $76,000 after acquiring an additional 3,767 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Nokia Oyj during the third quarter worth $768,000. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Nokia Oyj by 6.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 81,070 shares of the technology company’s stock worth $277,000 after acquiring an additional 4,761 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Stock Up 0.7 %

Shares of NOK opened at $3.69 on Friday. The company has a market capitalization of $20.35 billion, a P/E ratio of 23.03, a PEG ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The business’s 50 day simple moving average is $3.74 and its 200-day simple moving average is $3.57.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, April 18th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.19 billion. As a group, sell-side analysts predict that Nokia Oyj will post 0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NOK. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.42.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.