CLARET ASSET MANAGEMENT Corp trimmed its position in Nokia Oyj (NYSE:NOK) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,621 shares of the technology company’s stock after selling 3,450 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Nokia Oyj were worth $514,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC grew its stake in Nokia Oyj by 1,375.2% in the second quarter. Truvestments Capital LLC now owns 4,942 shares of the technology company’s stock worth $25,000 after purchasing an additional 4,607 shares during the period. Regal Wealth Group Inc. bought a new stake in Nokia Oyj in the second quarter worth $38,000. Synovus Financial Corp boosted its holdings in Nokia Oyj by 88.9% in the second quarter. Synovus Financial Corp now owns 8,500 shares of the technology company’s stock worth $43,000 after acquiring an additional 4,000 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Nokia Oyj by 47,619.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 10,021 shares of the technology company’s stock worth $50,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Ausdal Financial Partners Inc. bought a new stake in Nokia Oyj in the second quarter worth $55,000. 7.60% of the stock is currently owned by institutional investors.
NOK has been the topic of several analyst reports. Zacks Investment Research raised Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Monday, July 29th. Craig Hallum reissued a “buy” rating on shares of Nokia Oyj in a report on Friday, August 30th. Raymond James raised Nokia Oyj from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 25th. Charter Equity raised Nokia Oyj from a “market perform” rating to a “buy” rating in a report on Friday, July 26th. Finally, ValuEngine raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.79.
Shares of NYSE:NOK traded up $0.06 during midday trading on Friday, reaching $5.00. 995,098 shares of the company’s stock traded hands, compared to its average volume of 19,353,874. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 18.56 and a beta of 0.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.05 and a current ratio of 1.34. Nokia Oyj has a one year low of $4.71 and a one year high of $6.65. The stock has a 50 day moving average of $5.03 and a 200 day moving average of $5.23.
Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.40 billion. Nokia Oyj had a positive return on equity of 7.84% and a negative net margin of 2.26%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. Sell-side analysts predict that Nokia Oyj will post 0.27 EPS for the current fiscal year.
Nokia Oyj Company Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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