Flputnam Investment Management Co. Has $160,000 Stock Position in Nokia Oyj (NYSE:NOK)

Flputnam Investment Management Co. cut its position in shares of Nokia Oyj (NYSE:NOK - Free Report) by 92.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,721 shares of the technology company's stock after selling 548,376 shares during the period. Flputnam Investment Management Co.'s holdings in Nokia Oyj were worth $160,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Axxcess Wealth Management LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at $67,000. Sowell Financial Services LLC bought a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $333,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Nokia Oyj by 22.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company's stock worth $76,000 after buying an additional 3,767 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $768,000. Finally, Walleye Capital LLC bought a new stake in Nokia Oyj in the third quarter valued at $12,591,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NOK shares. Barclays downgraded shares of Nokia Oyj from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 19th. BNP Paribas began coverage on shares of Nokia Oyj in a research note on Friday, January 12th. They set a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $4.39 to $4.26 and set a "neutral" rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of "Hold" and an average target price of $4.42.

Nokia Oyj Trading Up 1.9 %

Shares of NOK stock traded up $0.06 on Friday, reaching $3.52. 17,394,443 shares of the stock were exchanged, compared to its average volume of 15,326,536. The stock has a market cap of $19.80 billion, a PE ratio of 29.29, a P/E/G ratio of 0.93 and a beta of 1.09. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.41. The stock has a 50 day moving average price of $3.53 and a 200 day moving average price of $3.47.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a return on equity of 7.60% and a net margin of 2.99%. During the same quarter in the previous year, the firm earned $0.16 EPS. Equities research analysts forecast that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Nokia Oyj Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.0323 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.67%. Nokia Oyj's payout ratio is currently 75.00%.

About Nokia Oyj

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.