World Asset Management Inc raised its position in Nielsen Holdings PLC (NYSE:NLSN) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,791 shares of the business services provider’s stock after buying an additional 1,780 shares during the period. World Asset Management Inc’s holdings in Nielsen were worth $628,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Parnassus Investments CA increased its stake in shares of Nielsen by 10.4% during the 1st quarter. Parnassus Investments CA now owns 1,938,597 shares of the business services provider’s stock worth $45,887,000 after purchasing an additional 182,035 shares during the last quarter. Washington Trust Bank increased its stake in shares of Nielsen by 29.7% during the 1st quarter. Washington Trust Bank now owns 13,220 shares of the business services provider’s stock worth $313,000 after purchasing an additional 3,026 shares during the last quarter. Hedeker Wealth LLC increased its stake in shares of Nielsen by 10.9% during the 1st quarter. Hedeker Wealth LLC now owns 42,907 shares of the business services provider’s stock worth $1,004,000 after purchasing an additional 4,228 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in shares of Nielsen by 2.2% during the 1st quarter. Clarkston Capital Partners LLC now owns 6,434,045 shares of the business services provider’s stock worth $152,294,000 after purchasing an additional 136,645 shares during the last quarter. Finally, Steinberg Global Asset Management purchased a new stake in shares of Nielsen during the 1st quarter worth approximately $773,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Nielsen from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. ValuEngine lowered shares of Nielsen from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.36.
NLSN traded down $0.25 on Friday, hitting $22.73. The company’s stock had a trading volume of 3,099,147 shares, compared to its average volume of 2,995,959. The stock’s 50 day simple moving average is $23.09. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.21 and a beta of 0.91. Nielsen Holdings PLC has a 12 month low of $21.51 and a 12 month high of $28.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.90.
Nielsen (NYSE:NLSN) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Nielsen had a negative net margin of 10.70% and a positive return on equity of 18.97%. Nielsen’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Research analysts anticipate that Nielsen Holdings PLC will post 1.58 EPS for the current year.
Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.
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