Sciencast Management LP Takes $786,000 Position in Nielsen Holdings PLC (NLSN)

Sciencast Management LP bought a new position in shares of Nielsen Holdings PLC (NYSE:NLSN) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,600 shares of the business services provider’s stock, valued at approximately $786,000.

A number of other hedge funds have also recently added to or reduced their stakes in NLSN. Retirement Systems of Alabama raised its stake in shares of Nielsen by 0.9% in the first quarter. Retirement Systems of Alabama now owns 165,512 shares of the business services provider’s stock valued at $3,918,000 after acquiring an additional 1,405 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Nielsen by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 82,691 shares of the business services provider’s stock valued at $1,956,000 after acquiring an additional 2,550 shares during the last quarter. Triad Investment Management raised its stake in shares of Nielsen by 0.6% in the first quarter. Triad Investment Management now owns 107,823 shares of the business services provider’s stock valued at $2,552,000 after acquiring an additional 692 shares during the last quarter. Addenda Capital Inc. raised its stake in shares of Nielsen by 5.3% in the first quarter. Addenda Capital Inc. now owns 136,628 shares of the business services provider’s stock valued at $3,234,000 after acquiring an additional 6,876 shares during the last quarter. Finally, Washington Trust Bank raised its stake in shares of Nielsen by 29.7% in the first quarter. Washington Trust Bank now owns 13,220 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 3,026 shares during the last quarter. 99.84% of the stock is currently owned by institutional investors and hedge funds.

NLSN stock opened at $26.14 on Wednesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 1.21. Nielsen Holdings PLC has a fifty-two week low of $20.53 and a fifty-two week high of $34.86. The company has a market capitalization of $9.42 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.42 and a beta of 0.88.

Nielsen (NYSE:NLSN) last released its earnings results on Thursday, February 28th. The business services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Nielsen had a positive return on equity of 13.68% and a negative net margin of 10.93%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm posted $0.52 EPS. Nielsen’s revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Nielsen Holdings PLC will post 1.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Wednesday, March 6th. Nielsen’s dividend payout ratio is presently 80.92%.

NLSN has been the subject of a number of research analyst reports. SunTrust Banks set a $28.00 target price on shares of Nielsen and gave the company a “buy” rating in a research note on Thursday, March 28th. Morgan Stanley set a $26.00 price objective on shares of Nielsen and gave the stock a “buy” rating in a research report on Tuesday, January 8th. Zacks Investment Research restated a “hold” rating on shares of Nielsen in a research report on Monday, December 31st. Credit Suisse Group set a $27.00 price objective on shares of Nielsen and gave the stock a “hold” rating in a research report on Friday, March 1st. Finally, ValuEngine upgraded shares of Nielsen from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.73.

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Nielsen Company Profile

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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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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