Arizona State Retirement System increased its position in shares of NCR Co. (NYSE:NCR) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,837 shares of the information technology services provider’s stock after buying an additional 1,122 shares during the period. Arizona State Retirement System owned 0.07% of NCR worth $1,958,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NCR. Victory Capital Management Inc. boosted its holdings in NCR by 94.0% during the third quarter. Victory Capital Management Inc. now owns 3,098,206 shares of the information technology services provider’s stock worth $88,019,000 after buying an additional 1,501,532 shares in the last quarter. Alliancebernstein L.P. raised its position in NCR by 15.5% during the third quarter. Alliancebernstein L.P. now owns 6,814,174 shares of the information technology services provider’s stock worth $193,591,000 after acquiring an additional 913,020 shares during the period. Thompson Siegel & Walmsley LLC raised its position in NCR by 19.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,966,986 shares of the information technology services provider’s stock worth $84,292,000 after acquiring an additional 486,568 shares during the period. Janus Henderson Group PLC raised its position in NCR by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,720,693 shares of the information technology services provider’s stock worth $134,115,000 after acquiring an additional 455,611 shares during the period. Finally, Royce & Associates LP acquired a new position in NCR during the third quarter worth $11,004,000. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on NCR shares. Oppenheimer restated a “hold” rating on shares of NCR in a research report on Tuesday, October 30th. DA Davidson upgraded shares of NCR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $27.50 to $30.00 in a research report on Tuesday, January 8th. ValuEngine upgraded shares of NCR from a “strong sell” rating to a “sell” rating in a research report on Monday, October 22nd. Royal Bank of Canada upgraded shares of NCR from an “outperform” rating to a “top pick” rating and set a $40.00 price objective for the company in a research report on Tuesday, December 18th. Finally, Zacks Investment Research cut shares of NCR from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.00.
NYSE:NCR opened at $27.57 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 7.47. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 2.37 and a beta of 1.89. NCR Co. has a fifty-two week low of $20.93 and a fifty-two week high of $35.96.
NCR (NYSE:NCR) last issued its earnings results on Thursday, February 7th. The information technology services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.78 billion. NCR had a negative net margin of 1.36% and a positive return on equity of 85.30%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, equities research analysts predict that NCR Co. will post 2.79 EPS for the current year.
In other news, EVP J. Robert Ciminera sold 17,298 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $27.50, for a total value of $475,695.00. Following the completion of the sale, the executive vice president now directly owns 2,495 shares in the company, valued at $68,612.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adrian Button sold 3,645 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $28.53, for a total transaction of $103,991.85. Following the completion of the sale, the senior vice president now owns 26,561 shares of the company’s stock, valued at $757,785.33. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
NCR Company Profile
NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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