Boston Partners lowered its holdings in shares of NCR Co. (NYSE:NCR) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,272,424 shares of the information technology services provider’s stock after selling 36,683 shares during the period. Boston Partners owned about 1.06% of NCR worth $39,508,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in NCR. Steward Partners Investment Advisory LLC acquired a new position in NCR during the second quarter worth about $26,000. Carroll Financial Associates Inc. raised its position in NCR by 998.9% during the second quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 869 shares during the last quarter. Tortoise Index Solutions LLC acquired a new position in NCR during the first quarter worth about $47,000. Meeder Asset Management Inc. acquired a new position in NCR during the second quarter worth about $65,000. Finally, Financial Gravity Wealth Inc. raised its position in NCR by 303.0% during the second quarter. Financial Gravity Wealth Inc. now owns 2,120 shares of the information technology services provider’s stock worth $66,000 after acquiring an additional 1,594 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.
In related news, VP Paul Langenbahn sold 28,833 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total value of $934,765.86. Following the completion of the sale, the vice president now directly owns 86,925 shares in the company, valued at $2,818,108.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP J. Robert Ciminera sold 16,888 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $30.32, for a total transaction of $512,044.16. Following the completion of the sale, the executive vice president now owns 33,278 shares of the company’s stock, valued at $1,008,988.96. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on NCR shares. Morgan Stanley lifted their target price on shares of NCR from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Co started coverage on shares of NCR in a research report on Wednesday. They issued an “outperform” rating and a $45.00 price objective for the company. Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Wednesday, June 12th. Finally, Benchmark set a $40.00 price objective on shares of NCR and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.00.
Shares of NYSE:NCR traded down $1.22 during trading on Thursday, reaching $32.39. The stock had a trading volume of 142,637 shares, compared to its average volume of 852,826. The business has a fifty day moving average price of $31.76 and a 200-day moving average price of $30.33. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 6.05. The stock has a market cap of $3.98 billion, a P/E ratio of 12.37, a PEG ratio of 2.95 and a beta of 1.60. NCR Co. has a fifty-two week low of $20.93 and a fifty-two week high of $35.08.
NCR (NYSE:NCR) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. NCR had a net margin of 2.47% and a return on equity of 86.80%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that NCR Co. will post 2.8 EPS for the current year.
NCR Company Profile
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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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