Profund Advisors LLC raised its position in NCR Co. (NYSE:NCR) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,317 shares of the information technology services provider’s stock after acquiring an additional 336 shares during the period. Profund Advisors LLC’s holdings in NCR were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in NCR by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,538,293 shares of the information technology services provider’s stock valued at $96,328,000 after acquiring an additional 137,710 shares in the last quarter. Engaged Capital LLC lifted its stake in shares of NCR by 10.4% during the first quarter. Engaged Capital LLC now owns 2,356,447 shares of the information technology services provider’s stock worth $89,427,000 after buying an additional 221,188 shares during the period. Clearbridge Investments LLC lifted its stake in shares of NCR by 8.7% during the first quarter. Clearbridge Investments LLC now owns 1,696,089 shares of the information technology services provider’s stock worth $64,367,000 after buying an additional 136,072 shares during the period. Geode Capital Management LLC lifted its stake in shares of NCR by 3.3% during the first quarter. Geode Capital Management LLC now owns 1,620,128 shares of the information technology services provider’s stock worth $61,483,000 after buying an additional 51,907 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of NCR by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 1,612,665 shares of the information technology services provider’s stock worth $73,554,000 after buying an additional 86,493 shares during the period. Institutional investors own 89.57% of the company’s stock.
In other news, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction on Monday, August 9th. The stock was bought at an average price of $40.68 per share, with a total value of $48,816.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.
NCR (NYSE:NCR) last issued its earnings results on Tuesday, August 3rd. The information technology services provider reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. NCR had a negative net margin of 2.34% and a positive return on equity of 27.72%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.62 billion. As a group, equities analysts expect that NCR Co. will post 2.59 EPS for the current year.
Several research firms have recently commented on NCR. Morgan Stanley lowered their price objective on shares of NCR from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, August 4th. Royal Bank of Canada raised their target price on shares of NCR from $47.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, August 4th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NCR currently has a consensus rating of “Buy” and an average price target of $46.22.
NCR Company Profile
NCR Corp. engages in the development, manufacture and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers solutions for the financial services industries. The Retail segment focuses on the customers for the retail industries.
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