NCR Co. (NYSE:NCR) – Stock analysts at DA Davidson upped their FY2019 earnings estimates for shares of NCR in a note issued to investors on Wednesday, July 31st. DA Davidson analyst M. Summerville now anticipates that the information technology services provider will post earnings of $2.85 per share for the year, up from their prior forecast of $2.80.
NCR has been the subject of a number of other reports. Morgan Stanley increased their price target on shares of NCR from $28.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Benchmark set a $40.00 price target on shares of NCR and gave the company a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 price target for the company. in a report on Wednesday, June 12th. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Finally, TheStreet upgraded shares of NCR from a “c” rating to a “b” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.50.
Shares of NCR stock opened at $30.70 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 6.05. NCR has a fifty-two week low of $20.93 and a fifty-two week high of $35.08. The firm has a fifty day moving average of $31.17. The company has a market cap of $3.95 billion, a P/E ratio of 11.72, a PEG ratio of 2.94 and a beta of 1.61.
NCR (NYSE:NCR) last issued its quarterly earnings results 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 firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 11.3% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of NCR during the 2nd quarter worth about $26,000. Carroll Financial Associates Inc. increased its position in shares of NCR by 998.9% during the 2nd quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 869 shares in the last quarter. Tortoise Index Solutions LLC acquired a new stake in NCR in the 1st quarter valued at about $47,000. Meeder Asset Management Inc. acquired a new stake in NCR in the 2nd quarter valued at about $65,000. Finally, Advisor Group Inc. increased its position in NCR by 30.4% in the 4th quarter. Advisor Group Inc. now owns 2,875 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
In other news, VP Daniel William Campbell sold 31,029 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.98, for a total value of $930,249.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
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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