Mid Atlantic Financial Management Inc. ADV reduced its stake in shares of NCR Co. (NYSE:NCR) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,647 shares of the information technology services provider’s stock after selling 700 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in NCR were worth $269,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NCR. Norges Bank bought a new position in NCR during the 4th quarter worth $11,727,000. Thompson Siegel & Walmsley LLC raised its position in NCR by 14.0% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,623,747 shares of the information technology services provider’s stock worth $71,603,000 after purchasing an additional 321,560 shares during the last quarter. Eagle Asset Management Inc. raised its position in NCR by 92.2% during the 1st quarter. Eagle Asset Management Inc. now owns 487,389 shares of the information technology services provider’s stock worth $13,300,000 after purchasing an additional 233,796 shares during the last quarter. Janus Henderson Group PLC raised its position in NCR by 3.0% during the 2nd quarter. Janus Henderson Group PLC now owns 6,099,125 shares of the information technology services provider’s stock worth $189,683,000 after purchasing an additional 180,231 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in NCR by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 1,208,210 shares of the information technology services provider’s stock worth $27,885,000 after purchasing an additional 158,849 shares during the last quarter. 95.25% of the stock is owned by institutional investors and hedge funds.
Shares of NCR stock opened at $29.85 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 6.05. The business has a 50-day moving average price of $31.13 and a two-hundred day moving average price of $29.85. NCR Co. has a 1-year low of $20.93 and a 1-year high of $35.08. The company has a market cap of $3.67 billion, a P/E ratio of 11.39, a PEG ratio of 2.72 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, topping the Zacks’ consensus estimate of $0.66 by $0.10. NCR had a return on equity of 86.80% and a net margin of 2.47%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the business posted $0.65 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that NCR Co. will post 2.8 EPS for the current fiscal year.
In other NCR news, EVP J. Robert Ciminera sold 16,888 shares of the stock in a transaction dated Monday, August 26th. The stock was 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 directly owns 33,278 shares in the company, valued at approximately $1,008,988.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several brokerages recently issued reports on NCR. TheStreet raised NCR from a “c” rating to a “b” rating in a research report on Tuesday, July 30th. Morgan Stanley raised their target price on NCR from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Benchmark set a $40.00 target price on NCR and gave the stock a “buy” rating in a research report on Wednesday, July 31st. ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Finally, Zacks Investment Research downgraded 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $34.50.
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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