PNC Financial Services Group Inc. Reduces Stock Holdings in NCR Co. (NYSE:NCR)

PNC Financial Services Group Inc. decreased its stake in NCR Co. (NYSE:NCR) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,464 shares of the information technology services provider’s stock after selling 256 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NCR were worth $714,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of NCR by 21.5% during the 2nd quarter. Bank of Montreal Can now owns 52,817 shares of the information technology services provider’s stock worth $2,420,000 after acquiring an additional 9,350 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of NCR during the 2nd quarter worth approximately $330,000. Parametric Portfolio Associates LLC lifted its stake in shares of NCR by 1.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 509,093 shares of the information technology services provider’s stock worth $23,220,000 after acquiring an additional 6,750 shares during the last quarter. M&T Bank Corp lifted its stake in shares of NCR by 8.6% during the 2nd quarter. M&T Bank Corp now owns 10,756 shares of the information technology services provider’s stock worth $490,000 after acquiring an additional 856 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of NCR by 10.8% during the 3rd quarter. Signaturefd LLC now owns 6,159 shares of the information technology services provider’s stock worth $239,000 after acquiring an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 91.17% of the company’s stock.

In other news, VP Daniel William Campbell sold 11,988 shares of the business’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $41.58, for a total value of $498,461.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adrian Button sold 23,724 shares of the business’s stock in a transaction on Friday, October 29th. The stock was sold at an average price of $39.54, for a total value of $938,046.96. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Shares of NYSE NCR opened at $42.75 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 4.66. The business has a fifty day simple moving average of $41.20 and a two-hundred day simple moving average of $41.99. The firm has a market cap of $5.64 billion, a PE ratio of -29.08 and a beta of 1.72. NCR Co. has a twelve month low of $31.32 and a twelve month high of $50.00.

NCR (NYSE:NCR) last issued its earnings results on Tuesday, October 26th. The information technology services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2 billion. NCR had a positive return on equity of 30.41% and a negative net margin of 2.43%. NCR’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. On average, research analysts expect that NCR Co. will post 2.72 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on NCR from $59.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, October 27th. Stephens assumed coverage on NCR in a research note on Thursday, November 18th. They set an “overweight” rating and a $55.00 price target for the company. Finally, DA Davidson reissued a “buy” rating on shares of NCR in a research note on Thursday, October 28th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $54.50.

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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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