Elkfork Partners LLC increased its position in NCR Co. (NYSE:NCR) by 17.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,392 shares of the information technology services provider’s stock after acquiring an additional 3,192 shares during the quarter. Elkfork Partners LLC’s holdings in NCR were worth $665,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in NCR. Geode Capital Management LLC boosted its position in shares of NCR by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 1,208,210 shares of the information technology services provider’s stock valued at $27,885,000 after acquiring an additional 158,849 shares during the period. SG Americas Securities LLC raised its stake in NCR by 17.1% in the first quarter. SG Americas Securities LLC now owns 10,532 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 1,535 shares in the last quarter. Rhumbline Advisers raised its stake in NCR by 0.3% in the first quarter. Rhumbline Advisers now owns 334,866 shares of the information technology services provider’s stock valued at $9,138,000 after purchasing an additional 1,017 shares in the last quarter. Comerica Bank raised its stake in NCR by 0.9% in the first quarter. Comerica Bank now owns 91,616 shares of the information technology services provider’s stock valued at $2,649,000 after purchasing an additional 810 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in NCR by 4.4% in the first quarter. Texas Permanent School Fund now owns 80,760 shares of the information technology services provider’s stock valued at $2,204,000 after purchasing an additional 3,411 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.
NCR stock opened at $31.23 on Friday. The company has a market capitalization of $3.98 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.83 and a beta of 1.60. NCR Co. has a one year low of $20.93 and a one year high of $35.08. The company’s 50 day moving average price is $31.73 and its two-hundred day moving average price is $30.53. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.94 and a current ratio of 1.32.
NCR (NYSE:NCR) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.66 by $0.10. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. NCR had a net margin of 2.47% and a return on equity of 86.80%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. On average, research analysts predict that NCR Co. will post 2.82 EPS for the current year.
In other news, EVP J. Robert Ciminera sold 16,888 shares of the firm’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 value of $512,044.16. Following the transaction, the executive vice president now owns 33,278 shares in the company, valued at $1,008,988.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $32.75, for a total transaction of $299,006,386.50. The disclosure for this sale can be found here. Insiders have sold 9,175,687 shares of company stock worth $300,453,197 over the last three months. Insiders own 1.00% of the company’s stock.
A number of brokerages recently weighed in on NCR. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Wednesday, June 12th. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Wells Fargo & Co began coverage on shares of NCR in a research note on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 target price on the stock. TheStreet raised shares of NCR from a “c” rating to a “b” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $31.00 target price on shares of NCR in a research note on Sunday, September 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.57.
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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