Russell Investments Group Ltd. trimmed its holdings in shares of NCR Co. (NYSE:NCR) by 45.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,863 shares of the information technology services provider’s stock after selling 50,336 shares during the period. Russell Investments Group Ltd.’s holdings in NCR were worth $2,246,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Petrus Trust Company LTA bought a new position in shares of NCR during the second quarter worth about $233,000. HighTower Advisors LLC grew its position in NCR by 8.9% in the 2nd quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock valued at $261,000 after buying an additional 525 shares in the last quarter. First Allied Advisory Services Inc. grew its position in NCR by 3.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 8,775 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 257 shares in the last quarter. Shelton Capital Management bought a new position in NCR in the 2nd quarter valued at about $384,000. Finally, FNY Managed Accounts LLC bought a new position in NCR in the 2nd quarter valued at about $571,000. Institutional investors and hedge funds own 90.38% of the company’s stock.
NCR Co. (NCR) traded down $0.09 during midday trading on Friday, hitting $35.85. 1,300,000 shares of the stock were exchanged, compared to its average volume of 1,300,000. The company has a quick ratio of 1.01, a current ratio of 1.42 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of $4,370.00, a price-to-earnings ratio of 24.55 and a beta of 1.82. NCR Co. has a 1-year low of $29.20 and a 1-year high of $49.90.
NCR (NYSE:NCR) last released its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. NCR had a return on equity of 84.72% and a net margin of 5.11%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. equities research analysts predict that NCR Co. will post 3.14 EPS for the current fiscal year.
A number of brokerages recently issued reports on NCR. Zacks Investment Research lowered shares of NCR from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. JPMorgan Chase & Co. set a $45.00 price target on shares of NCR and gave the company a “buy” rating in a report on Saturday, October 21st. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada reissued an “average” rating and issued a $44.00 price target on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their price objective on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.57.
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NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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