OLD National Bancorp IN boosted its holdings in NCR Co. (NYSE:NCR) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,915 shares of the information technology services provider’s stock after purchasing an additional 9,106 shares during the quarter. OLD National Bancorp IN’s holdings in NCR were worth $1,119,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in NCR by 8.9% in the second quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 525 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in NCR by 43.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 1,979 shares in the last quarter. Oakbrook Investments LLC bought a new stake in NCR in the fourth quarter worth approximately $226,000. Stoneridge Investment Partners LLC bought a new stake in NCR in the fourth quarter worth approximately $289,000. Finally, State of Alaska Department of Revenue bought a new stake in NCR in the fourth quarter worth approximately $299,000. Institutional investors and hedge funds own 90.18% of the company’s stock.
Several research firms have recently commented on NCR. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. DA Davidson began coverage on NCR in a report on Wednesday, February 7th. They set a “neutral” rating and a $39.00 price objective for the company. Zacks Investment Research downgraded NCR from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Morgan Stanley decreased their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, Benchmark restated a “buy” rating and set a $44.00 price objective on shares of NCR in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.25.
Shares of NCR Co. (NCR) opened at $31.46 on Wednesday. The company has a market capitalization of $3,869.84, a P/E ratio of 9.88, a PEG ratio of 2.38 and a beta of 1.83. NCR Co. has a 1-year low of $29.20 and a 1-year high of $49.90. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 4.07.
NCR (NYSE:NCR) last released its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.75 billion. NCR had a return on equity of 80.11% and a net margin of 3.56%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. sell-side analysts expect that NCR Co. will post 3.34 EPS for the current year.
In related news, EVP J. Robert Ciminera sold 1,937 shares of NCR stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction of $72,366.32. Following the transaction, the executive vice president now owns 6,802 shares of the company’s stock, valued at $254,122.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.
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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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