AXA decreased its position in shares of NCR Co. (NYSE:NCR) by 61.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,609 shares of the information technology services provider’s stock after selling 242,091 shares during the period. AXA owned 0.13% of NCR worth $5,221,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in NCR by 23.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,742,529 shares of the information technology services provider’s stock valued at $195,189,000 after buying an additional 1,104,426 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of NCR in the fourth quarter worth about $4,978,000. Calamos Advisors LLC increased its stake in shares of NCR by 23.2% in the fourth quarter. Calamos Advisors LLC now owns 1,306,256 shares of the information technology services provider’s stock worth $44,400,000 after purchasing an additional 245,766 shares during the period. Spark Investment Management LLC increased its stake in shares of NCR by 78.4% in the fourth quarter. Spark Investment Management LLC now owns 114,700 shares of the information technology services provider’s stock worth $3,898,000 after purchasing an additional 50,400 shares during the period. Finally, Financial Counselors Inc. increased its stake in shares of NCR by 34.5% in the fourth quarter. Financial Counselors Inc. now owns 7,475 shares of the information technology services provider’s stock worth $254,000 after purchasing an additional 1,918 shares during the period. 93.02% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on NCR. TheStreet lowered NCR from a “b-” rating to a “c” rating in a research note on Friday, February 9th. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley dropped their price objective on NCR from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. Benchmark reissued a “buy” rating and set a $44.00 target price on shares of NCR in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.33.
NYSE NCR traded down $0.58 during trading on Friday, reaching $30.71. 690,497 shares of the company traded hands, compared to its average volume of 874,385. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $3,704.74, a price-to-earnings ratio of 9.60, a PEG ratio of 2.34 and a beta of 1.89. NCR Co. has a 1-year low of $29.20 and a 1-year high of $45.23.
NCR (NYSE:NCR) last released its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. The company had revenue of $1.78 billion for 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 period in the previous year, the business earned $1.07 earnings per share. analysts predict that NCR Co. will post 3.34 earnings per share for the current year.
In other NCR news, EVP Paul Langenbahn sold 4,522 shares of NCR stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.90, for a total transaction of $153,295.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP J. Robert Ciminera sold 1,937 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total value of $72,366.32. Following the completion of the transaction, the executive vice president now directly owns 6,802 shares in the company, valued at $254,122.72. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
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NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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 applications, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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