Two Sigma Securities LLC bought a new position in NCR Co. (NYSE:NCR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,651 shares of the information technology services provider’s stock, valued at approximately $260,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of NCR by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,281,834 shares of the information technology services provider’s stock worth $315,488,000 after acquiring an additional 1,253,248 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in NCR by 23.8% during the 4th 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. Lyrical Asset Management LP lifted its holdings in NCR by 4.3% during the 4th quarter. Lyrical Asset Management LP now owns 4,577,074 shares of the information technology services provider’s stock valued at $155,575,000 after buying an additional 187,445 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in NCR by 9.5% during the 3rd quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock valued at $111,045,000 after buying an additional 256,201 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in NCR by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock valued at $103,806,000 after buying an additional 36,796 shares in the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.
NYSE NCR traded down $0.58 during trading on Friday, reaching $30.71. 690,497 shares of the company’s stock traded hands, compared to its average volume of 874,385. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.09 and a current ratio of 1.50. The company has a market capitalization of $3,636.06, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.89. NCR Co. has a 12-month low of $29.20 and a 12-month high of $45.23.
NCR (NYSE:NCR) last posted its earnings results on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.75 billion. NCR had a net margin of 3.56% and a return on equity of 80.11%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. equities analysts expect that NCR Co. will post 3.34 earnings per share for the current fiscal year.
In other news, EVP J. Robert Ciminera sold 1,937 shares of NCR stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total value of $72,366.32. Following the transaction, the executive vice president now owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson assumed coverage on shares of NCR in a report on Wednesday, February 7th. They set a “neutral” rating and a $39.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $44.00 price objective on shares of NCR in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, TheStreet lowered shares of NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. NCR has a consensus rating of “Hold” and a consensus price target of $43.33.
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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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