Allianz Asset Management GmbH lessened its stake in NCR Co. (NYSE:NCR) by 61.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,577 shares of the information technology services provider’s stock after selling 114,932 shares during the quarter. Allianz Asset Management GmbH’s holdings in NCR were worth $2,288,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of NCR. Rockefeller Capital Management L.P. bought a new position in shares of NCR in the first quarter valued at approximately $60,758,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of NCR by 300.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 1,897,136 shares of the information technology services provider’s stock valued at $59,797,000 after purchasing an additional 1,422,911 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of NCR by 23.8% in 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 purchasing an additional 1,104,426 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of NCR by 36.1% in the fourth quarter. Sterling Capital Management LLC now owns 4,028,177 shares of the information technology services provider’s stock valued at $136,918,000 after purchasing an additional 1,068,564 shares in the last quarter. Finally, Darrell & King LLC bought a new position in shares of NCR in the first quarter valued at approximately $30,925,000. Institutional investors own 90.62% of the company’s stock.
Shares of NCR opened at $29.77 on Thursday. The company has a debt-to-equity ratio of 5.05, a current ratio of 1.51 and a quick ratio of 1.07. The company has a market cap of $3.56 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.83. NCR Co. has a 12 month low of $26.00 and a 12 month high of $43.24.
NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, May 1st. The information technology services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.11. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.47 billion. NCR had a return on equity of 70.12% and a net margin of 2.97%. During the same period last year, the business posted $0.56 earnings per share. NCR’s revenue was up 2.6% on a year-over-year basis. equities research analysts predict that NCR Co. will post 3.3 EPS for the current year.
In other news, CEO Michael D. Hayford bought 17,500 shares of the firm’s stock in a transaction on Tuesday, May 8th. The stock was acquired at an average cost of $29.28 per share, with a total value of $512,400.00. Following the completion of the transaction, the chief executive officer now directly owns 178,014 shares of the company’s stock, valued at approximately $5,212,249.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.
A number of brokerages recently commented on NCR. ValuEngine downgraded NCR from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Oppenheimer decreased their price target on NCR from $51.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, May 24th. DA Davidson set a $33.00 price target on NCR and gave the company a “hold” rating in a research report on Wednesday, May 2nd. Finally, TheStreet raised NCR from a “c” rating to a “b-” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $41.57.
NCR Company Profile
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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