NCR Co. (NCR) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lessened its position in shares of NCR Co. (NYSE:NCR) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,164 shares of the information technology services provider’s stock after selling 14,690 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD owned 0.07% of NCR worth $2,305,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of NCR by 6.5% in the 1st quarter. Amalgamated Bank now owns 26,995 shares of the information technology services provider’s stock valued at $851,000 after buying an additional 1,652 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of NCR by 1.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 97,933 shares of the information technology services provider’s stock valued at $3,086,000 after buying an additional 1,700 shares during the period. Eagle Boston Investment Management Inc. lifted its holdings in shares of NCR by 3.9% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock valued at $1,429,000 after buying an additional 1,809 shares during the period. Cascade Investment Advisors Inc. lifted its holdings in shares of NCR by 8.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock valued at $818,000 after buying an additional 2,040 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of NCR by 4.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock valued at $1,361,000 after buying an additional 2,059 shares during the period. Institutional investors and hedge funds own 91.26% of the company’s stock.

Several brokerages have recently issued reports on NCR. ValuEngine raised NCR from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Oppenheimer cut NCR from an “outperform” rating to a “market perform” rating and set a $37.00 price objective for the company. in a report on Friday, July 27th. UBS Group cut NCR from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. TheStreet cut NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Finally, Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. NCR currently has a consensus rating of “Hold” and a consensus target price of $38.83.

NYSE NCR opened at $25.79 on Friday. The stock has a market capitalization of $3.05 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 2.48 and a beta of 1.77. NCR Co. has a twelve month low of $24.15 and a twelve month high of $38.68. The company has a quick ratio of 1.01, a current ratio of 1.46 and a debt-to-equity ratio of 7.89.

NCR (NYSE:NCR) last released its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.59 billion. NCR had a positive return on equity of 73.82% and a negative net margin of 0.80%. NCR’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, equities research analysts expect that NCR Co. will post 2.61 EPS for the current year.

NCR declared that its board has authorized a share repurchase program on Thursday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the information technology services provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

About NCR

NCR Corporation provides omni-channel technology solutions for businesses to 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, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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