NCR Co. (NCR) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in NCR Co. (NYSE:NCR) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,862,075 shares of the information technology services provider’s stock after selling 101,597 shares during the period. NCR makes up approximately 1.0% of Sterling Capital Management LLC’s portfolio, making the stock its 11th biggest position. Sterling Capital Management LLC’s holdings in NCR were worth $109,722,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NCR. First Republic Investment Management Inc. increased its holdings in NCR by 164.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 150,024 shares of the information technology services provider’s stock worth $4,498,000 after purchasing an additional 93,205 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in NCR by 8.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock worth $818,000 after purchasing an additional 2,040 shares in the last quarter. BB&T Securities LLC increased its holdings in NCR by 7.6% during the 2nd quarter. BB&T Securities LLC now owns 82,324 shares of the information technology services provider’s stock worth $2,468,000 after purchasing an additional 5,850 shares in the last quarter. Bank of America Corp DE increased its holdings in NCR by 48.0% during the 2nd quarter. Bank of America Corp DE now owns 855,791 shares of the information technology services provider’s stock worth $25,656,000 after purchasing an additional 277,513 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH increased its holdings in NCR by 34.3% during the 2nd quarter. Lingohr & Partner Asset Management GmbH now owns 47,016 shares of the information technology services provider’s stock worth $1,410,000 after purchasing an additional 12,000 shares in the last quarter. 91.26% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the company. TheStreet lowered NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Benchmark reissued a “buy” rating and set a $44.00 price objective on shares of NCR in a report on Wednesday, July 25th. ValuEngine raised NCR from a “strong sell” rating to a “sell” rating in a report on Monday, October 22nd. UBS Group lowered NCR from an “outperform” rating to a “market perform” 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 Tuesday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. NCR presently has a consensus rating of “Hold” and an average target price of $35.80.

Shares of NYSE NCR traded up $0.32 during midday trading on Friday, reaching $28.35. The company’s stock had a trading volume of 6,189 shares, compared to its average volume of 1,118,373. NCR Co. has a 12-month low of $23.41 and a 12-month high of $38.68. The company has a market capitalization of $2.81 billion, a PE ratio of 8.87, a PEG ratio of 2.29 and a beta of 1.77. 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 announced its earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. NCR had a positive return on equity of 71.51% and a negative net margin of 1.33%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. As a group, research analysts expect that NCR Co. will post 2.61 EPS for the current fiscal year.

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

NCR Company Profile

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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