Hanson & Doremus Investment Management decreased its stake in shares of NCR Co. (NYSE:NCR) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,213 shares of the information technology services provider’s stock after selling 400 shares during the period. Hanson & Doremus Investment Management’s holdings in NCR were worth $2,258,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Skyline Asset Management LP lifted its stake in NCR by 5.4% in the 4th quarter. Skyline Asset Management LP now owns 263,400 shares of the information technology services provider’s stock valued at $9,261,000 after purchasing an additional 13,500 shares during the last quarter. Garnet Equity Capital Holdings Inc. lifted its position in shares of NCR by 76.5% during the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 150,000 shares of the information technology services provider’s stock valued at $5,274,000 after acquiring an additional 65,000 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of NCR during the 4th quarter valued at $13,152,000. Triangle Securities Wealth Management grew its holdings in shares of NCR by 7.9% during the 4th quarter. Triangle Securities Wealth Management now owns 27,295 shares of the information technology services provider’s stock worth $960,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in shares of NCR by 128.7% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,186 shares of the information technology services provider’s stock worth $76,000 after purchasing an additional 1,230 shares in the last quarter. 91.62% of the stock is owned by institutional investors.
Shares of NYSE NCR traded up $0.31 during midday trading on Thursday, reaching $35.65. The stock had a trading volume of 5,353 shares, compared to its average volume of 631,227. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 13.59 and a beta of 1.65. NCR Co. has a twelve month low of $25.30 and a twelve month high of $35.53. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.98 and a current ratio of 1.35. The company’s 50 day moving average price is $34.11 and its 200 day moving average price is $31.91.
NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, November 7th. The information technology services provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. NCR had a net margin of 1.30% and a return on equity of 79.96%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts forecast that NCR Co. will post 2.8 earnings per share for the current fiscal year.
In other news, EVP James Bedore sold 2,707 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $32.45, for a total transaction of $87,842.15. Following the completion of the sale, the executive vice president now owns 48,700 shares of the company’s stock, valued at approximately $1,580,315. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Adrian Button sold 8,238 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $33.29, for a total transaction of $274,243.02. Following the sale, the senior vice president now directly owns 11,654 shares of the company’s stock, valued at approximately $387,961.66. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Several equities research analysts have weighed in on NCR shares. Morgan Stanley restated a “hold” rating and set a $31.00 target price on shares of NCR in a research note on Sunday, September 22nd. Wells Fargo & Co began coverage on shares of NCR in a report on Wednesday, September 18th. They set an “outperform” rating and a $45.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of NCR to $48.00 and gave the stock a “top pick” rating in a report on Thursday, December 19th. TheStreet lowered shares of NCR from a “b-” rating to a “c” rating in a report on Friday, November 8th. Finally, ValuEngine lowered shares of NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. NCR has an average rating of “Hold” and an average target price of $38.63.
NCR Company Profile
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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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