Janus Henderson Group PLC increased its position in shares of NCR Co. (NYSE:NCR) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,420,957 shares of the information technology services provider’s stock after purchasing an additional 269,918 shares during the period. Janus Henderson Group PLC owned approximately 0.05% of NCR worth $225,761,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NCR. Westfield Capital Management Co. LP raised its holdings in NCR by 103.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,753,407 shares of the information technology services provider’s stock worth $96,810,000 after purchasing an additional 1,400,688 shares in the last quarter. River Road Asset Management LLC increased its holdings in NCR by 37.1% in the fourth quarter. River Road Asset Management LLC now owns 2,797,658 shares of the information technology services provider’s stock valued at $98,366,000 after buying an additional 756,454 shares in the last quarter. Captrust Financial Advisors increased its holdings in NCR by 71,562.2% in the fourth quarter. Captrust Financial Advisors now owns 504,502 shares of the information technology services provider’s stock valued at $17,910,000 after buying an additional 503,798 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in NCR in the fourth quarter valued at about $13,152,000. Finally, Millennium Management LLC increased its holdings in NCR by 365.6% in the third quarter. Millennium Management LLC now owns 471,626 shares of the information technology services provider’s stock valued at $14,884,000 after buying an additional 370,334 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Adrian Button sold 3,745 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.02, for a total value of $112,424.90. Following the completion of the sale, the senior vice president now owns 18,477 shares of the company’s stock, valued at $554,679.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Bedore bought 2,800 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $17.49 per share, with a total value of $48,972.00. Following the transaction, the executive vice president now directly owns 65,754 shares of the company’s stock, valued at $1,150,037.46. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.
NYSE NCR opened at $16.49 on Thursday. NCR Co. has a 12 month low of $10.55 and a 12 month high of $35.87. The company has a 50-day moving average of $25.40 and a 200-day moving average of $30.82. The company has a market cap of $2.05 billion, a P/E ratio of 5.00 and a beta of 1.70. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.24 and a quick ratio of 0.93.
NCR (NYSE:NCR) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. NCR had a net margin of 7.01% and a return on equity of 59.60%. During the same quarter in the previous year, the business posted $0.84 EPS. As a group, equities research analysts anticipate that NCR Co. will post 2.65 EPS for the current year.
NCR has been the subject of a number of research analyst reports. Standpoint Research initiated coverage on shares of NCR in a report on Monday, December 23rd. They issued an “accumulate” rating for the company. Stephens dropped their target price on shares of NCR from $39.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. ValuEngine raised shares of NCR from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet cut shares of NCR from a “b-” rating to a “c+” rating in a report on Tuesday, March 10th. Finally, Morgan Stanley dropped their target price on shares of NCR from $34.00 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.38.
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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