Texas Permanent School Fund lessened its holdings in NCR Co. (NYSE:NCR) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,333 shares of the information technology services provider’s stock after selling 6,367 shares during the period. Texas Permanent School Fund owned about 0.07% of NCR worth $2,798,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC grew its holdings in shares of NCR by 10.0% during the third quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock worth $1,601,000 after purchasing an additional 3,864 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of NCR by 124.0% during the second quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock worth $3,951,000 after purchasing an additional 53,547 shares during the last quarter. Dana Investment Advisors Inc. bought a new stake in shares of NCR during the second quarter worth about $2,361,000. Intrinsic Edge Capital Management LLC bought a new stake in shares of NCR during the second quarter worth about $724,000. Finally, Aurora Investment Counsel bought a new stake in shares of NCR during the fourth quarter worth about $2,063,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.
In other news, EVP J. Robert Ciminera sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction of $72,366.32. Following the transaction, the executive vice president now directly owns 6,802 shares of the company’s stock, valued at $254,122.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on the company. Morgan Stanley cut their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, October 20th. Royal Bank of Canada reaffirmed an “average” rating and issued a $44.00 price objective on shares of NCR in a research note on Friday, October 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $45.00 price objective on NCR and gave the stock a “buy” rating in a research note on Saturday, October 21st. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Finally, ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.25.
Shares of NCR Co. (NYSE NCR) traded down $2.94 on Friday, reaching $30.56. The company’s stock had a trading volume of 4,870,000 shares, compared to its average volume of 1,430,000. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR Co. has a 12-month low of $29.20 and a 12-month high of $49.90. The firm has a market capitalization of $3,720.00, a price-to-earnings ratio of 41.86, a PEG ratio of 2.30 and a beta of 1.83.
NCR (NYSE:NCR) last issued its earnings results on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. NCR had a return on equity of 82.26% and a net margin of 3.56%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. NCR’s revenue for the quarter was down 1.1% on a year-over-year basis. equities research analysts expect that NCR Co. will post 3.32 EPS for the current fiscal year.
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NCR Company Profile
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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