Sterling Capital Management LLC lifted its holdings in NCR Co. (NYSE:NCR) by 36.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,028,177 shares of the information technology services provider’s stock after purchasing an additional 1,068,564 shares during the period. NCR comprises about 1.2% of Sterling Capital Management LLC’s portfolio, making the stock its 7th largest holding. Sterling Capital Management LLC owned 3.30% of NCR worth $136,918,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of NCR by 392.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 6,400 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 5,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NCR by 43.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 1,979 shares in the last quarter. Oakbrook Investments LLC purchased a new position in shares of NCR in the 4th quarter valued at about $226,000. Financial Counselors Inc. increased its stake in shares of NCR by 34.5% in the 4th quarter. Financial Counselors Inc. now owns 7,475 shares of the information technology services provider’s stock valued at $254,000 after purchasing an additional 1,918 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of NCR in the 4th quarter valued at about $257,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.
NCR stock traded down $0.58 during trading hours on Monday, reaching $34.22. The company’s stock had a trading volume of 16,408 shares, compared to its average volume of 1,230,146. NCR Co. has a 52 week low of $29.20 and a 52 week high of $45.92. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 4.07. The stock has a market cap of $4,120.32, a price-to-earnings ratio of 10.84, a P/E/G ratio of 2.61 and a beta of 1.87.
NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. NCR had a return on equity of 80.11% and a net margin of 3.56%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business earned $1.07 EPS. NCR’s quarterly revenue was down 1.1% on a year-over-year basis. analysts anticipate that NCR Co. will post 3.34 earnings per share for the current year.
Several equities analysts recently weighed in on the company. TheStreet lowered NCR from a “b-” rating to a “c” rating in a research note on Friday, February 9th. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley cut their price objective on NCR from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. Benchmark reiterated a “buy” rating and set a $44.00 price objective on shares of NCR in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.33.
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 value of $72,366.32. Following the completion of the sale, the executive vice president now directly owns 6,802 shares in the company, valued at $254,122.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Langenbahn sold 4,522 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $33.90, for a total value of $153,295.80. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding NCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Co. (NYSE:NCR).
Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.