Rational Advisors LLC Invests $301,000 in NCR Co. (NCR)

Rational Advisors LLC bought a new position in shares of NCR Co. (NYSE:NCR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,600 shares of the information technology services provider’s stock, valued at approximately $301,000.

A number of other large investors also recently made changes to their positions in NCR. Wells Fargo & Company MN raised its stake in shares of NCR by 386.3% in the first quarter. Wells Fargo & Company MN now owns 1,987,821 shares of the information technology services provider’s stock worth $90,804,000 after buying an additional 1,579,083 shares in the last quarter. Norges Bank bought a new stake in shares of NCR during the fourth quarter worth $52,346,000. Pictet Asset Management Ltd. raised its stake in shares of NCR by 65.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,341,000 shares of the information technology services provider’s stock worth $61,257,000 after buying an additional 528,200 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of NCR by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 2,664,830 shares of the information technology services provider’s stock worth $121,730,000 after buying an additional 427,480 shares in the last quarter. Finally, First Quadrant L P CA raised its stake in shares of NCR by 95.9% in the first quarter. First Quadrant L P CA now owns 821,936 shares of the information technology services provider’s stock worth $37,546,000 after buying an additional 402,299 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

Shares of NCR Co. (NYSE:NCR) traded up 1.86% during midday trading on Friday, hitting $39.37. 1,023,468 shares of the stock were exchanged. The firm’s 50-day moving average is $42.60 and its 200-day moving average is $42.42. NCR Co. has a 12 month low of $25.20 and a 12 month high of $49.90. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 27.55 and a beta of 1.82.

NCR (NYSE:NCR) last issued its earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. NCR had a net margin of 4.13% and a return on equity of 76.86%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that NCR Co. will post $3.37 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was first reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://transcriptdaily.com/2017/05/20/rational-advisors-llc-invests-301000-in-ncr-co-ncr.html.

A number of equities research analysts have weighed in on NCR shares. TheStreet lowered shares of NCR from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Zacks Investment Research raised shares of NCR from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, April 12th. Royal Bank of Canada reissued a “buy” rating on shares of NCR in a research report on Tuesday, March 14th. Citigroup Inc raised shares of NCR to an “outperform” rating and set a $51.00 price objective for the company in a research report on Thursday, March 16th. Finally, CIBC raised shares of NCR from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

In related news, EVP J. Robert Ciminera sold 3,086 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $42.48, for a total transaction of $131,093.28. Following the completion of the transaction, the executive vice president now owns 9,888 shares of the company’s stock, valued at $420,042.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Frederick Marquardt sold 5,852 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $49.06, for a total transaction of $287,099.12. Following the transaction, the executive vice president now directly owns 83,344 shares of the company’s stock, valued at approximately $4,088,856.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,014,479 shares of company stock valued at $146,094,674. 1.20% of the stock is currently owned by corporate insiders.

About NCR

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.

12 Month Chart for NYSE:NCR

Receive News & Ratings for NCR Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply