Cornerstone Capital Management Holdings LLC. trimmed its stake in NCR Corporation (NYSE:NCR) by 42.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,130 shares of the information technology services provider’s stock after selling 234,095 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.26% of NCR Corporation worth $13,114,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. FNY Partners Fund LP purchased a new stake in NCR Corporation in the first quarter worth approximately $107,000. Oppenheimer Asset Management Inc. purchased a new stake in NCR Corporation in the first quarter worth approximately $114,000. Highbridge Capital Management LLC purchased a new stake in NCR Corporation in the first quarter worth approximately $216,000. Petrus Trust Company LTA purchased a new stake in NCR Corporation in the second quarter worth approximately $233,000. Finally, Globeflex Capital L P purchased a new stake in NCR Corporation in the first quarter worth approximately $273,000. Institutional investors own 88.04% of the company’s stock.
Shares of NCR Corporation (NYSE NCR) traded down 0.71% during mid-day trading on Friday, reaching $37.53. The company’s stock had a trading volume of 1,178,935 shares. NCR Corporation has a 12-month low of $29.83 and a 12-month high of $49.90. The stock has a market capitalization of $4.56 billion, a P/E ratio of 23.12 and a beta of 1.91. The company’s 50-day moving average price is $36.33 and its 200-day moving average price is $39.66.
NCR Corporation (NYSE:NCR) last released its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. On average, equities research analysts forecast that NCR Corporation will post $3.37 earnings per share for the current fiscal year.
NCR has been the subject of several research reports. Zacks Investment Research raised NCR Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Compass Point initiated coverage on NCR Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $48.00 target price for the company. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 target price on shares of NCR Corporation in a research note on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Finally, TheStreet raised NCR Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $47.67.
NCR Corporation 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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