Swiss National Bank increased its stake in NCR Co. (NYSE:NCR) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 206,959 shares of the information technology services provider’s stock after purchasing an additional 4,200 shares during the quarter. Swiss National Bank’s holdings in NCR were worth $7,035,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NCR. Boston Partners acquired a new position in NCR in the 4th quarter worth $36,771,000. Rockefeller Financial Services Inc. boosted its stake in NCR by 72.4% in the 4th quarter. Rockefeller Financial Services Inc. now owns 1,900,222 shares of the information technology services provider’s stock worth $64,589,000 after purchasing an additional 798,308 shares during the period. Ameriprise Financial Inc. boosted its stake in NCR by 58.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock worth $36,155,000 after purchasing an additional 356,171 shares during the period. Sterling Capital Management LLC boosted its stake in NCR by 9.5% in the 3rd quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock worth $111,045,000 after purchasing an additional 256,201 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new position in NCR in the 4th quarter worth $4,703,000. 90.94% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the transaction, the executive vice president now directly owns 6,802 shares in the company, valued at approximately $254,122.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
NCR Co. (NCR) opened at $32.57 on Friday. NCR Co. has a one year low of $29.20 and a one year high of $49.90. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.09 and a current ratio of 1.50. The company has a market cap of $3,973.54, a PE ratio of 10.15, a PEG ratio of 2.44 and a beta of 1.83.
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 Zacks’ consensus estimate of $0.87 by $0.05. NCR had a net margin of 3.56% and a return on equity of 80.11%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted $1.07 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. research analysts anticipate that NCR Co. will post 3.34 earnings per share for the current year.
NCR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet lowered shares of NCR from a “b-” rating to a “c” rating in a research note on Friday, February 9th. Morgan Stanley reduced their target price on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $44.00 target price on shares of NCR in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. NCR presently has a consensus rating of “Hold” and a consensus target price of $45.25.
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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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