NCR Co. (NCR) Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in NCR Co. (NYSE:NCR) by 97.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,771 shares of the information technology services provider’s stock after acquiring an additional 6,799 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NCR were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of NCR. Aperio Group LLC increased its position in NCR by 8.7% in the 1st quarter. Aperio Group LLC now owns 38,590 shares of the information technology services provider’s stock valued at $1,216,000 after acquiring an additional 3,104 shares in the last quarter. California Public Employees Retirement System increased its position in NCR by 4.3% in the 1st quarter. California Public Employees Retirement System now owns 450,159 shares of the information technology services provider’s stock valued at $14,189,000 after acquiring an additional 18,365 shares in the last quarter. Dimensional Fund Advisors LP increased its position in NCR by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,241,314 shares of the information technology services provider’s stock valued at $39,126,000 after acquiring an additional 118,590 shares in the last quarter. Russell Investments Group Ltd. increased its position in NCR by 77.7% in the 1st quarter. Russell Investments Group Ltd. now owns 213,254 shares of the information technology services provider’s stock valued at $6,720,000 after acquiring an additional 93,256 shares in the last quarter. Finally, Silchester International Investors LLP increased its position in NCR by 36.9% in the 1st quarter. Silchester International Investors LLP now owns 64,032 shares of the information technology services provider’s stock valued at $2,018,000 after acquiring an additional 17,257 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Several research firms have weighed in on NCR. Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of NCR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. TheStreet cut shares of NCR from a “b-” rating to a “c-” rating in a research report on Friday, July 27th. JPMorgan Chase & Co. reduced their target price on shares of NCR from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Finally, Oppenheimer lowered shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 target price on the stock. in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two 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 $38.83.

Shares of NYSE NCR opened at $28.27 on Thursday. The stock has a market capitalization of $3.36 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 2.73 and a beta of 1.81. The company has a debt-to-equity ratio of 7.89, a quick ratio of 1.01 and a current ratio of 1.46. NCR Co. has a 1 year low of $26.00 and a 1 year high of $38.68.

NCR (NYSE:NCR) last issued its earnings results on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.59 billion. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. analysts expect that NCR Co. will post 2.61 EPS for the current year.

NCR declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

NCR Profile

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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