Janus Henderson Group PLC boosted its holdings in NCR Co. (NYSE:NCR) by 3.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,099,125 shares of the information technology services provider’s stock after acquiring an additional 180,231 shares during the quarter. Janus Henderson Group PLC owned 0.05% of NCR worth $189,683,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Advisers LP acquired a new stake in shares of NCR during the fourth quarter worth $208,000. Millennium Management LLC raised its holdings in shares of NCR by 40.3% during the fourth quarter. Millennium Management LLC now owns 179,106 shares of the information technology services provider’s stock worth $4,134,000 after acquiring an additional 51,474 shares during the period. FMR LLC raised its holdings in shares of NCR by 45.5% during the fourth quarter. FMR LLC now owns 187,849 shares of the information technology services provider’s stock worth $4,335,000 after acquiring an additional 58,775 shares during the period. Norges Bank acquired a new stake in shares of NCR during the fourth quarter worth $11,727,000. Finally, Geode Capital Management LLC raised its holdings in shares of NCR by 15.1% during the fourth quarter. Geode Capital Management LLC now owns 1,208,210 shares of the information technology services provider’s stock worth $27,885,000 after acquiring an additional 158,849 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
A number of brokerages recently commented on NCR. TheStreet upgraded shares of NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. Benchmark set a $40.00 price objective on shares of NCR and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Morgan Stanley raised their target price on shares of NCR from $28.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 target price for the company. in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.50.
NCR stock traded down $1.51 during mid-day trading on Wednesday, reaching $30.16. The company’s stock had a trading volume of 25,710 shares, compared to its average volume of 911,003. The stock has a market cap of $3.84 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.84 and a beta of 1.61. NCR Co. has a 12 month low of $20.93 and a 12 month high of $35.08. The firm’s 50 day simple moving average is $31.28. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.32 and a quick ratio of 0.94.
NCR (NYSE:NCR) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. NCR had a net margin of 2.47% and a return on equity of 86.80%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, analysts predict that NCR Co. will post 2.8 earnings per share for the current fiscal year.
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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.
Recommended Story: How Important is Technical Analysis of Stocks
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.