NCR Co. (NYSE:NCR) Shares Sold by Baird Financial Group Inc.

Posted by on Mar 15th, 2023

Baird Financial Group Inc. decreased its holdings in shares of NCR Co. (NYSE:NCR – Get Rating) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,388,843 shares of the information technology services provider’s stock after selling 3,853 shares during the quarter. Baird Financial Group Inc. owned about 1.01% of NCR worth $26,402,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in shares of NCR by 4.3% during the first quarter. Captrust Financial Advisors now owns 8,202 shares of the information technology services provider’s stock worth $330,000 after purchasing an additional 340 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of NCR by 0.8% during the first quarter. Ensign Peak Advisors Inc now owns 55,265 shares of the information technology services provider’s stock worth $2,221,000 after purchasing an additional 465 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of NCR by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 63,792 shares of the information technology services provider’s stock worth $1,213,000 after purchasing an additional 502 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of NCR by 4.2% during the third quarter. United Services Automobile Association now owns 14,721 shares of the information technology services provider’s stock worth $279,000 after purchasing an additional 600 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of NCR by 12.8% during the first quarter. Raymond James Trust N.A. now owns 6,127 shares of the information technology services provider’s stock worth $246,000 after purchasing an additional 696 shares during the last quarter. Institutional investors and hedge funds own 92.99% of the company’s stock.

NCR Price Performance

Shares of NCR stock opened at $22.03 on Wednesday. NCR Co. has a twelve month low of $18.06 and a twelve month high of $43.80. The stock has a market capitalization of $3.07 billion, a P/E ratio of 75.97 and a beta of 1.67. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 3.76. The business’s fifty day moving average price is $25.88 and its 200 day moving average price is $24.06.

NCR (NYSE:NCR – Get Rating) last issued its earnings results on Tuesday, February 7th. The information technology services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). NCR had a net margin of 0.76% and a return on equity of 26.18%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted $0.76 EPS. NCR’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts anticipate that NCR Co. will post 2.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stephens raised their price objective on NCR from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, December 8th. Morgan Stanley lifted their target price on NCR from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th.

NCR Profile

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NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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