Truist Financial Corp Cuts Stock Position in NCR Co. (NYSE:NCR)

Posted by on Aug 9th, 2023

Truist Financial Corp cut its stake in shares of NCR Co. (NYSE:NCR – Free Report) by 19.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 724,714 shares of the information technology services provider’s stock after selling 179,515 shares during the period. Truist Financial Corp owned about 0.52% of NCR worth $17,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp raised its position in shares of NCR by 3,422.6% during the 4th quarter. Money Concepts Capital Corp now owns 1,092 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 1,061 shares during the last quarter. Neo Ivy Capital Management increased its position in shares of NCR by 350.6% during the second quarter. Neo Ivy Capital Management now owns 1,442 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 1,122 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in NCR by 33.9% in the 1st quarter. Ronald Blue Trust Inc. now owns 2,495 shares of the information technology services provider’s stock valued at $59,000 after purchasing an additional 632 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in NCR in the 2nd quarter valued at $64,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in NCR during the 1st quarter worth $102,000. 89.38% of the stock is owned by hedge funds and other institutional investors.

NCR Stock Down 0.4 %

Shares of NYSE:NCR opened at $29.03 on Wednesday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 63.11 and a beta of 1.66. NCR Co. has a 12-month low of $18.06 and a 12-month high of $35.42. The business has a 50-day moving average price of $25.75 and a 200 day moving average price of $24.65. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 3.42.

NCR (NYSE:NCR – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. NCR had a net margin of 1.03% and a return on equity of 25.41%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.71 EPS. The business’s revenue was down .6% on a year-over-year basis. Sell-side analysts expect that NCR Co. will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

NCR has been the subject of a number of recent research reports. DA Davidson increased their target price on shares of NCR from $37.00 to $40.00 in a research report on Monday. StockNews.com cut NCR from a “buy” rating to a “hold” rating in a report on Friday, August 4th.

Read Our Latest Research Report on NCR

NCR Company Profile

(Free Report)

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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