Oppenheimer & Co. Inc. lessened its holdings in shares of NCR Co. (NYSE:NCR – Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,058 shares of the information technology services provider’s stock after selling 1,550 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NCR were worth $827,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Money Concepts Capital Corp boosted its stake in 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 boosted its stake in NCR by 350.6% during the 2nd 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 during the last quarter. Ronald Blue Trust Inc. boosted its stake in NCR by 33.9% during the 1st quarter. Ronald Blue Trust Inc. now owns 2,495 shares of the information technology services provider’s stock worth $59,000 after purchasing an additional 632 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of NCR during the 2nd quarter worth $64,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of NCR during the 1st quarter worth $102,000. Institutional investors and hedge funds own 89.38% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on NCR. DA Davidson lifted their price target on NCR from $37.00 to $40.00 in a report on Monday, August 7th. StockNews.com began coverage on NCR in a report on Sunday, August 20th. They set a “buy” rating on the stock.
NCR Stock Down 1.9 %
Shares of NCR opened at $29.72 on Friday. The firm has a market cap of $4.19 billion, a P/E ratio of 64.61 and a beta of 1.66. NCR Co. has a 12-month low of $18.06 and a 12-month high of $34.24. The company’s 50-day moving average price is $26.96 and its 200 day moving average price is $24.87. 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 issued its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.31. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. NCR had a net margin of 1.03% and a return on equity of 25.41%. NCR’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts forecast that NCR Co. will post 2.61 earnings per share for the current year.
NCR Profile
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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