Xponance Inc. trimmed its position in NCR Co. (NYSE:NCR – Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,720 shares of the information technology services provider’s stock after selling 2,082 shares during the period. Xponance Inc.’s holdings in NCR were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Money Concepts Capital Corp increased its position in shares of NCR by 3,422.6% in the 4th quarter. Money Concepts Capital Corp now owns 1,092 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 1,061 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of NCR in the 1st quarter valued at $30,000. C M Bidwell & Associates Ltd. acquired a new position in shares of NCR in the 1st quarter valued at $35,000. Nomura Asset Management Co. Ltd. increased its position in shares of NCR by 42.6% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 550 shares during the period. Finally, Neo Ivy Capital Management increased its position in shares of NCR by 350.6% in the 2nd quarter. Neo Ivy Capital Management now owns 1,442 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 1,122 shares during the period. 89.75% of the stock is owned by institutional investors and hedge funds.
NCR Price Performance
NYSE:NCR opened at $27.02 on Tuesday. NCR Co. has a 52 week low of $18.06 and a 52 week high of $30.99. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $3.81 billion, a PE ratio of 58.74 and a beta of 1.65. The stock’s 50-day moving average price is $28.32 and its 200-day moving average price is $25.35.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on NCR shares. Northcoast Research downgraded NCR from a “buy” rating to a “neutral” rating in a research report on Thursday, September 7th. DA Davidson increased their price target on NCR from $37.00 to $40.00 in a research report on Monday, August 7th. Finally, StockNews.com raised NCR from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.
View Our Latest Stock Report on NCR
About NCR
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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