Kirr Marbach & Co. LLC IN Purchases 3,489 Shares of NCR Co. (NYSE:NCR)

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Kirr Marbach & Co. LLC IN boosted its position in shares of NCR Co. (NYSE:NCR) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,917 shares of the information technology services provider’s stock after purchasing an additional 3,489 shares during the quarter. NCR comprises 2.1% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 24th biggest position. Kirr Marbach & Co. LLC IN owned 0.21% of NCR worth $8,613,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. World Asset Management Inc raised its holdings in NCR by 3.8% during the 2nd quarter. World Asset Management Inc now owns 9,214 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 338 shares during the last quarter. Aperio Group LLC grew its position in shares of NCR by 1.2% during the 2nd quarter. Aperio Group LLC now owns 30,312 shares of the information technology services provider’s stock worth $943,000 after buying an additional 345 shares during the period. MetLife Investment Advisors LLC grew its position in shares of NCR by 0.6% during the 1st quarter. MetLife Investment Advisors LLC now owns 72,503 shares of the information technology services provider’s stock worth $1,979,000 after buying an additional 429 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of NCR by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,990 shares of the information technology services provider’s stock worth $684,000 after buying an additional 440 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of NCR by 3.3% during the 2nd quarter. Advisory Services Network LLC now owns 14,094 shares of the information technology services provider’s stock worth $438,000 after buying an additional 453 shares during the period. 88.18% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $32.75, for a total transaction of $299,006,386.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul Langenbahn sold 28,833 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.42, for a total value of $934,765.86. Following the sale, the vice president now owns 86,925 shares in the company, valued at approximately $2,818,108.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,175,687 shares of company stock valued at $300,453,197. Insiders own 1.00% of the company’s stock.

NYSE:NCR traded up $0.47 during trading hours on Tuesday, reaching $29.86. 595,472 shares of the stock were exchanged, compared to its average volume of 1,284,795. NCR Co. has a twelve month low of $20.93 and a twelve month high of $35.08. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.32 and a quick ratio of 0.94. The firm has a 50 day moving average of $31.25 and a 200 day moving average of $30.69. The stock has a market cap of $3.76 billion, a PE ratio of 11.40 and a beta of 1.60.

NCR (NYSE:NCR) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. NCR had a return on equity of 86.80% and a net margin of 2.47%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Equities research analysts anticipate that NCR Co. will post 2.82 earnings per share for the current year.

NCR has been the subject of several research analyst reports. ValuEngine lowered NCR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. TheStreet upgraded NCR from a “c” rating to a “b” rating in a research report on Tuesday, July 30th. Benchmark set a $40.00 price objective on NCR and gave the company a “buy” rating in a research report on Wednesday, July 31st. DA Davidson boosted their price objective on NCR from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Co initiated coverage on NCR in a research report on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. NCR presently has an average rating of “Hold” and a consensus target price of $37.57.

About NCR

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.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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