Bank of America Corp DE reduced its position in NCR Corporation (NYSE:NCR) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 397,940 shares of the information technology services provider’s stock after selling 82,719 shares during the period. Bank of America Corp DE owned about 0.33% of NCR Corporation worth $18,178,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock valued at $108,000 after buying an additional 124 shares during the period. Oppenheimer Asset Management Inc. bought a new position in NCR Corporation during the first quarter valued at $114,000. James Investment Research Inc. bought a new position in NCR Corporation during the first quarter valued at $152,000. Koch Industries Inc. bought a new position in NCR Corporation during the first quarter valued at $240,000. Finally, Globeflex Capital L P bought a new position in NCR Corporation during the first quarter valued at $273,000. 87.96% of the stock is owned by institutional investors and hedge funds.
Shares of NCR Corporation (NYSE NCR) traded down 8.26% during midday trading on Friday, reaching $39.43. 6,710,190 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $40.39 and a 200 day moving average price of $42.81. NCR Corporation has a 12 month low of $26.21 and a 12 month high of $49.90. The company has a market cap of $4.78 billion, a P/E ratio of 27.59 and a beta of 1.90.
NCR Corporation (NYSE:NCR) last posted its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. NCR Corporation had a return on equity of 87.99% and a net margin of 4.90%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business earned $0.72 EPS. NCR Corporation’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that NCR Corporation will post $3.37 earnings per share for the current fiscal year.
A number of analysts have commented on NCR shares. Zacks Investment Research upgraded shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, April 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $51.00 price objective on shares of NCR Corporation in a research report on Wednesday, April 12th. Benchmark Co. started coverage on shares of NCR Corporation in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective on the stock. Compass Point started coverage on shares of NCR Corporation in a research report on Tuesday. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, TheStreet lowered shares of NCR Corporation from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.50.
In other news, EVP J. Robert Ciminera sold 3,086 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the completion of the transaction, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at approximately $420,042.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
NCR Corporation Company Profile
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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