Arizona State Retirement System Has $2.98 Million Position in NCR Co. (NCR)
Arizona State Retirement System boosted its position in shares of NCR Co. (NYSE:NCR) by 27.3% in the 4th quarter, Holdings Channel reports. The firm owned 87,670 shares of the information technology services provider’s stock after buying an additional 18,788 shares during the period. Arizona State Retirement System’s holdings in NCR were worth $2,980,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in NCR. Wells Fargo & Company MN lifted its holdings in NCR by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,281,834 shares of the information technology services provider’s stock valued at $315,488,000 after purchasing an additional 1,253,248 shares during the last quarter. Boston Partners bought a new position in NCR during the 4th quarter valued at about $36,771,000. Rockefeller Financial Services Inc. lifted its holdings in NCR by 72.4% during the 4th quarter. Rockefeller Financial Services Inc. now owns 1,900,222 shares of the information technology services provider’s stock valued at $64,589,000 after purchasing an additional 798,308 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in NCR by 58.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock valued at $36,155,000 after purchasing an additional 356,171 shares during the last quarter. Finally, Capital Fund Management S.A. lifted its holdings in NCR by 57.9% during the 4th quarter. Capital Fund Management S.A. now owns 706,008 shares of the information technology services provider’s stock valued at $23,997,000 after purchasing an additional 258,938 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.
NCR Co. (NYSE NCR) opened at $33.67 on Monday. NCR Co. has a 12 month low of $29.20 and a 12 month high of $49.78. The firm has a market cap of $3,986.53, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.52 and a beta of 1.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.50 and a quick ratio of 1.09.
Several brokerages recently issued reports on NCR. TheStreet downgraded shares of NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. Morgan Stanley cut their price target on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. ValuEngine downgraded shares of NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Benchmark reissued a “buy” rating and set a $44.00 price target on shares of NCR in a report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.25.
In other NCR news, EVP J. Robert Ciminera sold 1,937 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total value of $72,366.32. Following the completion of the transaction, the executive vice president now directly owns 6,802 shares of the company’s stock, valued at $254,122.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
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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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