BNP Paribas Arbitrage SA lifted its holdings in shares of NCR Co. (NYSE:NCR) by 46.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,212 shares of the information technology services provider’s stock after purchasing an additional 4,493 shares during the period. BNP Paribas Arbitrage SA’s holdings in NCR were worth $426,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NCR. Dupont Capital Management Corp grew its holdings in shares of NCR by 167.8% during the first quarter. Dupont Capital Management Corp now owns 99,338 shares of the information technology services provider’s stock worth $3,131,000 after purchasing an additional 62,238 shares during the last quarter. ICM Asset Management Inc. WA grew its holdings in shares of NCR by 10.0% during the first quarter. ICM Asset Management Inc. WA now owns 110,489 shares of the information technology services provider’s stock worth $3,483,000 after purchasing an additional 10,045 shares during the last quarter. Lapides Asset Management LLC grew its holdings in shares of NCR by 38.8% during the first quarter. Lapides Asset Management LLC now owns 285,180 shares of the information technology services provider’s stock worth $8,989,000 after purchasing an additional 79,700 shares during the last quarter. Algert Global LLC bought a new stake in shares of NCR during the first quarter worth $2,456,000. Finally, Princeton Capital Management LLC bought a new stake in shares of NCR during the first quarter worth $165,000. Institutional investors own 89.54% of the company’s stock.

Shares of NCR opened at $27.68 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.01 and a debt-to-equity ratio of 7.89. NCR Co. has a 12-month low of $26.00 and a 12-month high of $38.68. The firm has a market cap of $3.29 billion, a PE ratio of 8.65, a PEG ratio of 2.68 and a beta of 1.76.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. NCR had a positive return on equity of 73.82% and a negative net margin of 0.80%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. research analysts anticipate that NCR Co. will post 2.61 EPS for the current fiscal year.

NCR declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Several analysts have recently commented on the company. ValuEngine lowered NCR from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. DA Davidson set a $33.00 price target on NCR and gave the company a “hold” rating in a research note on Wednesday, May 2nd. Oppenheimer set a $51.00 price target on NCR and gave the company a “buy” rating in a research note on Tuesday, May 1st. TheStreet raised NCR from a “c” rating to a “b-” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research lowered NCR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.83.

NCR Profile

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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.

Further Reading: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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