BidaskClub lowered shares of NCR Corporation (NYSE:NCR) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Other equities research analysts have also recently issued research reports about the company. TheStreet raised NCR Corporation from a c+ rating to a b rating in a research report on Thursday, July 20th. Benchmark Co. reaffirmed a buy rating and set a $55.00 target price on shares of NCR Corporation in a research report on Friday, July 21st. Compass Point started coverage on NCR Corporation in a research report on Tuesday, July 18th. They set a buy rating and a $48.00 target price for the company. Royal Bank Of Canada reaffirmed a buy rating on shares of NCR Corporation in a research report on Sunday, July 16th. Finally, Zacks Investment Research raised NCR Corporation from a hold rating to a buy rating and set a $45.00 target price for the company in a research report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $46.50.

NCR Corporation (NYSE NCR) traded down 2.151% on Thursday, hitting $37.985. 803,881 shares of the stock were exchanged. NCR Corporation has a one year low of $29.83 and a one year high of $49.90. The company’s 50 day moving average price is $40.27 and its 200-day moving average price is $42.69. The company has a market cap of $4.61 billion, a P/E ratio of 23.404 and a beta of 1.90.

NCR Corporation (NYSE:NCR) last announced its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities research analysts predict that NCR Corporation will post $3.37 EPS for the current fiscal year.

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In other news, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at $420,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in NCR Corporation by 7,816.4% in the first quarter. BlackRock Inc. now owns 10,676,674 shares of the information technology services provider’s stock valued at $487,709,000 after buying an additional 10,541,807 shares in the last quarter. Wells Fargo & Company MN boosted its stake in NCR Corporation by 386.3% in the first quarter. Wells Fargo & Company MN now owns 1,987,821 shares of the information technology services provider’s stock valued at $90,804,000 after buying an additional 1,579,083 shares in the last quarter. Morgan Stanley boosted its stake in NCR Corporation by 239.9% in the first quarter. Morgan Stanley now owns 1,000,742 shares of the information technology services provider’s stock valued at $45,713,000 after buying an additional 706,292 shares in the last quarter. Vanguard Group Inc. boosted its stake in NCR Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 12,569,090 shares of the information technology services provider’s stock valued at $574,156,000 after buying an additional 674,711 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in NCR Corporation by 65.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,341,000 shares of the information technology services provider’s stock valued at $61,257,000 after buying an additional 528,200 shares in the last quarter. 88.28% of the stock is owned by institutional investors.

About NCR Corporation

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.

Analyst Recommendations for NCR Corporation (NYSE:NCR)

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