NCR Corporation (NCR) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors lowered its position in NCR Corporation (NYSE:NCR) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 770,588 shares of the information technology services provider’s stock after selling 6,031 shares during the period. Nationwide Fund Advisors owned about 0.63% of NCR worth $28,912,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in shares of NCR in the second quarter worth $571,000. Royal Bank of Canada grew its holdings in shares of NCR by 124.0% in the second quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock worth $3,951,000 after acquiring an additional 53,547 shares during the period. Cigna Investments Inc. New bought a new stake in shares of NCR in the second quarter worth $676,000. Systematic Financial Management LP grew its holdings in shares of NCR by 20.9% in the second quarter. Systematic Financial Management LP now owns 43,550 shares of the information technology services provider’s stock worth $1,779,000 after acquiring an additional 7,525 shares during the period. Finally, Dana Investment Advisors Inc. bought a new stake in shares of NCR in the second quarter worth $2,361,000. 89.19% of the stock is owned by institutional investors.
Shares of NCR Corporation (NCR) opened at $30.89 on Friday. NCR Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $49.90. The company has a current ratio of 1.42, a quick ratio of 1.01 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of $3,762.40, a PE ratio of 9.19 and a beta of 1.83.
NCR (NYSE:NCR) last released its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. NCR had a return on equity of 84.72% and a net margin of 5.11%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. NCR’s revenue for the quarter was down .8% on a year-over-year basis. equities research analysts expect that NCR Corporation will post 3.14 EPS for the current fiscal year.
Several analysts recently commented on the company. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. J P Morgan Chase & Co set a $45.00 price target on NCR and gave the company a “buy” rating in a report on Saturday, October 21st. Royal Bank Of Canada reissued an “average” rating and set a $44.00 price target on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. Morgan Stanley cut their price target on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, BidaskClub lowered NCR from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. NCR presently has an average rating of “Hold” and an average target price of $47.57.
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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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