Gabelli Funds LLC lessened its stake in NCR Corporation (NYSE:NCR) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,000 shares of the information technology services provider’s stock after selling 5,000 shares during the quarter. Gabelli Funds LLC owned 0.24% of NCR Corporation worth $10,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of NCR Corporation by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,223 shares of the information technology services provider’s stock worth $330,000 after purchasing an additional 130 shares during the last quarter. First Allied Advisory Services Inc. raised its position in NCR Corporation by 3.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 8,775 shares of the information technology services provider’s stock worth $355,000 after buying an additional 257 shares during the last quarter. Stifel Financial Corp raised its position in NCR Corporation by 0.5% in the 2nd quarter. Stifel Financial Corp now owns 69,650 shares of the information technology services provider’s stock worth $2,832,000 after buying an additional 315 shares during the last quarter. Capstone Asset Management Co. raised its position in NCR Corporation by 3.7% in the 2nd quarter. Capstone Asset Management Co. now owns 14,041 shares of the information technology services provider’s stock worth $573,000 after buying an additional 500 shares during the last quarter. Finally, Ironwood Investment Management LLC raised its position in NCR Corporation by 1.0% in the 2nd quarter. Ironwood Investment Management LLC now owns 51,115 shares of the information technology services provider’s stock worth $2,088,000 after buying an additional 500 shares during the last quarter. 87.81% of the stock is owned by hedge funds and other institutional investors.

Shares of NCR Corporation (NYSE:NCR) opened at $30.84 on Friday. The stock has a market capitalization of $3,824.52, a PE ratio of 9.35 and a beta of 1.83. NCR Corporation has a 52 week low of $29.92 and a 52 week high of $49.90. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42.

NCR Corporation (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 Zacks’ consensus estimate of $0.90 by $0.03. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. NCR Corporation had a return on equity of 84.72% and a net margin of 5.11%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. equities research analysts anticipate that NCR Corporation will post 3.14 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “NCR Corporation (NCR) Stake Lessened by Gabelli Funds LLC” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.watchlistnews.com/ncr-corporation-ncr-stake-lessened-by-gabelli-funds-llc/1695740.html.

NCR has been the subject of a number of recent analyst reports. Zacks Investment Research lowered NCR Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Compass Point initiated coverage on NCR Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $48.00 target price for the company. Royal Bank Of Canada reissued an “average” rating and issued a $44.00 target price on shares of NCR Corporation in a research report on Friday, October 20th. They noted that the move was a valuation call. Morgan Stanley decreased their target price on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. Finally, Benchmark Co. reissued a “buy” rating and issued a $55.00 target price on shares of NCR Corporation in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.57.

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.

Want to see what other hedge funds are holding NCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Corporation (NYSE:NCR).

Institutional Ownership by Quarter for NCR Corporation (NYSE:NCR)

Receive News & Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.