New York State Common Retirement Fund Has $12.18 Million Stake in NCR Corporation (NCR)
New York State Common Retirement Fund grew its stake in shares of NCR Corporation (NYSE:NCR) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,282 shares of the information technology services provider’s stock after buying an additional 1,499 shares during the period. New York State Common Retirement Fund owned 0.25% of NCR Corporation worth $12,182,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. UBS Group AG lifted its holdings in NCR Corporation by 85.6% in the 1st quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock worth $3,520,000 after purchasing an additional 35,527 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in NCR Corporation in the 2nd quarter worth approximately $571,000. Geode Capital Management LLC lifted its holdings in NCR Corporation by 15.9% in the 1st quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock worth $44,369,000 after purchasing an additional 133,110 shares in the last quarter. Globeflex Capital L P purchased a new position in NCR Corporation in the 1st quarter worth approximately $273,000. Finally, James Investment Research Inc. lifted its holdings in NCR Corporation by 915.2% in the 2nd quarter. James Investment Research Inc. now owns 33,755 shares of the information technology services provider’s stock worth $1,378,000 after purchasing an additional 30,430 shares in the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NCR Corporation (NCR) opened at 37.53 on Friday. NCR Corporation has a one year low of $29.83 and a one year high of $49.90. The stock’s 50 day moving average price is $36.33 and its 200 day moving average price is $39.66. The stock has a market capitalization of $4.56 billion, a PE ratio of 23.12 and a beta of 1.91.
NCR Corporation (NYSE:NCR) last released its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. Equities research analysts predict that NCR Corporation will post $3.37 EPS for the current fiscal year.
A number of research firms recently commented on NCR. TheStreet raised NCR Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 20th. Zacks Investment Research raised NCR Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Benchmark Co. reissued a “buy” rating and issued a $55.00 price target on shares of NCR Corporation in a report on Friday, July 21st. BidaskClub cut NCR Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of NCR Corporation in a report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. NCR Corporation presently has a consensus rating of “Buy” and a consensus target price of $47.67.
NCR Corporation Profile
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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