Pioneer Investment Management Inc. held its position in NCR Corporation (NYSE:NCR) during the second quarter, Holdings Channel reports. The fund owned 81,245 shares of the information technology services provider’s stock at the end of the second quarter. Pioneer Investment Management Inc.’s holdings in NCR Corporation were worth $3,318,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position 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 worth $487,709,000 after buying an additional 10,541,807 shares during the last quarter. Wells Fargo & Company MN raised its position 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 worth $90,804,000 after buying an additional 1,579,083 shares during the last quarter. Morgan Stanley raised its position 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 worth $45,713,000 after buying an additional 706,292 shares during the last quarter. Vanguard Group Inc. raised its position 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 worth $574,156,000 after buying an additional 674,711 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its position 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 worth $61,257,000 after buying an additional 528,200 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NCR Corporation (NYSE NCR) opened at 35.64 on Tuesday. NCR Corporation has a one year low of $29.83 and a one year high of $49.90. The stock has a 50 day moving average of $39.24 and a 200-day moving average of $42.21. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 21.96 and a beta of 1.88.

NCR Corporation (NYSE:NCR) last posted its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $1.59 billion during 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 company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. On average, equities analysts expect that NCR Corporation will post $3.37 earnings per share for the current year.

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A number of research analysts recently weighed in on NCR shares. Zacks Investment Research raised shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, June 6th. TheStreet downgraded shares of NCR Corporation from a “b” rating to a “c+” rating in a report on Thursday, April 20th. Royal Bank Of Canada restated a “buy” rating and set a $51.00 price objective on shares of NCR Corporation in a report on Friday, May 12th. Compass Point began coverage on shares of NCR Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price objective for the company. Finally, Benchmark Co. restated a “buy” rating and set a $55.00 price objective on shares of NCR Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.50.

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

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