Rhumbline Advisers Trims Holdings in NCR Co. (NCR)
Rhumbline Advisers cut its stake in NCR Co. (NYSE:NCR) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 265,468 shares of the information technology services provider’s stock after selling 37,589 shares during the period. Rhumbline Advisers’ holdings in NCR were worth $9,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Aperio Group LLC boosted its holdings in NCR by 10.0% in the 3rd quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock valued at $1,601,000 after purchasing an additional 3,864 shares during the period. Empirical Finance LLC bought a new position in shares of NCR during the 4th quarter worth about $1,180,000. Aurora Investment Counsel bought a new position in shares of NCR during the 4th quarter worth about $2,063,000. FDx Advisors Inc. lifted its holdings in shares of NCR by 24.1% during the 3rd quarter. FDx Advisors Inc. now owns 42,091 shares of the information technology services provider’s stock worth $1,579,000 after acquiring an additional 8,173 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of NCR by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock worth $103,806,000 after acquiring an additional 36,796 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP J. Robert Ciminera sold 1,937 shares of NCR stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the transaction, the executive vice president now directly owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
NCR Co. (NYSE:NCR) opened at $33.67 on Friday. NCR Co. has a 1-year low of $29.20 and a 1-year high of $49.78. The stock has a market cap of $3,903.65, a PE ratio of 40.08, a P/E/G ratio of 2.47 and a beta of 1.87. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 4.07.
NCR (NYSE:NCR) last announced its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. NCR had a net margin of 5.44% and a return on equity of 45.25%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm posted $1.07 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. equities analysts predict that NCR Co. will post 3.34 earnings per share for the current fiscal year.
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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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