Short Interest in NCR Co. (NYSE:NCR) Rises By 9.8%
NCR Co. (NYSE:NCR) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 8,765,200 shares, a growth of 9.8% from the May 30th total of 7,983,200 shares. Based on an average daily volume of 931,100 shares, the short-interest ratio is currently 9.4 days. Approximately 7.5% of the company’s shares are short sold.
NCR traded down $0.53 during trading on Monday, hitting $30.33. 679,900 shares of the stock were exchanged, compared to its average volume of 917,599. The stock has a 50 day moving average price of $31.17. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.77 and a beta of 1.63. NCR has a 1 year low of $20.93 and a 1 year high of $33.18. The company has a debt-to-equity ratio of 7.31, a quick ratio of 0.90 and a current ratio of 1.27.
NCR (NYSE:NCR) last released its quarterly earnings data on Tuesday, May 7th. The information technology services provider reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. NCR had a positive return on equity of 91.22% and a negative net margin of 1.09%. NCR’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. As a group, equities analysts forecast that NCR will post 2.78 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. increased its holdings in NCR by 998.9% during the 2nd quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 869 shares during the period. Tortoise Index Solutions LLC bought a new stake in NCR during the 1st quarter valued at $47,000. Advisor Group Inc. boosted its position in NCR by 30.4% during the 4th quarter. Advisor Group Inc. now owns 2,875 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 670 shares in the last quarter. Quantamental Technologies LLC boosted its position in NCR by 71.1% during the 1st quarter. Quantamental Technologies LLC now owns 2,406 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in NCR by 48.7% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,679 shares of the information technology services provider’s stock valued at $73,000 after acquiring an additional 877 shares in the last quarter. Institutional investors own 94.37% of the company’s stock.
Several equities research analysts have recently weighed in on NCR shares. JPMorgan Chase & Co. set a €21.00 ($24.42) price target on Signify and gave the stock a “sell” rating in a report on Monday, March 25th. Zacks Investment Research upgraded Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.29.
NCR Company Profile
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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