Synovus Financial Corp lessened its position in shares of NCR Co. (NYSE:NCR) by 12.6% during the 1st quarter, HoldingsChannel reports. The fund owned 20,780 shares of the information technology services provider’s stock after selling 2,996 shares during the quarter. Synovus Financial Corp’s holdings in NCR were worth $794,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vantage Consulting Group Inc bought a new stake in NCR in the fourth quarter valued at about $28,000. Carroll Financial Associates Inc. boosted its position in NCR by 44.9% during the first quarter. Carroll Financial Associates Inc. now owns 855 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 265 shares during the last quarter. Global Retirement Partners LLC boosted its position in NCR by 69.0% during the first quarter. Global Retirement Partners LLC now owns 928 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 379 shares during the last quarter. Freedman Financial Associates Inc. acquired a new stake in shares of NCR in the fourth quarter valued at approximately $50,000. Finally, Simon Quick Advisors LLC lifted its position in shares of NCR by 80.0% in the first quarter. Simon Quick Advisors LLC now owns 1,800 shares of the information technology services provider’s stock valued at $68,000 after buying an additional 800 shares during the last quarter. 91.72% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on NCR shares. Morgan Stanley raised their price objective on NCR from $53.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, May 10th. Wells Fargo & Company raised their price objective on NCR from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, April 20th. Oppenheimer lifted their target price on NCR from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Finally, Benchmark lifted their target price on NCR from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. NCR has an average rating of “Buy” and a consensus price target of $44.33.
NCR stock opened at $47.40 on Friday. NCR Co. has a 12 month low of $15.63 and a 12 month high of $50.00. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 3.04. The firm has a 50 day moving average price of $45.00. The stock has a market capitalization of $6.20 billion, a P/E ratio of -59.25 and a beta of 1.81.
NCR (NYSE:NCR) last posted its quarterly earnings data on Tuesday, April 27th. The information technology services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. NCR had a positive return on equity of 23.42% and a negative net margin of 1.25%. Equities analysts anticipate that NCR Co. will post 2.76 earnings per share for the current year.
NCR Company Profile
NCR Corporation provides software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications & Technology segments. The Banking segment offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware, including interactive teller machines (ITM), as well as recycling, multi-function, and cash dispense ATMs; and digital banking solutions for financial institution's consumer and business customers.
Further Reading: Green Investing
Want to see what other hedge funds are holding NCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Co. (NYSE:NCR).
Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.