NCR (NYSE:NCR) Lowered to C at TheStreet

NCR (NYSE:NCRGet Rating) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.

Other equities analysts have also issued research reports about the stock. StockNews.com initiated coverage on shares of NCR in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley dropped their target price on shares of NCR from $61.00 to $40.00 in a research report on Wednesday. Royal Bank of Canada dropped their target price on shares of NCR from $54.00 to $44.00 in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a research report on Thursday, February 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $47.83.

Shares of NCR stock opened at $28.67 on Tuesday. The firm has a fifty day simple moving average of $39.46 and a 200-day simple moving average of $40.52. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 4.37. NCR has a 1-year low of $28.00 and a 1-year high of $50.00. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 49.43 and a beta of 1.62.

NCR (NYSE:NCRGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The information technology services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.30). NCR had a return on equity of 30.86% and a net margin of 1.36%. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, research analysts predict that NCR will post 3.39 earnings per share for the current year.

In other news, EVP Adrian Button sold 21,712 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $42.21, for a total value of $916,463.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in NCR by 51.7% during the 2nd quarter. Morgan Stanley now owns 1,591,495 shares of the information technology services provider’s stock worth $72,588,000 after buying an additional 542,477 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in NCR by 34.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,025 shares of the information technology services provider’s stock worth $776,000 after buying an additional 5,116 shares in the last quarter. Victory Capital Management Inc. lifted its position in NCR by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 912,256 shares of the information technology services provider’s stock worth $35,359,000 after buying an additional 47,624 shares in the last quarter. New York State Common Retirement Fund lifted its position in NCR by 11.7% during the 3rd quarter. New York State Common Retirement Fund now owns 143,389 shares of the information technology services provider’s stock worth $5,558,000 after buying an additional 15,016 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in NCR by 3.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 45,900 shares of the information technology services provider’s stock worth $1,779,000 after buying an additional 1,549 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

NCR Company Profile (Get Rating)

NCR Corporation provides various software and services worldwide. It operates through Payments & Network, Digital Banking, Self-Service Banking, Retail, and Hospitality segments. The company 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.

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