NCR (NYSE:NCR) Sees Large Volume Increase

NCR Co. (NYSE:NCR – Get Rating) shares saw unusually-high trading volume on Friday . Approximately 64,915 shares traded hands during mid-day trading, a decline of 96% from the previous session’s volume of 1,785,396 shares.The stock last traded at $30.92 and had previously closed at $30.04.

NCR has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on NCR from $61.00 to $40.00 in a research note on Wednesday, April 27th. Royal Bank of Canada reduced their price target on NCR from $54.00 to $44.00 in a research report on Wednesday, April 27th. StockNews.com started coverage on NCR in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet lowered NCR from a “b-” rating to a “c” rating in a research report on Tuesday, April 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, NCR currently has an average rating of “Buy” and an average price target of $46.33.

The stock has a 50-day simple moving average of $35.04 and a 200-day simple moving average of $38.31. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 273.09 and a beta of 1.59. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 4.16.

NCR (NYSE:NCR – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The information technology services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.31). NCR had a net margin of 0.44% and a return on equity of 26.82%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted $0.51 earnings per share. On average, research analysts forecast that NCR Co. will post 2.79 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of NCR by 0.5% in the first quarter. Vanguard Group Inc. now owns 12,636,852 shares of the information technology services provider’s stock worth $507,875,000 after purchasing an additional 58,418 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of NCR by 6.2% in the fourth quarter. BlackRock Inc. now owns 11,290,097 shares of the information technology services provider’s stock valued at $453,862,000 after buying an additional 658,058 shares during the period. River Road Asset Management LLC lifted its holdings in shares of NCR by 18.8% in the first quarter. River Road Asset Management LLC now owns 7,422,993 shares of the information technology services provider’s stock valued at $298,330,000 after buying an additional 1,176,368 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of NCR in the fourth quarter valued at $257,631,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of NCR by 96.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 5,423,908 shares of the information technology services provider’s stock valued at $218,041,000 after buying an additional 2,668,255 shares during the period. Hedge funds and other institutional investors own 90.33% of the company’s stock.

About NCR (NYSE:NCR)

NCR Corporation provides various software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology 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; and digital banking solutions for financial institution's consumer and business customers.

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