Amalgamated Bank Sells 2,111 Shares of NCR Co. (NYSE:NCR)

Amalgamated Bank lowered its stake in shares of NCR Co. (NYSE:NCRGet Rating) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,107 shares of the information technology services provider’s stock after selling 2,111 shares during the quarter. Amalgamated Bank owned approximately 0.07% of NCR worth $3,742,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NCR. Allworth Financial LP grew its position in NCR by 59.7% during the first quarter. Allworth Financial LP now owns 936 shares of the information technology services provider’s stock valued at $38,000 after buying an additional 350 shares during the period. CWM LLC boosted its position in NCR by 283.8% during the first quarter. CWM LLC now owns 1,063 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 786 shares during the period. Eaton Vance Management bought a new position in NCR during the fourth quarter worth about $48,000. Point72 Hong Kong Ltd bought a new position in NCR during the fourth quarter worth about $84,000. Finally, Steph & Co. boosted its position in NCR by 16.4% during the first quarter. Steph & Co. now owns 4,597 shares of the information technology services provider’s stock worth $185,000 after purchasing an additional 649 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NCR. Morgan Stanley lowered shares of NCR from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $38.00 to $27.00 in a research report on Monday. Stephens cut their target price on shares of NCR from $38.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.00.

NCR Price Performance

NCR stock opened at $21.99 on Thursday. The firm has a 50 day moving average of $31.23 and a 200-day moving average of $33.88. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 4.00. NCR Co. has a 12 month low of $21.64 and a 12 month high of $45.92. The firm has a market capitalization of $3.01 billion, a P/E ratio of 46.79 and a beta of 1.51.

NCR (NYSE:NCRGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.98 billion. NCR had a net margin of 1.06% and a return on equity of 26.93%. NCR’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. As a group, sell-side analysts predict that NCR Co. will post 2.8 earnings per share for the current fiscal year.

NCR Company Profile

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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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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