California Public Employees Retirement System Has $5.90 Million Position in NCR Co. (NYSE:NCR)

California Public Employees Retirement System lowered its stake in shares of NCR Co. (NYSE:NCR – Get Rating) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,063 shares of the information technology services provider’s stock after selling 7,885 shares during the period. California Public Employees Retirement System owned about 0.18% of NCR worth $5,901,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NCR. Capital Research Global Investors boosted its stake in shares of NCR by 103.4% during the 1st quarter. Capital Research Global Investors now owns 2,449,150 shares of the information technology services provider’s stock valued at $98,431,000 after buying an additional 1,245,050 shares during the period. Vanguard Group Inc. lifted its stake in shares of NCR by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 13,170,231 shares of the information technology services provider’s stock valued at $250,366,000 after purchasing an additional 953,677 shares during the last quarter. Philosophy Capital Management LLC lifted its stake in shares of NCR by 559.5% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,005,125 shares of the information technology services provider’s stock valued at $19,107,000 after purchasing an additional 852,707 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of NCR by 39.6% in the 4th quarter. Crescent Grove Advisors LLC now owns 2,395,974 shares of the information technology services provider’s stock valued at $56,090,000 after purchasing an additional 679,713 shares during the last quarter. Finally, Mangrove Partners lifted its stake in shares of NCR by 130.5% in the 3rd quarter. Mangrove Partners now owns 898,853 shares of the information technology services provider’s stock valued at $17,087,000 after purchasing an additional 508,957 shares during the last quarter. Institutional investors and hedge funds own 92.99% of the company’s stock.

NCR Stock Up 2.2 %

NCR stock opened at $23.97 on Thursday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 39.30 and a beta of 1.65. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.09 and a quick ratio of 0.81. NCR Co. has a fifty-two week low of $18.06 and a fifty-two week high of $35.42. The firm has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $23.70.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of NCR in a research note on Thursday. They issued a “hold” rating for the company. Morgan Stanley lifted their price objective on shares of NCR from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of NCR in a research note on Friday, March 17th.

NCR Company Profile

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NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.