Arizona State Retirement System lowered its holdings in NCR Co. (NYSE:NCR – Free Report) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,370 shares of the information technology services provider’s stock after selling 2,442 shares during the period. Arizona State Retirement System’s holdings in NCR were worth $942,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of NCR by 7.8% in the third 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 in the last quarter. BlackRock Inc. increased its stake in shares of NCR by 1.4% in the first quarter. BlackRock Inc. now owns 12,540,119 shares of the information technology services provider’s stock worth $295,821,000 after acquiring an additional 169,600 shares during the last quarter. State Street Corp increased its stake in shares of NCR by 6.4% in the first quarter. State Street Corp now owns 5,851,909 shares of the information technology services provider’s stock worth $138,047,000 after acquiring an additional 354,026 shares during the last quarter. FMR LLC increased its stake in shares of NCR by 6.5% in the first quarter. FMR LLC now owns 4,294,505 shares of the information technology services provider’s stock worth $101,307,000 after acquiring an additional 263,029 shares during the last quarter. Finally, River Road Asset Management LLC increased its stake in shares of NCR by 3.2% in the second quarter. River Road Asset Management LLC now owns 3,408,712 shares of the information technology services provider’s stock worth $85,900,000 after acquiring an additional 107,246 shares during the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Northcoast Research downgraded shares of NCR from a “buy” rating to a “neutral” rating in a research note on Thursday, September 7th. StockNews.com assumed coverage on shares of NCR in a research note on Sunday. They issued a “buy” rating on the stock. Finally, DA Davidson upped their price target on shares of NCR from $37.00 to $40.00 in a research note on Monday, August 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.
NCR Trading Up 3.2 %
NCR stock opened at $27.08 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.11 and a quick ratio of 0.84. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 58.87 and a beta of 1.65. NCR Co. has a one year low of $18.66 and a one year high of $30.99. The company’s fifty day moving average price is $28.07 and its two-hundred day moving average price is $25.73.
NCR (NYSE:NCR – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.63 by $0.31. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. NCR had a net margin of 1.03% and a return on equity of 25.41%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. On average, analysts forecast that NCR Co. will post 2.61 earnings per share for the current fiscal year.
NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions 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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