Cwm LLC lessened its holdings in NCR Co. (NYSE:NCR – Free Report) by 24.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,620 shares of the information technology services provider’s stock after selling 531 shares during the period. Cwm LLC’s holdings in NCR were worth $41,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of NCR by 17.0% during the first quarter. American Century Companies Inc. now owns 14,020 shares of the information technology services provider’s stock worth $563,000 after purchasing an additional 2,038 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of NCR during the first quarter worth about $224,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of NCR during the first quarter worth about $744,000. MetLife Investment Management LLC boosted its holdings in NCR by 36.3% in the first quarter. MetLife Investment Management LLC now owns 87,213 shares of the information technology services provider’s stock valued at $3,505,000 after acquiring an additional 23,245 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in NCR by 1.0% in the first quarter. Rhumbline Advisers now owns 380,886 shares of the information technology services provider’s stock valued at $15,308,000 after acquiring an additional 3,867 shares during the last quarter. Institutional investors own 89.75% of the company’s stock.
Wall Street Analyst Weigh In
NCR has been the topic of several analyst reports. Northcoast Research cut NCR from a “buy” rating to a “neutral” rating in a report on Thursday, September 7th. StockNews.com started coverage on NCR in a research note on Monday, November 6th. They issued a “buy” rating on the stock. Finally, DA Davidson boosted their price target on 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.25.
NCR Price Performance
Shares of NYSE:NCR opened at $27.08 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 3.42. NCR Co. has a twelve month low of $18.66 and a twelve month high of $30.99. The stock’s 50 day moving average is $27.95 and its 200-day moving average is $25.79. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 58.87 and a beta of 1.65.
NCR Company Profile
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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