An issue of NCR Co. (NYSE:NCR) bonds rose 0.9% against their face value during trading on Tuesday. The high-yield issue of debt has a 6.375% coupon and will mature on December 15, 2023. The debt is now trading at $104.36 and was trading at $104.00 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
NCR has been the topic of several research reports. TheStreet downgraded shares of NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley lowered their price objective on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Benchmark restated a “buy” rating and set a $44.00 price objective on shares of NCR in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. NCR has an average rating of “Buy” and a consensus target price of $45.25.
NCR Co. (NYSE:NCR) traded down $0.28 on Tuesday, reaching $35.42. 827,800 shares of the company’s stock traded hands, compared to its average volume of 1,288,329. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.09 and a current ratio of 1.50. NCR Co. has a 1 year low of $29.20 and a 1 year high of $45.92. The firm has a market capitalization of $4,230.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.87.
In other news, EVP Paul Langenbahn sold 4,522 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $33.90, for a total value of $153,295.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the sale, the executive vice president now owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its holdings in shares of NCR by 392.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 6,400 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 5,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NCR by 43.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock valued at $223,000 after buying an additional 1,979 shares during the period. Oakbrook Investments LLC bought a new position in NCR during the fourth quarter valued at about $226,000. Financial Counselors Inc. grew its position in NCR by 34.5% during the fourth quarter. Financial Counselors Inc. now owns 7,475 shares of the information technology services provider’s stock valued at $254,000 after buying an additional 1,918 shares during the period. Finally, Ramsey Quantitative Systems bought a new position in NCR during the fourth quarter valued at about $257,000. Institutional investors own 92.97% of the company’s stock.
NCR Company Profile
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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