AMP Capital Investors Ltd grew its stake in NCR Co. (NYSE:NCR) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 48,604 shares of the information technology services provider’s stock after acquiring an additional 7,500 shares during the period. AMP Capital Investors Ltd’s holdings in NCR were worth $1,652,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in NCR. Fuller & Thaler Asset Management Inc. grew 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NCR by 43.1% in 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 purchasing an additional 1,979 shares in the last quarter. Oakbrook Investments LLC acquired a new position in shares of NCR in the fourth quarter valued at approximately $226,000. Financial Counselors Inc. grew its holdings in shares of NCR by 34.5% in the fourth quarter. Financial Counselors Inc. now owns 7,475 shares of the information technology services provider’s stock valued at $254,000 after purchasing an additional 1,918 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in shares of NCR in the fourth quarter valued at approximately $257,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.
In other NCR news, EVP J. Robert Ciminera sold 1,937 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 6,802 shares in the company, valued at approximately $254,122.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Langenbahn sold 4,522 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.90, for a total transaction of $153,295.80. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.87 by $0.05. NCR had a net margin of 3.56% and a return on equity of 80.11%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. equities analysts forecast that NCR Co. will post 3.34 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet cut shares of NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. Morgan Stanley dropped their price objective on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Benchmark restated a “buy” rating and issued a $44.00 price objective on shares of NCR in a report on Wednesday, February 7th. Finally, DA Davidson initiated coverage on shares of NCR in a report on Wednesday, February 7th. They issued a “neutral” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.33.
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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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