TIAA CREF Investment Management LLC Has $11.06 Million Stake in NCR Co. (NCR)

TIAA CREF Investment Management LLC cut its stake in NCR Co. (NYSE:NCR) by 64.4% in the 4th quarter, Holdings Channel reports. The firm owned 325,275 shares of the information technology services provider’s stock after selling 587,440 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in NCR were worth $11,056,000 as of its most recent SEC filing.

Several other hedge funds have also 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 acquiring 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 acquiring an additional 1,979 shares in the last quarter. Oakbrook Investments LLC bought 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 acquiring an additional 1,918 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of NCR in the fourth quarter valued at approximately $257,000. 93.02% of the stock is owned by institutional investors.

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In other NCR news, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction on Tuesday, January 23rd. The stock was 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 directly owns 6,802 shares of the company’s stock, valued at $254,122.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul Langenbahn sold 4,522 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $33.90, for a total value of $153,295.80. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on the company. ValuEngine lowered NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson assumed coverage on NCR in a report on Wednesday, February 7th. They issued a “neutral” rating and a $39.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $44.00 target price on shares of NCR in a report on Wednesday, February 7th. Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, TheStreet lowered NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.33.

Shares of NYSE NCR opened at $30.71 on Friday. NCR Co. has a 1-year low of $29.20 and a 1-year high of $45.23. The firm has a market cap of $3,710.66, a price-to-earnings ratio of 9.60, a PEG ratio of 2.35 and a beta of 1.89. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.50 and a quick ratio of 1.09.

NCR (NYSE:NCR) last announced its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.05. NCR had a return on equity of 80.11% and a net margin of 3.56%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the company earned $1.07 earnings per share. NCR’s revenue was down 1.1% compared to the same quarter last year. analysts anticipate that NCR Co. will post 3.34 earnings per share for the current year.

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NCR Profile

NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention applications, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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