Shares of NCR Co. (NYSE:NCR) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $43.33.
NCR has been the subject of a number of recent research reports. DA Davidson initiated coverage on shares of NCR in a research note on Wednesday, February 7th. They set a “neutral” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Benchmark restated a “buy” rating and set a $44.00 price objective on shares of NCR in a research note on Wednesday, February 7th. ValuEngine downgraded shares of NCR from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley reduced their price objective on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th.
Shares of NCR stock traded down $0.58 during trading hours on Friday, reaching $30.71. 690,497 shares of the company’s stock were exchanged, compared to its average volume of 874,385. NCR has a fifty-two week low of $29.20 and a fifty-two week high of $45.23. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.50 and a quick ratio of 1.09. The company has a market cap of $3,636.06, a price-to-earnings ratio of 9.60, a P/E/G ratio of 2.30 and a beta of 1.89.
In related news, EVP Paul Langenbahn sold 4,522 shares of the firm’s 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 can be accessed through the SEC website. Also, EVP J. Robert Ciminera sold 1,937 shares of the firm’s 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 $254,122.72. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new stake in NCR in the 4th quarter valued at about $401,000. J. Goldman & Co LP acquired a new stake in NCR in the 4th quarter valued at about $6,277,000. ICM Asset Management Inc. WA lifted its stake in NCR by 28.0% in the 4th quarter. ICM Asset Management Inc. WA now owns 100,444 shares of the information technology services provider’s stock valued at $3,414,000 after purchasing an additional 21,961 shares during the last quarter. Sterling Capital Management LLC lifted its stake in NCR by 36.1% in the 4th quarter. Sterling Capital Management LLC now owns 4,028,177 shares of the information technology services provider’s stock valued at $136,918,000 after purchasing an additional 1,068,564 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in NCR in the 4th quarter valued at about $2,619,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
NCR Company 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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