Meeder Asset Management Inc. Buys New Stake in NCR Co. (NYSE:NCR)

Share on StockTwits

Meeder Asset Management Inc. bought a new stake in NCR Co. (NYSE:NCR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,082 shares of the information technology services provider’s stock, valued at approximately $65,000.

Other institutional investors also recently bought and sold shares of the company. World Asset Management Inc grew its stake in shares of NCR by 3.8% in the second quarter. World Asset Management Inc now owns 9,214 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 338 shares in the last quarter. Aperio Group LLC grew its stake in shares of NCR by 1.2% in the second quarter. Aperio Group LLC now owns 30,312 shares of the information technology services provider’s stock worth $943,000 after acquiring an additional 345 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of NCR by 0.6% in the first quarter. MetLife Investment Advisors LLC now owns 72,503 shares of the information technology services provider’s stock worth $1,979,000 after acquiring an additional 429 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of NCR by 2.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 21,990 shares of the information technology services provider’s stock worth $684,000 after acquiring an additional 440 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of NCR by 3.3% in the second quarter. Advisory Services Network LLC now owns 14,094 shares of the information technology services provider’s stock worth $438,000 after acquiring an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 95.25% of the company’s stock.

In related news, EVP J. Robert Ciminera sold 16,888 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $30.32, for a total value of $512,044.16. Following the completion of the sale, the executive vice president now directly owns 33,278 shares of the company’s stock, valued at $1,008,988.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Several equities analysts have commented on the stock. TheStreet upgraded shares of NCR from a “c” rating to a “b” rating in a research note on Tuesday, July 30th. Benchmark set a $40.00 target price on shares of NCR and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of NCR from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Finally, Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NCR has a consensus rating of “Buy” and an average target price of $34.50.

Shares of NCR stock opened at $29.85 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 6.05. The firm has a fifty day moving average price of $31.13 and a 200 day moving average price of $29.85. The company has a market cap of $3.67 billion, a P/E ratio of 11.39, a PEG ratio of 2.72 and a beta of 1.61. NCR Co. has a 12 month low of $20.93 and a 12 month high of $35.08.

NCR (NYSE:NCR) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. NCR had a net margin of 2.47% and a return on equity of 86.80%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that NCR Co. will post 2.8 EPS for the current year.

About NCR

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

Recommended Story: What is a stock buyback?

Want to see what other hedge funds are holding NCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Co. (NYSE:NCR).

Institutional Ownership by Quarter for NCR (NYSE:NCR)

Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Lockheed Martin Co.  Shares Purchased by Peapack Gladstone Financial Corp
Lockheed Martin Co. Shares Purchased by Peapack Gladstone Financial Corp
Peapack Gladstone Financial Corp Has $399,000 Stake in Weyerhaeuser Co
Peapack Gladstone Financial Corp Has $399,000 Stake in Weyerhaeuser Co
Peapack Gladstone Financial Corp Reduces Stake in Schwab U.S. Large-Cap Value ETF
Peapack Gladstone Financial Corp Reduces Stake in Schwab U.S. Large-Cap Value ETF
Peapack Gladstone Financial Corp Trims Stock Holdings in Yum! Brands, Inc.
Peapack Gladstone Financial Corp Trims Stock Holdings in Yum! Brands, Inc.
Paychex, Inc.  Shares Sold by Peapack Gladstone Financial Corp
Paychex, Inc. Shares Sold by Peapack Gladstone Financial Corp
Peapack Gladstone Financial Corp Buys 1,161 Shares of Edwards Lifesciences Corp
Peapack Gladstone Financial Corp Buys 1,161 Shares of Edwards Lifesciences Corp


© 2006-2019 Ticker Report