Paul Langenbahn Sells 28,833 Shares of NCR Co. (NYSE:NCR) Stock

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NCR Co. (NYSE:NCR) VP Paul Langenbahn sold 28,833 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total transaction of $934,765.86. Following the completion of the sale, the vice president now directly owns 86,925 shares in the company, valued at approximately $2,818,108.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NCR stock opened at $33.98 on Thursday. The company has a market capitalization of $3.97 billion, a PE ratio of 12.97, a P/E/G ratio of 2.94 and a beta of 1.60. NCR Co. has a 12 month low of $20.93 and a 12 month high of $35.08. The firm’s 50-day moving average is $31.59 and its 200 day moving average is $30.19. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.32 and a quick ratio of 0.94.

NCR (NYSE:NCR) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.10. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NCR had a net margin of 2.47% and a return on equity of 86.80%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Sell-side analysts forecast that NCR Co. will post 2.8 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in NCR by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 1,208,210 shares of the information technology services provider’s stock valued at $27,885,000 after purchasing an additional 158,849 shares in the last quarter. Arizona State Retirement System increased its stake in shares of NCR by 0.7% during the first quarter. Arizona State Retirement System now owns 85,408 shares of the information technology services provider’s stock valued at $2,331,000 after buying an additional 571 shares during the period. SG Americas Securities LLC raised its holdings in shares of NCR by 17.1% in the first quarter. SG Americas Securities LLC now owns 10,532 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 1,535 shares in the last quarter. Quantamental Technologies LLC raised its holdings in shares of NCR by 71.1% in the first quarter. Quantamental Technologies LLC now owns 2,406 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in NCR by 0.3% in the first quarter. Rhumbline Advisers now owns 334,866 shares of the information technology services provider’s stock worth $9,138,000 after acquiring an additional 1,017 shares during the period. 93.68% of the stock is currently owned by institutional investors.

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

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.

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