Equities researchers at Wells Fargo & Co initiated coverage on shares of NCR (NYSE:NCR) in a research report issued on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating and a $45.00 price target on the information technology services provider’s stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 39.36% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Benchmark set a $40.00 price target on shares of NCR and gave the company a “buy” rating in a report on Wednesday, July 31st. TheStreet upgraded shares of NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 price target on the stock. in a report on Wednesday, June 12th. Finally, Morgan Stanley raised their price target on shares of NCR from $28.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. NCR currently has a consensus rating of “Buy” and a consensus price target of $36.00.
NCR stock opened at $32.29 on Wednesday. NCR has a 12-month low of $20.93 and a 12-month high of $35.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 6.05. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.95 and a beta of 1.60. The company has a 50 day moving average of $31.76 and a two-hundred day moving average of $30.35.
In related news, VP Paul Langenbahn sold 28,833 shares of NCR stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total value of $934,765.86. Following the transaction, the vice president now owns 86,925 shares in the company, valued at approximately $2,818,108.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J. Robert Ciminera sold 16,888 shares of NCR stock in a transaction on Monday, August 26th. The stock was sold at an average price of $30.32, for a total transaction of $512,044.16. Following the completion of the transaction, the executive vice president now owns 33,278 shares in the company, valued at approximately $1,008,988.96. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in NCR in the 2nd quarter worth $26,000. Carroll Financial Associates Inc. raised its holdings in NCR by 998.9% in the 2nd quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 869 shares during the period. Tortoise Index Solutions LLC bought a new position in NCR in the 1st quarter worth $47,000. Meeder Asset Management Inc. bought a new position in NCR in the 2nd quarter worth $65,000. Finally, Financial Gravity Wealth Inc. raised its holdings in NCR by 303.0% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,120 shares of the information technology services provider’s stock worth $66,000 after acquiring an additional 1,594 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.
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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