Shares of NCR Co. (NYSE:NCR) gapped down before the market opened on Thursday . The stock had previously closed at $35.05, but opened at $33.61. NCR shares last traded at $32.29, with a volume of 4,987,331 shares traded.
NCR has been the subject of several recent research reports. Benchmark set a $40.00 price objective on shares of NCR and gave the company a “buy” rating in a research note on Wednesday, July 31st. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Morgan Stanley raised their price objective on shares of NCR from $28.00 to $31.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Wells Fargo & Co initiated coverage on shares of NCR in a research note on Wednesday. They issued an “outperform” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 price objective for the company. in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $36.00.
The business’s 50 day moving average is $31.74 and its 200-day moving average is $30.37. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.32 and a quick ratio of 0.94. The company has a market cap of $4.05 billion, a PE ratio of 12.42, a P/E/G ratio of 3.00 and a beta of 1.60.
In other NCR news, EVP J. Robert Ciminera sold 16,888 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $30.32, for a total transaction of $512,044.16. Following the sale, the executive vice president now owns 33,278 shares of the company’s stock, valued at $1,008,988.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul Langenbahn sold 28,833 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.42, for a total transaction of $934,765.86. Following the sale, the vice president now directly owns 86,925 shares in the company, valued at approximately $2,818,108.50. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Atria Investments LLC acquired a new position in shares of NCR in the 2nd quarter valued at $3,027,000. BlackRock Inc. boosted its position in shares of NCR by 3.7% in the 2nd quarter. BlackRock Inc. now owns 10,888,105 shares of the information technology services provider’s stock worth $338,619,000 after buying an additional 390,502 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of NCR by 16.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 453,445 shares of the information technology services provider’s stock worth $14,102,000 after buying an additional 65,325 shares in the last quarter. Colony Group LLC purchased a new stake in shares of NCR in the 2nd quarter worth about $793,000. Finally, Maltese Capital Management LLC purchased a new stake in shares of NCR in the 2nd quarter worth about $2,616,000. 93.30% of the stock is currently owned by institutional investors.
NCR Company Profile (NYSE: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.
Featured Article: Google Finance Portfolio Tips and Tricks
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.