NCR (NYSE:NCR) Shares Gap Down to $33.61

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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.

NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share (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 company 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 earned $0.65 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that NCR Co. will post 2.8 EPS for the current fiscal year.

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.

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