Ameriprise Financial Inc. raised its stake in shares of NCR Corp. (NYSE:NCR) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,558 shares of the company’s stock after buying an additional 14,043 shares during the period. Ameriprise Financial Inc. owned 0.27% of NCR Corp. worth $9,235,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of NCR. KBC Group NV purchased a new position in shares of NCR Corp. during the second quarter valued at approximately $178,000. LS Investment Advisors LLC boosted its position in shares of NCR Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 7,496 shares of the company’s stock valued at $208,000 after buying an additional 3,112 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of NCR Corp. during the first quarter valued at approximately $239,000. GSA Capital Partners LLP purchased a new position in shares of NCR Corp. during the second quarter valued at approximately $235,000. Finally, BlueMountain Capital Management LLC boosted its position in shares of NCR Corp. by 16,636.5% in the first quarter. BlueMountain Capital Management LLC now owns 8,703 shares of the company’s stock valued at $260,000 after buying an additional 8,651 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.
Shares of NCR Corp. (NYSE:NCR) traded down 1.37% during trading on Monday, reaching $31.75. 204,006 shares of the company traded hands. The stock has a market cap of $3.93 billion, a P/E ratio of 22.61 and a beta of 1.81. NCR Corp. has a 12 month low of $18.02 and a 12 month high of $34.99. The stock’s 50 day moving average price is $32.86 and its 200-day moving average price is $30.60.
NCR Corp. (NYSE:NCR) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The firm earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.56 billion. NCR Corp. had a return on equity of 52.33% and a net margin of 3.68%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. On average, equities research analysts expect that NCR Corp. will post $2.95 EPS for the current fiscal year.
Several brokerages have commented on NCR. JPMorgan Chase & Co. raised their target price on shares of NCR Corp. from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Wedbush raised their target price on shares of NCR Corp. from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Zacks Investment Research cut shares of NCR Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Finally, TheStreet upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.88.
In other NCR Corp. news, EVP Andrea Ledford sold 6,455 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $34.02, for a total transaction of $219,599.10. Following the completion of the sale, the executive vice president now directly owns 93,454 shares of the company’s stock, valued at approximately $3,179,305.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew S. Heyman sold 16,119 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total value of $502,429.23. Following the completion of the sale, the senior vice president now directly owns 24,396 shares of the company’s stock, valued at $760,423.32. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
About NCR Corp.
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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