Capital Fund Management S.A. decreased its stake in shares of NCR Corp. (NYSE:NCR) by 58.3% during the second quarter, Holdings Channel reports. The institutional investor owned 221,249 shares of the company’s stock after selling 309,296 shares during the period. Capital Fund Management S.A.’s holdings in NCR Corp. were worth $6,144,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. LS Investment Advisors LLC raised 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 in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of NCR Corp. during the first quarter valued at about $239,000. BlueMountain Capital Management LLC raised 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 in the last quarter. Parametrica Management Ltd purchased a new position in shares of NCR Corp. during the second quarter valued at about $309,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of NCR Corp. during the second quarter valued at about $339,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.
NCR Corp. (NYSE:NCR) traded up 1.71% during midday trading on Friday, reaching $32.19. The company had a trading volume of 696,245 shares. NCR Corp. has a one year low of $18.02 and a one year high of $34.99. The company has a market capitalization of $3.99 billion, a PE ratio of 22.93 and a beta of 1.66. The stock’s 50 day moving average is $32.86 and its 200 day moving average is $30.60.
NCR Corp. (NYSE:NCR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share (EPS) 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 the consensus estimate of $1.56 billion. NCR Corp. had a net margin of 3.68% and a return on equity of 52.33%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Equities research analysts forecast that NCR Corp. will post $2.95 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on NCR Corp. from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Wedbush upped their price objective on NCR Corp. from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Zacks Investment Research lowered NCR Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Finally, TheStreet upgraded NCR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.88.
In other NCR Corp. news, SVP Andrew S. Heyman sold 16,119 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total transaction of $502,429.23. Following the completion of the sale, the senior vice president now directly owns 24,396 shares in the company, valued at $760,423.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrea Ledford sold 6,455 shares of NCR Corp. stock in a transaction that occurred on Tuesday, August 23rd. The shares were 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 owns 93,454 shares of the company’s stock, valued at $3,179,305.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
NCR Corp. Company Profile
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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