AQR Capital Management LLC cut its position in NCR Corporation (NYSE:NCR) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 841,830 shares of the information technology services provider’s stock after selling 5,549 shares during the period. AQR Capital Management LLC’s holdings in NCR Corporation were worth $38,455,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of NCR. Nationwide Fund Advisors boosted its position in NCR Corporation by 20.9% in the first quarter. Nationwide Fund Advisors now owns 706,925 shares of the information technology services provider’s stock worth $32,292,000 after buying an additional 122,010 shares in the last quarter. Candriam Luxembourg S.C.A. acquired a new position in NCR Corporation during the first quarter worth approximately $3,630,000. James Investment Research Inc. acquired a new position in NCR Corporation during the first quarter worth approximately $152,000. Telemus Capital LLC boosted its position in NCR Corporation by 19.7% in the first quarter. Telemus Capital LLC now owns 7,660 shares of the information technology services provider’s stock worth $350,000 after buying an additional 1,260 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in NCR Corporation by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the information technology services provider’s stock worth $1,439,000 after buying an additional 800 shares in the last quarter. 88.27% of the stock is currently owned by institutional investors.
NCR Corporation (NCR) traded down 1.44% during mid-day trading on Tuesday, reaching $39.57. The company’s stock had a trading volume of 155,893 shares. The firm’s 50 day moving average is $40.66 and its 200-day moving average is $42.91. NCR Corporation has a 12-month low of $25.20 and a 12-month high of $49.90. The company has a market cap of $4.80 billion, a PE ratio of 27.69 and a beta of 1.91.
NCR Corporation (NYSE:NCR) last posted its earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Equities analysts anticipate that NCR Corporation will post $3.37 earnings per share for the current fiscal year.
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A number of research analysts recently commented on the company. Zacks Investment Research raised NCR Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $51.00 price objective on shares of NCR Corporation in a research note on Wednesday, April 12th. Benchmark Co. initiated coverage on NCR Corporation in a research note on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective on the stock. CIBC raised NCR Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Finally, Oppenheimer Holdings, Inc. raised NCR Corporation from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Thursday, March 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.29.
In other NCR Corporation news, EVP J. Robert Ciminera sold 3,086 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total transaction of $131,093.28. Following the completion of the sale, the executive vice president now owns 9,888 shares of the company’s stock, valued at $420,042.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.
About NCR Corporation
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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