Thrivent Financial for Lutherans increased its stake in NCR Co. (NYSE:NCR) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,130 shares of the company’s stock after buying an additional 1,740 shares during the period. Thrivent Financial for Lutherans’ holdings in NCR were worth $857,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Integrated Wealth Management increased its stake in shares of NCR by 13,604.3% in the third quarter. Integrated Wealth Management now owns 3,152 shares of the company’s stock worth $101,000 after buying an additional 3,129 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of NCR during the third quarter worth about $102,000. Riverhead Capital Management LLC increased its stake in shares of NCR by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the company’s stock worth $142,000 after buying an additional 1,727 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of NCR by 18.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,082 shares of the company’s stock worth $196,000 after buying an additional 933 shares during the last quarter. Finally, Creative Planning increased its stake in shares of NCR by 1.4% in the third quarter. Creative Planning now owns 6,751 shares of the company’s stock worth $217,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.
NCR Co. (NYSE:NCR) opened at 43.61 on Monday. The stock’s 50 day moving average price is $46.02 and its 200-day moving average price is $39.28. The firm has a market capitalization of $5.36 billion, a P/E ratio of 25.67 and a beta of 1.82. NCR Co. has a 12 month low of $25.20 and a 12 month high of $49.90.
NCR (NYSE:NCR) last released its earnings results on Thursday, February 9th. The company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. NCR had a return on equity of 76.86% and a net margin of 4.13%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts forecast that NCR Co. will post $3.31 earnings per share for the current year.
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Several equities analysts have weighed in on NCR shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of NCR in a research report on Tuesday, March 14th. Zacks Investment Research downgraded NCR from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th. CIBC raised NCR from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Oppenheimer Holdings Inc. raised NCR from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Thursday, March 16th. Finally, Citigroup Inc raised NCR to an “outperform” rating and set a $51.00 target price for the company in a research report on Thursday, March 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.17.
In related news, Chairman William Nuti sold 386,637 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $45.80, for a total transaction of $17,707,974.60. Following the transaction, the chairman now directly owns 386,227 shares in the company, valued at $17,689,196.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frederick Marquardt sold 5,852 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $49.06, for a total value of $287,099.12. Following the transaction, the executive vice president now owns 83,344 shares in the company, valued at $4,088,856.64. The disclosure for this sale can be found here. Insiders have sold 3,416,199 shares of company stock worth $164,420,481 over the last quarter. 1.20% of the stock is currently owned by company insiders.
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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