Oxford Asset Management Buys 31,834 Shares of NCR Co. (NCR)

Oxford Asset Management raised its position in shares of NCR Co. (NYSE:NCR) by 59.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,804 shares of the information technology services provider’s stock after buying an additional 31,834 shares during the period. Oxford Asset Management’s holdings in NCR were worth $3,920,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in NCR by 386.3% in the first quarter. Wells Fargo & Company MN now owns 1,987,821 shares of the information technology services provider’s stock worth $90,804,000 after buying an additional 1,579,083 shares during the period. Norges Bank acquired a new stake in NCR during the fourth quarter worth approximately $52,346,000. Pictet Asset Management Ltd. boosted its stake in NCR by 65.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,341,000 shares of the information technology services provider’s stock worth $61,257,000 after buying an additional 528,200 shares during the period. Bank of New York Mellon Corp boosted its stake in NCR by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 2,664,830 shares of the information technology services provider’s stock worth $121,730,000 after buying an additional 427,480 shares during the period. Finally, First Quadrant L P CA boosted its stake in NCR by 95.9% in the first quarter. First Quadrant L P CA now owns 821,936 shares of the information technology services provider’s stock worth $37,546,000 after buying an additional 402,299 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

Shares of NCR Co. (NYSE:NCR) traded up 1.86% during mid-day trading on Friday, hitting $39.37. The stock had a trading volume of 1,023,468 shares. The stock has a 50 day moving average price of $42.77 and a 200-day moving average price of $42.39. The company has a market cap of $4.78 billion, a PE ratio of 27.55 and a beta of 1.82. NCR Co. has a 52-week low of $25.20 and a 52-week high of $49.90.

NCR (NYSE:NCR) last released its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.10. NCR had a return on equity of 76.86% and a net margin of 4.13%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $0.38 EPS. NCR’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that NCR Co. will post $3.37 earnings per share for the current fiscal year.

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NCR has been the topic of a number of research analyst reports. TheStreet lowered NCR from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Zacks Investment Research raised NCR from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, April 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of NCR in a research note on Tuesday, March 14th. Citigroup Inc raised NCR to an “outperform” rating and set a $51.00 price target on the stock in a research note on Thursday, March 16th. Finally, CIBC raised NCR from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.00.

In other NCR news, EVP Frederick Marquardt sold 5,852 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $49.06, for a total transaction of $287,099.12. Following the completion of the transaction, the executive vice president now owns 83,344 shares of the company’s stock, valued at $4,088,856.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $48.47, for a total value of $145,543,437.91. The disclosure for this sale can be found here. Insiders sold a total of 3,014,479 shares of company stock valued at $146,094,674 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

NCR Company Profile

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.

5 Day Chart for NYSE:NCR

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