Public Employees Retirement Association of Colorado Has $1.06 Million Stake in NCR Corporation (NCR)

Public Employees Retirement Association of Colorado decreased its position in NCR Corporation (NYSE:NCR) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,824 shares of the information technology services provider’s stock after selling 125 shares during the period. Public Employees Retirement Association of Colorado’s holdings in NCR Corporation were worth $1,055,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NCR. BlackRock Inc. increased its position in shares of NCR Corporation by 7,816.4% in the first quarter. BlackRock Inc. now owns 10,676,674 shares of the information technology services provider’s stock worth $487,709,000 after buying an additional 10,541,807 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of NCR Corporation 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 last quarter. Morgan Stanley increased its position in shares of NCR Corporation by 239.9% in the first quarter. Morgan Stanley now owns 1,000,742 shares of the information technology services provider’s stock worth $45,713,000 after buying an additional 706,292 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NCR Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 12,569,090 shares of the information technology services provider’s stock worth $574,156,000 after buying an additional 674,711 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of NCR Corporation 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 last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Shares of NCR Corporation (NYSE:NCR) opened at 35.61 on Wednesday. The stock has a market cap of $4.33 billion, a P/E ratio of 21.94 and a beta of 1.88. NCR Corporation has a 52-week low of $29.83 and a 52-week high of $49.90. The firm has a 50-day moving average price of $39.11 and a 200-day moving average price of $42.16.

NCR Corporation (NYSE:NCR) last posted its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that NCR Corporation will post $3.37 EPS for the current fiscal year.

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A number of equities analysts recently commented on NCR shares. Zacks Investment Research upgraded NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, June 6th. TheStreet downgraded NCR Corporation from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $51.00 price objective on shares of NCR Corporation in a research report on Friday, May 12th. Compass Point started coverage on NCR Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Benchmark Co. reiterated a “buy” rating and set a $55.00 price objective on shares of NCR Corporation in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have assigned 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 $47.29.

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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Institutional Ownership by Quarter for NCR Corporation (NYSE:NCR)

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