Sterling Capital Management LLC cut its stake in NCR Corporation (NYSE:NCR) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,703,412 shares of the information technology services provider’s stock after selling 90,794 shares during the quarter. NCR Corporation comprises approximately 1.1% of Sterling Capital Management LLC’s holdings, making the stock its 14th largest holding. Sterling Capital Management LLC owned approximately 2.23% of NCR Corporation worth $110,407,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Group AG lifted its position in NCR Corporation by 85.6% in the first quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock worth $3,520,000 after buying an additional 35,527 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in NCR Corporation in the second quarter worth $571,000. Geode Capital Management LLC lifted its position in NCR Corporation by 15.9% in the first quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock worth $44,369,000 after buying an additional 133,110 shares during the last quarter. Globeflex Capital L P bought a new stake in NCR Corporation in the first quarter worth $273,000. Finally, James Investment Research Inc. lifted its position in NCR Corporation by 915.2% in the second quarter. James Investment Research Inc. now owns 33,755 shares of the information technology services provider’s stock worth $1,378,000 after buying an additional 30,430 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.
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A number of analysts recently issued reports on NCR shares. BidaskClub downgraded NCR Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Compass Point started coverage on NCR Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $48.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Zacks Investment Research upgraded NCR Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $55.00 target price on shares of NCR Corporation in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. NCR Corporation currently has a consensus rating of “Buy” and an average target price of $47.67.
Shares of NCR Corporation (NCR) traded down 0.50% during trading on Wednesday, hitting $37.58. The stock had a trading volume of 140,197 shares. NCR Corporation has a 12 month low of $29.83 and a 12 month high of $49.90. The company’s 50 day moving average price is $36.50 and its 200 day moving average price is $39.53. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 22.37 and a beta of 1.91.
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, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Equities research analysts expect that NCR Corporation will post $3.37 earnings per share for the current fiscal year.
NCR Corporation 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.
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