Public Employees Retirement System of Ohio lessened its stake in shares of NCR Co. (NYSE:NCR) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,661 shares of the information technology services provider’s stock after selling 4,623 shares during the period. Public Employees Retirement System of Ohio’s holdings in NCR were worth $823,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in shares of NCR during the 4th quarter valued at $29,000. Quantamental Technologies LLC acquired a new stake in shares of NCR during the 4th quarter valued at $32,000. First Hawaiian Bank lifted its position in shares of NCR by 142.7% during the 4th quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 969 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of NCR by 8,481.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,802 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 1,781 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of NCR by 30.4% during the 4th quarter. Advisor Group Inc. now owns 2,875 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 97.16% of the company’s stock.
In other news, SVP Adrian Button sold 3,971 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $28.56, for a total value of $113,411.76. Following the transaction, the senior vice president now directly owns 22,590 shares of the company’s stock, valued at $645,170.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J. Robert Ciminera sold 1,720 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $27.68, for a total transaction of $47,609.60. Following the completion of the transaction, the executive vice president now directly owns 3,391 shares in the company, valued at $93,862.88. The disclosure for this sale can be found here. Insiders sold 66,265 shares of company stock valued at $1,888,380 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.
NCR (NYSE:NCR) last released its earnings results on Thursday, February 7th. The information technology services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. NCR had a positive return on equity of 85.30% and a negative net margin of 1.36%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. Sell-side analysts anticipate that NCR Co. will post 2.79 EPS for the current fiscal year.
A number of analysts have recently issued reports on NCR shares. DA Davidson upgraded NCR from a “neutral” rating to a “buy” rating and increased their target price for the company from $27.50 to $30.00 in a report on Tuesday, January 8th. Royal Bank of Canada upgraded NCR from an “outperform” rating to a “top pick” rating and set a $40.00 target price for the company in a report on Tuesday, December 18th. Zacks Investment Research lowered NCR from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Finally, JPMorgan Chase & Co. lowered NCR from an “overweight” rating to a “neutral” rating and set a $32.00 target price for the company. in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $35.00.
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NCR Company Profile
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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