JPMorgan Chase & Co. Trims Stake in NCR Co. (NYSE:NCR)

JPMorgan Chase & Co. cut its stake in shares of NCR Co. (NYSE:NCR) by 9.9% during the first quarter, HoldingsChannel.com reports. The fund owned 201,179 shares of the information technology services provider’s stock after selling 22,083 shares during the quarter. JPMorgan Chase & Co.’s holdings in NCR were worth $5,489,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. ETF Managers Group LLC boosted its stake in shares of NCR by 9.7% during the first quarter. ETF Managers Group LLC now owns 288,150 shares of the information technology services provider’s stock valued at $7,864,000 after purchasing an additional 25,513 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of NCR by 34.5% during the fourth quarter. Rhumbline Advisers now owns 333,849 shares of the information technology services provider’s stock valued at $7,705,000 after purchasing an additional 85,703 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of NCR by 2,208.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,077,605 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 1,030,915 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of NCR by 0.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,277,608 shares of the information technology services provider’s stock valued at $28,565,000 after purchasing an additional 11,314 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of NCR by 125.3% during the fourth quarter. Raymond James & Associates now owns 511,501 shares of the information technology services provider’s stock valued at $11,805,000 after purchasing an additional 284,491 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

NCR has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.29.

In other NCR news, SVP Adrian Button sold 4,639 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $28.61, for a total value of $132,721.79. Following the completion of the sale, the senior vice president now directly owns 24,357 shares in the company, valued at $696,853.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP J. Robert Ciminera sold 5,430 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $28.58, for a total transaction of $155,189.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,098 shares of company stock valued at $1,218,161. 1.00% of the stock is owned by insiders.

Shares of NCR opened at $31.34 on Friday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.91 and a beta of 1.72. NCR Co. has a twelve month low of $20.93 and a twelve month high of $33.18. The company has a debt-to-equity ratio of 7.31, a current ratio of 1.27 and a quick ratio of 0.90.

NCR (NYSE:NCR) last announced its earnings results on Tuesday, May 7th. The information technology services provider reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. NCR had a negative net margin of 1.09% and a positive return on equity of 91.22%. NCR’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. On average, equities analysts predict that NCR Co. will post 2.78 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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