NCR (NYSE:NCR) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.
NCR has been the topic of a number of other research reports. Wells Fargo & Co assumed coverage on shares of NCR in a report on Wednesday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock. Morgan Stanley increased their price target on shares of NCR from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday. Benchmark set a $40.00 price target on shares of NCR and gave the company a “buy” rating in a report on Wednesday, July 31st. DA Davidson increased their price target on shares of NCR from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, ValuEngine cut shares of NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.
Shares of NYSE NCR traded up $0.53 on Friday, reaching $32.14. 208,273 shares of the company’s stock traded hands, compared to its average volume of 1,070,036. NCR has a 12 month low of $20.93 and a 12 month high of $35.08. The business’s 50 day simple moving average is $30.09 and its two-hundred day simple moving average is $30.87. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 12.27 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 5.20.
In other news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $32.75, for a total transaction of $299,006,386.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Paul Langenbahn sold 28,833 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total transaction of $934,765.86. Following the sale, the vice president now owns 86,925 shares in the company, valued at approximately $2,818,108.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,175,687 shares of company stock worth $300,453,197. Corporate insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of NCR. Carroll Financial Associates Inc. boosted its holdings in NCR by 998.9% in the second quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 869 shares during the last quarter. Garnet Equity Capital Holdings Inc. purchased a new stake in NCR in the second quarter worth approximately $2,644,000. Oregon Public Employees Retirement Fund boosted its holdings in NCR by 3.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 48,140 shares of the information technology services provider’s stock worth $1,497,000 after purchasing an additional 1,450 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in NCR in the second quarter worth approximately $533,000. Finally, World Asset Management Inc boosted its holdings in NCR by 3.8% in the second quarter. World Asset Management Inc now owns 9,214 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 87.10% of the company’s stock.
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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