State Board of Administration of Florida Retirement System decreased its position in NCR Co. (NYSE:NCR) by 0.5% during the 1st quarter, Holdings Channel reports. The firm owned 172,350 shares of the information technology services provider’s stock after selling 830 shares during the period. State Board of Administration of Florida Retirement System’s holdings in NCR were worth $4,703,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in NCR by 3.3% in the fourth quarter. Victory Capital Management Inc. now owns 3,200,176 shares of the information technology services provider’s stock worth $73,860,000 after acquiring an additional 101,970 shares during the period. Dimensional Fund Advisors LP lifted its position in NCR by 13.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,037,103 shares of the information technology services provider’s stock valued at $47,016,000 after buying an additional 249,290 shares during the period. Massachusetts Financial Services Co. MA lifted its position in NCR by 1.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,941,497 shares of the information technology services provider’s stock valued at $44,810,000 after buying an additional 33,711 shares during the period. Macquarie Group Ltd. lifted its position in NCR by 9.0% during the fourth quarter. Macquarie Group Ltd. now owns 1,722,792 shares of the information technology services provider’s stock valued at $39,762,000 after buying an additional 142,250 shares during the period. Finally, River Road Asset Management LLC lifted its position in NCR by 5.8% during the first quarter. River Road Asset Management LLC now owns 1,660,361 shares of the information technology services provider’s stock valued at $45,311,000 after buying an additional 91,671 shares during the period. Hedge funds and other institutional investors own 95.02% of the company’s stock.
In other news, EVP J. Robert Ciminera sold 1,720 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adrian Button sold 4,690 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $29.10, for a total value of $136,479.00. Following the transaction, the senior vice president now owns 29,412 shares of the company’s stock, valued at $855,889.20. The disclosure for this sale can be found here. Insiders have sold 82,449 shares of company stock valued at $2,413,442 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.
NCR has been the subject of several recent research reports. Zacks Investment Research raised NCR from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lowered NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. NCR presently has an average rating of “Hold” and an average price target of $35.00.
Shares of NYSE:NCR traded up $0.17 on Friday, hitting $31.52. 702 shares of the company traded hands, compared to its average volume of 902,377. NCR Co. has a 52 week low of $20.93 and a 52 week high of $33.00. The company has a debt-to-equity ratio of 7.31, a current ratio of 1.27 and a quick ratio of 0.90. The company has a market capitalization of $3.84 billion, a PE ratio of 12.01, a PEG ratio of 2.87 and a beta of 1.94.
NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, May 7th. The information technology services provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. NCR had a positive return on equity of 91.22% and a negative net margin of 1.09%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.56 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts anticipate 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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