NCR Co. (NYSE:NCR)’s stock price was down 5.7% on Wednesday . The company traded as low as $29.73 and last traded at $29.96, approximately 763,648 shares changed hands during trading. A decline of 16% from the average daily volume of 911,943 shares. The stock had previously closed at $31.78.
A number of analysts have recently weighed in on NCR shares. ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research note on Monday, July 29th. Zacks Investment Research downgraded NCR from a “hold” rating to a “sell” rating and set a $34.00 price objective for the company. in a report on Wednesday, June 12th. Morgan Stanley increased their price objective on NCR from $28.00 to $31.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Benchmark set a $40.00 price objective on NCR and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, TheStreet upgraded NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $34.50.
The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 6.05. The company has a market capitalization of $3.84 billion, a PE ratio of 11.44, a PEG ratio of 2.84 and a beta of 1.61. The company’s 50-day moving average price is $31.27.
NCR (NYSE:NCR) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. NCR had a return on equity of 86.80% and a net margin of 2.47%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, research analysts predict that NCR Co. will post 2.8 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC boosted its position in NCR by 9.7% in the 1st quarter. ETF Managers Group LLC now owns 288,150 shares of the information technology services provider’s stock valued at $7,864,000 after buying an additional 25,513 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of NCR by 48.7% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,679 shares of the information technology services provider’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of NCR by 0.7% during the 1st quarter. Arizona State Retirement System now owns 85,408 shares of the information technology services provider’s stock valued at $2,331,000 after purchasing an additional 571 shares in the last quarter. Investors Research Corp bought a new position in NCR in the 1st quarter worth $104,000. Finally, Norges Bank bought a new position in NCR in the 4th quarter worth $11,727,000. Institutional investors and hedge funds own 94.00% of the company’s stock.
About NCR (NYSE:NCR)
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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