Skyline Asset Management LP lowered its position in shares of NCR Co. (NYSE:NCR) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,800 shares of the information technology services provider’s stock after selling 45,800 shares during the quarter. Skyline Asset Management LP’s holdings in NCR were worth $8,919,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. ETF Managers Group LLC raised its holdings 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 acquiring an additional 25,513 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of NCR by 48.7% during the first quarter. Valeo Financial Advisors LLC now owns 2,679 shares of the information technology services provider’s stock valued at $73,000 after acquiring an additional 877 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 acquiring an additional 249,290 shares during the period. Arizona State Retirement System increased its stake in NCR by 0.7% in 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 buying an additional 571 shares during the period. Finally, ICM Asset Management Inc. WA acquired a new position in NCR in the 1st quarter valued at approximately $2,930,000. Institutional investors and hedge funds own 94.43% of the company’s stock.
NCR stock traded up $0.34 during trading hours on Friday, hitting $31.69. The company had a trading volume of 18,664 shares, compared to its average volume of 761,584. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 2.81 and a beta of 1.63. The company has a quick ratio of 0.90, a current ratio of 1.27 and a debt-to-equity ratio of 7.31. The company’s fifty day moving average is $31.05. NCR Co. has a fifty-two week low of $20.93 and a fifty-two week high of $33.18.
NCR (NYSE:NCR) last released its quarterly earnings data 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. NCR had a negative net margin of 1.09% and a positive return on equity of 91.22%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. As a group, analysts expect that NCR Co. will post 2.78 EPS for the current year.
NCR has been the topic of several research reports. Zacks Investment Research upgraded shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, June 12th. Morgan Stanley set a CHF 105 price objective on shares of Nestlé and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.
In other NCR news, EVP J. Robert Ciminera sold 5,430 shares of the business’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 value of $155,189.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel William Campbell sold 31,029 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $29.98, for a total transaction of $930,249.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,098 shares of company stock worth $1,218,161. Company insiders own 1.00% 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.
See Also: Liquidity
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