Vanguard Group Inc. Sells 268,496 Shares of NCR Co. (NCR)

Vanguard Group Inc. lowered its stake in shares of NCR Co. (NYSE:NCR) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,812,438 shares of the information technology services provider’s stock after selling 268,496 shares during the quarter. Vanguard Group Inc. owned 9.15% of NCR worth $307,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of NCR. Bell Rock Capital LLC purchased a new position in NCR in the third quarter valued at $118,000. Dorsey & Whitney Trust CO LLC purchased a new position in NCR in the third quarter valued at $222,000. Janney Montgomery Scott LLC increased its holdings in NCR by 51.7% in the third quarter. Janney Montgomery Scott LLC now owns 10,244 shares of the information technology services provider’s stock valued at $291,000 after buying an additional 3,493 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in NCR by 37.8% in the third quarter. Bbva Compass Bancshares Inc. now owns 12,341 shares of the information technology services provider’s stock valued at $350,000 after buying an additional 3,388 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of NCR by 97.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,771 shares of the information technology services provider’s stock worth $413,000 after purchasing an additional 6,799 shares during the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered NCR from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Morgan Stanley dropped their price objective on NCR from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 31st. ValuEngine raised NCR from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. DA Davidson raised NCR from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $27.50 to $30.00 in a report on Tuesday, January 8th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of NCR in a report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.00.

Shares of NCR stock opened at $25.95 on Monday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 2.20 and a beta of 1.77. NCR Co. has a 1 year low of $20.93 and a 1 year high of $38.68. The company has a debt-to-equity ratio of 6.43, a quick ratio of 0.97 and a current ratio of 1.42.

NCR (NYSE:NCR) last issued its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. NCR had a positive return on equity of 75.44% and a negative net margin of 1.33%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted $0.93 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. Analysts predict that NCR Co. will post 2.62 earnings per share for the current year.

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About NCR

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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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