NCR Sees Unusually Large Options Volume (NCR)

NCR Co. (NYSE:NCR) was the target of unusually large options trading activity on Thursday. Traders acquired 6,333 call options on the company. This is an increase of 2,107% compared to the average daily volume of 287 call options.

In other NCR news, EVP J. Robert Ciminera sold 17,298 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $27.50, for a total value of $475,695.00. Following the completion of the sale, the executive vice president now owns 2,495 shares of the company’s stock, valued at $68,612.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Adrian Button sold 4,690 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $29.10, for a total transaction of $136,479.00. Following the completion of the sale, the senior vice president now directly owns 29,412 shares of the company’s stock, valued at approximately $855,889.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,265 shares of company stock valued at $1,888,380. 1.00% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in NCR. Penserra Capital Management LLC acquired a new stake in NCR in the fourth quarter valued at $29,000. Quantamental Technologies LLC bought a new position in shares of NCR in the fourth quarter valued at about $32,000. First Hawaiian Bank raised its position in shares of NCR by 142.7% in the fourth quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 969 shares during the period. Valeo Financial Advisors LLC raised its position in shares of NCR by 8,481.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,802 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 1,781 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of NCR by 2,208.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,077,605 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 1,030,915 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

NCR has been the subject of several research reports. DA Davidson raised shares of NCR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $27.50 to $30.00 in a research report on Tuesday, January 8th. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, Royal Bank of Canada upgraded shares of NCR from an “outperform” rating to a “top pick” rating and set a $40.00 target price for the company in a report on Tuesday, December 18th. One equities 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $36.00.

Shares of NCR opened at $28.08 on Friday. NCR has a 12 month low of $20.93 and a 12 month high of $35.20. The firm has a market cap of $3.34 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 2.50 and a beta of 1.95. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 7.47.

NCR (NYSE:NCR) last announced its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.78 billion. NCR had a negative net margin of 1.36% and a positive return on equity of 85.30%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. As a group, equities research analysts predict that NCR will post 2.79 EPS 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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