Traders Buy Large Volume of Put Options on NCR (NCR)

NCR Co. (NYSE:NCR) was the target of some unusual options trading activity on Monday. Traders acquired 3,387 put options on the company. This represents an increase of approximately 1,203% compared to the average volume of 260 put options.

NCR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of NCR from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lowered shares of NCR from an “overweight” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. NCR has a consensus rating of “Hold” and a consensus price target of $35.00.

In other NCR news, VP Daniel William Campbell sold 31,029 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.98, for a total transaction of $930,249.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Adrian Button sold 3,971 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $28.56, for a total transaction of $113,411.76. Following the sale, the senior vice president now directly owns 22,590 shares of the company’s stock, valued at $645,170.40. The disclosure for this sale can be found here. Insiders have sold 86,420 shares of company stock worth $2,526,854 in the last quarter. Company insiders own 1.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NCR. Penserra Capital Management LLC purchased a new stake in NCR in the fourth quarter worth about $29,000. Premia Global Advisors LLC purchased a new stake in NCR in the first quarter worth about $30,000. Quantamental Technologies LLC purchased a new stake in NCR in the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted its stake in NCR by 471.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,212 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 1,000 shares during the period. Finally, First Hawaiian Bank lifted its stake in NCR by 142.7% in the fourth quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock worth $38,000 after acquiring an additional 969 shares during the period. 95.89% of the stock is owned by institutional investors.

Shares of NCR opened at $30.76 on Tuesday. The firm has a market cap of $3.67 billion, a PE ratio of 11.74, a P/E/G ratio of 2.75 and a beta of 1.94. NCR has a 12-month low of $20.93 and a 12-month high of $33.00. The company has a quick ratio of 0.90, a current ratio of 1.27 and a debt-to-equity ratio of 7.31.

NCR (NYSE:NCR) last issued its earnings results on Tuesday, May 7th. The information technology services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.54 billion during 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 business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Analysts predict that NCR will post 2.78 EPS for the current year.

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About 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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