Russell Investments Group Ltd. Has $2.04 Million Stake in NCR Co. (NYSE:NCR)

Russell Investments Group Ltd. boosted its holdings in shares of NCR Co. (NYSE:NCR) by 11.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,633 shares of the information technology services provider’s stock after purchasing an additional 6,549 shares during the period. Russell Investments Group Ltd. owned 0.05% of NCR worth $2,042,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. World Asset Management Inc increased its stake in shares of NCR by 3.8% in the 2nd quarter. World Asset Management Inc now owns 9,214 shares of the information technology services provider’s stock valued at $287,000 after buying an additional 338 shares during the period. Aperio Group LLC lifted its holdings in NCR by 1.2% during the second quarter. Aperio Group LLC now owns 30,312 shares of the information technology services provider’s stock worth $943,000 after acquiring an additional 345 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in NCR by 0.6% during the first quarter. MetLife Investment Advisors LLC now owns 72,503 shares of the information technology services provider’s stock worth $1,979,000 after acquiring an additional 429 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in NCR by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 21,990 shares of the information technology services provider’s stock worth $684,000 after acquiring an additional 440 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in NCR by 3.3% during the second quarter. Advisory Services Network LLC now owns 14,094 shares of the information technology services provider’s stock worth $438,000 after acquiring an additional 453 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Paul Langenbahn sold 28,833 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.42, for a total transaction of $934,765.86. Following the sale, the vice president now owns 86,925 shares in the company, valued at $2,818,108.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J. Robert Ciminera sold 16,888 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $30.32, for a total value of $512,044.16. Following the sale, the executive vice president now owns 33,278 shares in the company, valued at approximately $1,008,988.96. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several research firms have weighed in on NCR. Morgan Stanley lifted their target price on NCR from $28.00 to $31.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Zacks Investment Research lowered NCR from a “hold” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Wednesday, June 12th. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a report on Monday, July 29th. TheStreet upgraded NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Co started coverage on NCR in a report on Wednesday. They issued an “outperform” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.00.

Shares of NCR stock traded down $1.24 during trading on Thursday, reaching $32.37. The stock had a trading volume of 152,765 shares, compared to its average volume of 852,826. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 2.95 and a beta of 1.60. The stock has a fifty day moving average price of $31.76 and a two-hundred day moving average price of $30.33. NCR Co. has a 52 week low of $20.93 and a 52 week high of $35.08. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 6.05.

NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.57 billion. NCR had a return on equity of 86.80% and a net margin of 2.47%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. On average, equities analysts forecast that NCR Co. will post 2.8 EPS for the current fiscal year.

NCR Profile

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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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