Penserra Capital Management LLC cut its position in NCR Corp. (NYSE:NCR) by 17.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,769 shares of the company’s stock after selling 1,431 shares during the period. Penserra Capital Management LLC’s holdings in NCR Corp. were worth $217,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. CIBC World Markets Inc. acquired a new stake in shares of NCR Corp. during the third quarter worth about $1,240,000. State Treasurer State of Michigan boosted its stake in shares of NCR Corp. by 0.8% in the third quarter. State Treasurer State of Michigan now owns 49,840 shares of the company’s stock worth $1,604,000 after buying an additional 400 shares in the last quarter. Aperio Group LLC boosted its stake in shares of NCR Corp. by 8.0% in the third quarter. Aperio Group LLC now owns 38,034 shares of the company’s stock worth $1,224,000 after buying an additional 2,831 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of NCR Corp. during the third quarter worth about $4,750,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of NCR Corp. during the third quarter worth about $332,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.
NCR Corp. (NYSE:NCR) traded up 0.05% during midday trading on Friday, hitting $38.90. 296,677 shares of the company traded hands. The stock’s 50-day moving average price is $34.14 and its 200 day moving average price is $31.83. NCR Corp. has a 12-month low of $18.02 and a 12-month high of $39.32. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 25.93 and a beta of 1.85.
NCR Corp. (NYSE:NCR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. NCR Corp. had a net margin of 3.75% and a return on equity of 73.31%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the business posted $0.78 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that NCR Corp. will post $3.00 EPS for the current year.
A number of brokerages recently issued reports on NCR. Zacks Investment Research upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, October 27th. Wedbush upped their price target on shares of NCR Corp. from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of NCR Corp. from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.00.
In other NCR Corp. news, CAO Andrea Ledford sold 30,413 shares of NCR Corp. stock in a transaction on Monday, November 14th. The shares were sold at an average price of $37.83, for a total value of $1,150,523.79. Following the sale, the chief accounting officer now directly owns 106,246 shares in the company, valued at approximately $4,019,286.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederick Marquardt sold 8,676 shares of NCR Corp. stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $34.23, for a total transaction of $296,979.48. Following the completion of the sale, the executive vice president now owns 104,662 shares in the company, valued at $3,582,580.26. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
About NCR Corp.
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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