The NCR Corp. (NCR) Position Increased by ICM Asset Management Inc. WA

The NCR Corp. (NCR) Position Increased by ICM Asset Management Inc. WA

ICM Asset Management Inc. WA boosted its stake in NCR Corp. (NYSE:NCR) by 67.6% during the second quarter, Holdings Channel reports. The fund owned 47,060 shares of the company’s stock after buying an additional 18,985 shares during the period. NCR Corp. accounts for 1.9% of ICM Asset Management Inc. WA’s portfolio, making the stock its 22nd largest position. ICM Asset Management Inc. WA’s holdings in NCR Corp. were worth $1,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Phocas Financial Corp. raised its position in NCR Corp. by 164.4% in the first quarter. Phocas Financial Corp. now owns 736,904 shares of the company’s stock valued at $22,056,000 after buying an additional 458,202 shares during the last quarter. JPMorgan Chase & Co. raised its stake in NCR Corp. by 39.1% in the first quarter. JPMorgan Chase & Co. now owns 1,139,390 shares of the company’s stock valued at $34,102,000 after buying an additional 320,109 shares in the last quarter. Nuveen Asset Management LLC raised its stake in NCR Corp. by 195.8% in the first quarter. Nuveen Asset Management LLC now owns 260,406 shares of the company’s stock valued at $7,794,000 after buying an additional 172,373 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in NCR Corp. during the second quarter valued at $4,572,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in NCR Corp. by 172.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 180,156 shares of the company’s stock valued at $5,392,000 after buying an additional 114,126 shares in the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.

NCR Corp. (NYSE:NCR) traded up 0.13% during trading on Monday, reaching $29.89. 407,472 shares of the company’s stock were exchanged. The stock has a market cap of $3.70 billion, a PE ratio of 21.29 and a beta of 1.81. The firm has a 50 day moving average of $32.22 and a 200-day moving average of $30.80. NCR Corp. has a 12 month low of $18.02 and a 12 month high of $34.99.

NCR Corp. (NYSE:NCR) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. NCR Corp. had a return on equity of 52.33% and a net margin of 3.68%. The company earned $1.62 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that NCR Corp. will post $2.95 earnings per share for the current fiscal year.

NCR has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of NCR Corp. from $37.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 15th. TheStreet upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, July 29th. Finally, Wedbush lifted their price objective on shares of NCR Corp. from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $31.88.

In related news, SVP Andrew S. Heyman sold 16,119 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $31.17, for a total value of $502,429.23. Following the completion of the sale, the senior vice president now owns 24,396 shares of the company’s stock, valued at $760,423.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrea Ledford sold 10,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $33.40, for a total value of $334,000.00. Following the completion of the sale, the executive vice president now directly owns 98,285 shares of the company’s stock, valued at approximately $3,282,719. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

NCR Corp. Company Profile

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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