NCR Co. (NYSE:NCR) major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $48.47, for a total transaction of $145,543,437.91. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NCR Co. (NYSE:NCR) traded down 0.07% during mid-day trading on Monday, hitting $44.50. 1,524,895 shares of the stock traded hands. The stock has a market capitalization of $5.47 billion, a PE ratio of 26.19 and a beta of 1.82. NCR Co. has a one year low of $25.20 and a one year high of $49.90. The company has a 50 day moving average price of $45.89 and a 200-day moving average price of $38.97.
NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, February 9th. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. NCR had a net margin of 4.13% and a return on equity of 76.86%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that NCR Co. will post $3.31 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of NCR. Royal Bank of Canada raised its stake in NCR by 2.7% in the second quarter. Royal Bank of Canada now owns 88,981 shares of the company’s stock worth $2,471,000 after buying an additional 2,328 shares in the last quarter. Washington Trust Bank raised its stake in NCR by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the company’s stock worth $101,000 after buying an additional 2,546 shares in the last quarter. Eqis Capital Management Inc. raised its stake in NCR by 0.5% in the third quarter. Eqis Capital Management Inc. now owns 14,403 shares of the company’s stock worth $464,000 after buying an additional 67 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in NCR during the third quarter worth approximately $340,000. Finally, Advisory Services Network LLC purchased a new stake in NCR during the third quarter worth approximately $775,000. 81.73% of the stock is currently owned by institutional investors.
NCR has been the topic of several research analyst reports. Oppenheimer Holdings Inc. raised shares of NCR from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Thursday. Royal Bank of Canada reissued a “buy” rating on shares of NCR in a research note on Tuesday, March 14th. CIBC raised shares of NCR from a “market perform” rating to an “outperform” rating in a research note on Thursday. Citigroup Inc raised shares of NCR to an “outperform” rating and set a $51.00 price target on the stock in a research note on Thursday. Finally, Zacks Investment Research cut shares of NCR from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.17.
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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