Shares of NCR Co. (NYSE:NCR) have received an average rating of “Buy” from the ten ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $47.00.
Several research firms recently weighed in on NCR. Benchmark Co. initiated coverage on shares of NCR in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective on the stock. Zacks Investment Research lowered NCR from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. Citigroup Inc raised NCR to an “outperform” rating and set a $51.00 target price for the company in a research note on Thursday, March 16th. CIBC raised NCR from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of NCR in a research note on Tuesday, March 14th.
In related news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $48.47, for a total transaction of $145,543,437.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William Nuti sold 386,637 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $45.80, for a total value of $17,707,974.60. Following the transaction, the chairman now owns 386,227 shares of the company’s stock, valued at approximately $17,689,196.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,398,030 shares of company stock valued at $163,671,555. Insiders own 1.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in NCR by 2.7% in the second quarter. Royal Bank of Canada now owns 88,981 shares of the information technology services provider’s stock worth $2,471,000 after buying an additional 2,328 shares during the period. Washington Trust Bank increased its position in NCR by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the information technology services provider’s stock worth $101,000 after buying an additional 2,546 shares during the period. Eqis Capital Management Inc. increased its position in NCR by 0.5% in the third quarter. Eqis Capital Management Inc. now owns 14,403 shares of the information technology services provider’s stock worth $464,000 after buying an additional 67 shares during the period. First Mercantile Trust Co. purchased a new position in NCR during the third quarter worth about $340,000. Finally, Advisory Services Network LLC purchased a new position in NCR during the third quarter worth about $775,000. Institutional investors own 81.73% of the company’s stock.
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NCR (NYSE:NCR) traded down 8.24% on Monday, hitting $40.96. 4,139,314 shares of the stock were exchanged. The stock has a market capitalization of $5.04 billion, a P/E ratio of 24.11 and a beta of 1.82. The company has a 50 day moving average of $44.97 and a 200 day moving average of $40.93. NCR has a one year low of $25.20 and a one year high of $49.90.
NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. NCR had a net margin of 4.13% and a return on equity of 76.86%. NCR’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. On average, equities research analysts forecast that NCR will post $3.31 earnings per share for the current fiscal year.
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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