NCR Co. (NCR) Position Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its position in shares of NCR Co. (NYSE:NCR) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,698,990 shares of the information technology services provider’s stock after buying an additional 224,002 shares during the period. Neuberger Berman Group LLC owned 2.23% of NCR worth $123,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Private Harbour Investment Management & Counsel LLC purchased a new position in NCR during the third quarter worth approximately $717,000. LSV Asset Management raised its position in NCR by 0.7% in the third quarter. LSV Asset Management now owns 6,173,178 shares of the information technology services provider’s stock worth $198,714,000 after buying an additional 40,100 shares in the last quarter. Northern Trust Corp raised its position in NCR by 4.1% in the third quarter. Northern Trust Corp now owns 1,219,226 shares of the information technology services provider’s stock worth $39,247,000 after buying an additional 48,291 shares in the last quarter. Principal Financial Group Inc. raised its position in NCR by 4.1% in the third quarter. Principal Financial Group Inc. now owns 495,942 shares of the information technology services provider’s stock worth $15,965,000 after buying an additional 19,575 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in NCR by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the information technology services provider’s stock worth $142,000 after buying an additional 1,727 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

NCR Co. (NYSE:NCR) traded down 0.30% during midday trading on Friday, reaching $40.36. 593,700 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $42.10 and a 200 day moving average price of $42.58. The company has a market cap of $4.90 billion, a P/E ratio of 28.24 and a beta of 1.82. NCR Co. has a 12 month low of $25.20 and a 12 month high of $49.90.

NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. NCR had a return on equity of 76.86% and a net margin of 4.13%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that NCR Co. will post $3.37 EPS for the current year.

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A number of equities analysts have recently commented on NCR shares. Royal Bank of Canada reissued a “buy” rating on shares of NCR in a research report on Tuesday, March 14th. Citigroup Inc upgraded shares of NCR to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Thursday, March 16th. Oppenheimer Holdings Inc. upgraded shares of NCR from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Thursday, March 16th. CIBC upgraded shares of NCR from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Finally, Zacks Investment Research upgraded shares of NCR from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, April 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.29.

In other NCR news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the transaction, the executive vice president now owns 9,888 shares in the company, valued at approximately $420,042.24. The disclosure for this sale can be found here. Insiders have sold a total of 3,011,691 shares of company stock worth $145,961,630 in the last quarter. Company insiders own 1.20% of the company’s stock.

About NCR

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.

12 Month Chart for NYSE:NCR

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