NCR Co. (NCR) Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of NCR Co. (NYSE:NCR) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,487 shares of the information technology services provider’s stock after selling 13,200 shares during the period. California Public Employees Retirement System owned approximately 0.36% of NCR worth $19,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in NCR by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock worth $108,000 after buying an additional 124 shares during the last quarter. James Investment Research Inc. purchased a new position in NCR during the first quarter worth about $152,000. Weiss Asset Management LP purchased a new position in NCR during the third quarter worth about $237,000. North Star Investment Management Corp. increased its position in NCR by 0.9% in the first quarter. North Star Investment Management Corp. now owns 6,181 shares of the information technology services provider’s stock worth $282,000 after buying an additional 55 shares in the last quarter. Finally, Rational Advisors LLC purchased a new position in NCR during the first quarter worth about $301,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

NCR Co. (NYSE:NCR) traded down 1.39% on Monday, reaching $40.42. The company had a trading volume of 1,152,829 shares. The stock has a 50 day moving average of $41.43 and a 200 day moving average of $42.76. The firm has a market capitalization of $4.90 billion, a PE ratio of 28.29 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 announced its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. NCR had a negative return on equity of 11.13% and a net margin of 3.86%. NCR’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. On average, analysts anticipate that NCR Co. will post $3.37 EPS for the current year.

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A number of research analysts recently issued reports on the company. Benchmark Co. assumed coverage on NCR in a research note on Thursday, April 13th. They set a “buy” rating and a $55.00 price target on the stock. Citigroup Inc upgraded NCR to an “outperform” rating and set a $51.00 price target on the stock in a research note on Thursday, March 16th. CIBC upgraded NCR from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Zacks Investment Research upgraded NCR from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, April 12th. Finally, Royal Bank of Canada restated a “buy” rating on shares of NCR in a research note on Tuesday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.29.

In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J. Robert Ciminera sold 3,086 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $42.48, for a total value of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at $420,042.24. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

NCR Company Profile

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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