United Capital Financial Advisers LLC reduced its stake in shares of NCR Corporation (NYSE:NCR) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,546 shares of the information technology services provider’s stock after selling 139 shares during the period. United Capital Financial Advisers LLC’s holdings in NCR Corporation were worth $710,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its position in NCR Corporation 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 valued at $108,000 after buying an additional 124 shares during the last quarter. James Investment Research Inc. purchased a new position in NCR Corporation during the first quarter valued at approximately $152,000. Koch Industries Inc. purchased a new position in NCR Corporation during the first quarter valued at approximately $240,000. Globeflex Capital L P purchased a new position in NCR Corporation during the first quarter valued at approximately $273,000. Finally, North Star Investment Management Corp. increased its position in NCR Corporation 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 valued at $282,000 after buying an additional 55 shares during the last quarter. 89.31% of the stock is currently owned by institutional investors.
Shares of NCR Corporation (NCR) traded up 1.22% during midday trading on Friday, reaching $39.02. The company had a trading volume of 306,050 shares. NCR Corporation has a one year low of $25.20 and a one year high of $49.90. The firm has a market capitalization of $4.73 billion, a P/E ratio of 27.31 and a beta of 1.91. The company has a 50 day moving average price of $40.66 and a 200-day moving average price of $42.91.
NCR Corporation (NYSE:NCR) last posted its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. NCR Corporation had a net margin of 4.49% and a return on equity of 88.93%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. NCR Corporation’s revenue was up 2.4% on a year-over-year basis. On average, analysts anticipate that NCR Corporation will post $3.37 EPS for the current fiscal year.
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Several research firms have recently commented on NCR. Zacks Investment Research downgraded NCR Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. raised NCR Corporation from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Thursday, March 16th. Benchmark Co. began coverage on NCR Corporation in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 target price on the stock. CIBC raised NCR Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $51.00 target price on shares of NCR Corporation in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.29.
In related news, EVP J. Robert Ciminera sold 3,086 shares of NCR Corporation 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 completion of the transaction, the executive vice president now directly owns 9,888 shares in the company, valued at approximately $420,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.
About NCR Corporation
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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