Shelton Capital Management Purchases New Position in NCR Corporation (NCR)

Shelton Capital Management purchased a new stake in NCR Corporation (NYSE:NCR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,391 shares of the information technology services provider’s stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of NCR Corporation by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 12,569,090 shares of the information technology services provider’s stock valued at $574,156,000 after purchasing an additional 674,711 shares during the last quarter. BlackRock Inc. increased its stake in shares of NCR Corporation by 7,816.4% in the 1st quarter. BlackRock Inc. now owns 10,676,674 shares of the information technology services provider’s stock valued at $487,709,000 after purchasing an additional 10,541,807 shares during the last quarter. State Street Corp increased its stake in shares of NCR Corporation by 0.7% in the 1st quarter. State Street Corp now owns 3,579,155 shares of the information technology services provider’s stock valued at $163,492,000 after purchasing an additional 23,783 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NCR Corporation by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,729,881 shares of the information technology services provider’s stock valued at $111,488,000 after purchasing an additional 65,051 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of NCR Corporation by 239.9% in the 1st quarter. Morgan Stanley now owns 1,000,742 shares of the information technology services provider’s stock valued at $45,713,000 after purchasing an additional 706,292 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

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Several equities analysts have recently issued reports on NCR shares. Royal Bank Of Canada reiterated a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Compass Point started coverage on NCR Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $48.00 price target on the stock. Benchmark Co. reiterated a “buy” rating and issued a $55.00 price target on shares of NCR Corporation in a research note on Friday, July 21st. BidaskClub lowered NCR Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded NCR Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $47.67.

Shares of NCR Corporation (NYSE:NCR) opened at 36.95 on Thursday. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 22.77 and a beta of 1.91. NCR Corporation has a 52-week low of $29.83 and a 52-week high of $49.90. The firm has a 50 day moving average price of $36.56 and a 200-day moving average price of $39.51.

NCR Corporation (NYSE:NCR) last announced its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that NCR Corporation will post $3.37 earnings per share for the current year.

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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Institutional Ownership by Quarter for NCR Corporation (NYSE:NCR)

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