NCR Co. (NCR) Position Reduced by Axa

Axa trimmed its holdings in shares of NCR Co. (NYSE:NCR) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,700 shares of the information technology services provider’s stock after selling 13,400 shares during the quarter. Axa owned about 0.32% of NCR worth $14,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of NCR by 9.5% in the 3rd quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock worth $111,045,000 after purchasing an additional 256,201 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of NCR by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock valued at $103,806,000 after acquiring an additional 36,796 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of NCR by 58.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock valued at $36,155,000 after acquiring an additional 356,171 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of NCR by 9.9% in the 2nd quarter. Nationwide Fund Advisors now owns 776,619 shares of the information technology services provider’s stock valued at $31,717,000 after acquiring an additional 69,694 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of NCR by 26.8% in the 3rd quarter. New York State Common Retirement Fund now owns 378,307 shares of the information technology services provider’s stock valued at $14,194,000 after acquiring an additional 80,025 shares during the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.

Shares of NCR Co. (NCR) opened at $33.60 on Wednesday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.42 and a quick ratio of 1.01. The firm has a market capitalization of $4,081.52, a P/E ratio of 9.97 and a beta of 1.82. NCR Co. has a 52 week low of $29.20 and a 52 week high of $49.90.

NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. NCR had a return on equity of 84.72% and a net margin of 5.11%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. analysts forecast that NCR Co. will post 3.14 earnings per share for the current fiscal year.

NCR has been the subject of a number of recent research reports. ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Morgan Stanley lowered their price target on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. J P Morgan Chase & Co set a $45.00 price target on NCR and gave the company a “buy” rating in a research report on Saturday, October 21st. Finally, Royal Bank of Canada reissued an “average” rating and issued a $44.00 target price on shares of NCR in a research report on Friday, October 20th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.57.

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

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