Bronfman E.L. Rothschild L.P. lowered its stake in shares of NCR Co. (NYSE:NCR) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,207 shares of the information technology services provider’s stock after selling 1,567 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in NCR were worth $51,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in NCR during the fourth quarter worth $29,000. Quantamental Technologies LLC bought a new stake in NCR during the fourth quarter worth $32,000. First Hawaiian Bank grew its holdings in NCR by 142.7% during the fourth quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock worth $38,000 after buying an additional 969 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in NCR by 8,481.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,802 shares of the information technology services provider’s stock worth $42,000 after buying an additional 1,781 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in NCR by 2,208.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,077,605 shares of the information technology services provider’s stock worth $47,000 after buying an additional 1,030,915 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.
In other NCR news, SVP Adrian Button sold 4,690 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $29.10, for a total value of $136,479.00. Following the completion of the transaction, the senior vice president now owns 29,412 shares in the company, valued at approximately $855,889.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J. Robert Ciminera sold 17,298 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $27.50, for a total value of $475,695.00. Following the completion of the transaction, the executive vice president now owns 2,495 shares of the company’s stock, valued at approximately $68,612.50. The disclosure for this sale can be found here. Insiders sold a total of 66,265 shares of company stock valued at $1,888,380 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.
NCR (NYSE:NCR) last announced its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. NCR had a positive return on equity of 85.30% and a negative net margin of 1.36%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. On average, equities analysts forecast that NCR Co. will post 2.79 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the company. DA Davidson upgraded NCR from a “neutral” rating to a “buy” rating and upped their price target for the stock from $27.50 to $30.00 in a report on Tuesday, January 8th. Zacks Investment Research downgraded NCR from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Royal Bank of Canada upgraded NCR from an “outperform” rating to a “top pick” rating and set a $40.00 price objective for the company in a research note on Tuesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.00.
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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