NCR Co. (NCR) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. lowered its position in shares of NCR Co. (NYSE:NCR) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,561,462 shares of the information technology services provider’s stock after selling 32,861 shares during the period. JPMorgan Chase & Co. owned 2.11% of NCR worth $117,008,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Private Harbour Investment Management & Counsel LLC purchased a new stake in NCR during the third quarter worth $717,000. LSV Asset Management increased its stake in NCR by 0.7% in the third quarter. LSV Asset Management now owns 6,173,178 shares of the information technology services provider’s stock worth $198,714,000 after buying an additional 40,100 shares during the last quarter. Northern Trust Corp increased its stake in shares of NCR by 4.1% in the third quarter. Northern Trust Corp now owns 1,219,226 shares of the information technology services provider’s stock valued at $39,247,000 after buying an additional 48,291 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of NCR by 4.1% in the third quarter. Principal Financial Group Inc. now owns 495,942 shares of the information technology services provider’s stock valued at $15,965,000 after buying an additional 19,575 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of NCR by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the information technology services provider’s stock valued at $142,000 after buying an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.
NCR Co. (NYSE:NCR) traded down 0.30% during trading on Friday, hitting $40.36. The stock had a trading volume of 593,500 shares. The stock has a 50 day moving average price of $42.10 and a 200-day moving average price of $42.58. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 28.24 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 issued its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.10. NCR had a return on equity of 76.86% and a net margin of 4.13%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company earned $0.38 EPS. NCR’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that NCR Co. will post $3.37 EPS for the current year.
Several analysts have weighed in on the company. Zacks Investment Research upgraded NCR from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 price objective on shares of NCR in a research report on Wednesday, April 12th. TheStreet downgraded NCR from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. Benchmark Co. assumed coverage on NCR in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Oppenheimer Holdings Inc. upgraded NCR from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Thursday, March 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.29.
In other NCR news, EVP J. Robert Ciminera sold 3,086 shares of NCR stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total transaction of $131,093.28. Following the completion of the sale, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at approximately $420,042.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Frederick Marquardt sold 5,852 shares of NCR stock in a transaction on Monday, February 27th. The shares were sold at an average price of $49.06, for a total value of $287,099.12. Following the sale, the executive vice president now directly owns 83,344 shares of the company’s stock, valued at $4,088,856.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,011,691 shares of company stock valued at $145,961,630 over the last three months. 1.20% of the stock is owned by corporate 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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