Sei Investments Co. boosted its stake in NCR Co. (NYSE:NCR) by 128.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 82,704 shares of the information technology services provider’s stock after buying an additional 46,576 shares during the period. Sei Investments Co. owned 0.07% of NCR worth $3,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management boosted its position in shares of 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 valued at $198,714,000 after buying an additional 40,100 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of NCR by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 2,664,830 shares of the information technology services provider’s stock valued at $121,730,000 after buying an additional 427,480 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of NCR by 386.3% in the first quarter. Wells Fargo & Company MN now owns 1,987,821 shares of the information technology services provider’s stock valued at $90,804,000 after buying an additional 1,579,083 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of NCR by 65.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,341,000 shares of the information technology services provider’s stock valued at $61,257,000 after buying an additional 528,200 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of NCR during the fourth quarter valued at about $52,346,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

NCR Co. (NYSE NCR) opened at 40.33 on Friday. The stock has a market capitalization of $4.89 billion, a PE ratio of 28.22 and a beta of 1.82. The stock’s 50 day moving average price is $41.49 and its 200-day moving average price is $42.74. NCR Co. has a 52-week low of $25.20 and a 52-week high of $49.90.

NCR (NYSE:NCR) last announced 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. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. NCR had a return on equity of 76.86% and a net margin of 4.13%. NCR’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. On average, equities analysts expect that NCR Co. will post $3.37 EPS for the current fiscal year.

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NCR has been the topic of several research reports. Zacks Investment Research raised NCR from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, May 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 target price on shares of NCR in a research report on Wednesday, April 12th. Oppenheimer Holdings Inc. raised NCR 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. TheStreet cut NCR from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. Finally, CIBC raised NCR from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.29.

In other news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of NCR stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $48.47, for a total transaction of $145,543,437.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP J. Robert Ciminera sold 3,086 shares of NCR stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the sale, the executive vice president now owns 9,888 shares in the company, valued at approximately $420,042.24. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

About NCR

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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