Shares of NCR Corporation (NYSE:NCR) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $46.50.

Several brokerages have issued reports on NCR. Royal Bank Of Canada restated a “buy” rating on shares of NCR Corporation in a research note on Tuesday, March 14th. Citigroup Inc. upgraded NCR Corporation to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, March 16th. Oppenheimer Holdings, Inc. upgraded NCR Corporation from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, March 16th. CIBC upgraded NCR Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Finally, Zacks Investment Research upgraded NCR Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, April 12th.

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In other NCR Corporation news, EVP J. Robert Ciminera sold 3,086 shares of the company’s 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 transaction, the executive vice president now directly owns 9,888 shares in the company, valued at approximately $420,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in shares of NCR Corporation during the third quarter worth $237,000. Russell Investments Group Ltd. acquired a new position in shares of NCR Corporation during the fourth quarter worth $6,431,000. Cantab Capital Partners LLP raised its position in shares of NCR Corporation by 417.5% in the fourth quarter. Cantab Capital Partners LLP now owns 8,269 shares of the information technology services provider’s stock worth $335,000 after buying an additional 6,671 shares in the last quarter. Bogle Investment Management L P DE acquired a new position in shares of NCR Corporation during the fourth quarter worth $13,816,000. Finally, Tudor Investment Corp Et Al acquired a new position in shares of NCR Corporation during the fourth quarter worth $1,303,000. Institutional investors and hedge funds own 89.31% of the company’s stock.

Shares of NCR Corporation (NYSE:NCR) opened at 38.64 on Monday. The stock has a 50 day moving average of $40.66 and a 200 day moving average of $42.91. NCR Corporation has a 52 week low of $25.20 and a 52 week high of $49.90. The firm has a market cap of $4.69 billion, a P/E ratio of 27.04 and a beta of 1.91.

NCR Corporation (NYSE:NCR) last posted its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Equities analysts forecast 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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