James Investment Research Inc. boosted its stake in shares of NCR Corporation (NYSE:NCR) by 915.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,755 shares of the information technology services provider’s stock after buying an additional 30,430 shares during the period. James Investment Research Inc.’s holdings in NCR Corporation were worth $1,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of NCR Corporation by 7,816.4% in the first quarter. BlackRock Inc. now owns 10,676,674 shares of the information technology services provider’s stock valued at $487,709,000 after buying an additional 10,541,807 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of NCR Corporation 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. Morgan Stanley increased its position in shares of NCR Corporation by 239.9% in the first quarter. Morgan Stanley now owns 1,000,742 shares of the information technology services provider’s stock valued at $45,713,000 after buying an additional 706,292 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NCR Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 12,569,090 shares of the information technology services provider’s stock valued at $574,156,000 after buying an additional 674,711 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of NCR Corporation 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. 87.96% of the stock is owned by hedge funds and other institutional investors.

NCR Corporation (NYSE:NCR) opened at 42.98 on Friday. NCR Corporation has a 1-year low of $26.21 and a 1-year high of $49.90. The stock’s 50 day moving average is $40.39 and its 200-day moving average is $42.81. The firm has a market cap of $5.21 billion, a P/E ratio of 30.08 and a beta of 1.90.

NCR Corporation (NYSE:NCR) last announced its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. Analysts forecast that NCR Corporation will post $3.37 EPS for the current year.

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Several research analysts recently weighed in on NCR shares. Zacks Investment Research raised shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, June 6th. TheStreet downgraded shares of NCR Corporation from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $51.00 target price on shares of NCR Corporation in a research note on Friday, May 12th. Benchmark Co. started coverage on shares of NCR Corporation in a research note on Thursday, April 13th. They issued a “buy” rating and a $55.00 target price for the company. Finally, Compass Point started coverage on shares of NCR Corporation in a research note on Tuesday. They issued a “buy” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.50.

In related news, EVP J. Robert Ciminera sold 3,086 shares of the 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 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 document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.

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

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