Janus Henderson Group PLC Grows Stake in NCR Corporation (NCR)
Janus Henderson Group PLC lifted its position in shares of NCR Corporation (NYSE:NCR) by 3,424.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,382 shares of the information technology services provider’s stock after purchasing an additional 208,300 shares during the period. Janus Henderson Group PLC owned about 0.18% of NCR Corporation worth $8,755,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. FNY Partners Fund LP bought a new stake in shares of NCR Corporation during the first quarter worth about $107,000. Oppenheimer Asset Management Inc. bought a new stake in shares of NCR Corporation during the first quarter worth about $114,000. Highbridge Capital Management LLC bought a new stake in shares of NCR Corporation during the first quarter worth about $216,000. Petrus Trust Company LTA bought a new stake in shares of NCR Corporation during the second quarter worth about $233,000. Finally, HighTower Advisors LLC grew its holdings in shares of NCR Corporation by 8.9% during the second quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 88.13% of the company’s stock.
Shares of NCR Corporation (NCR) opened at 33.05 on Monday. The company has a market capitalization of $4.02 billion, a PE ratio of 20.36 and a beta of 1.91. The company has a 50-day moving average price of $36.76 and a 200 day moving average price of $39.15. NCR Corporation has a one year low of $29.98 and a one year high of $49.90.
NCR Corporation (NYSE:NCR) last posted its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.03. NCR Corporation had a return on equity of 89.68% and a net margin of 5.11%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $0.87 EPS. NCR Corporation’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that NCR Corporation will post $3.36 EPS for the current year.
Several analysts have recently weighed in on NCR shares. Royal Bank Of Canada restated a “buy” rating on shares of NCR Corporation in a report on Sunday, July 16th. Compass Point started coverage on NCR Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target on the stock. Morgan Stanley reduced their price target on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday. Benchmark Co. restated a “buy” rating and set a $55.00 price target on shares of NCR Corporation in a report on Friday, July 21st. Finally, BidaskClub cut NCR Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.38.
NCR Corporation 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.
Want to see what other hedge funds are holding NCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Corporation (NYSE:NCR).
Receive News & Stock Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related stocks with our FREE daily email newsletter.