Cowen Inc. Has $340,000 Holdings in NCR Co. (NCR)
Cowen Inc. reduced its position in shares of NCR Co. (NYSE:NCR) by 37.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,000 shares of the information technology services provider’s stock after selling 6,000 shares during the quarter. Cowen Inc.’s holdings in NCR were worth $340,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its stake in NCR by 1,030.3% during the 4th quarter. Macquarie Group Ltd. now owns 767,500 shares of the information technology services provider’s stock valued at $26,087,000 after purchasing an additional 699,600 shares in the last quarter. STA Wealth Management LLC bought a new stake in NCR during the 4th quarter valued at about $1,002,000. Clearline Capital LP bought a new stake in NCR during the 4th quarter valued at about $10,120,000. Meadow Creek Investment Management LLC increased its stake in NCR by 69.0% during the 4th quarter. Meadow Creek Investment Management LLC now owns 148,818 shares of the information technology services provider’s stock valued at $5,058,000 after purchasing an additional 60,758 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in NCR by 1,052.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 103,746 shares of the information technology services provider’s stock valued at $3,525,000 after purchasing an additional 94,746 shares in the last quarter. Institutional investors and hedge funds own 92.97% of the company’s stock.
Shares of NCR Co. (NYSE:NCR) opened at $34.80 on Friday. NCR Co. has a 12 month low of $29.20 and a 12 month high of $45.92. The company has a market cap of $4,100.19, a P/E ratio of 41.43, a PEG ratio of 2.60 and a beta of 1.87. The company has a quick ratio of 1.09, a current ratio of 1.50 and a debt-to-equity ratio of 4.07.
A number of research firms have weighed in on NCR. TheStreet lowered shares of NCR from a “b-” rating to a “c” rating in a research note on Friday, February 9th. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley reduced their price objective on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. Benchmark restated a “buy” rating and set a $44.00 price objective on shares of NCR in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. NCR presently has a consensus rating of “Hold” and an average price target of $43.33.
In other news, EVP J. Robert Ciminera sold 1,937 shares of NCR stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total value of $72,366.32. Following the completion of the sale, the executive vice president now directly owns 6,802 shares in the company, valued at $254,122.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Langenbahn sold 4,522 shares of NCR stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.90, for a total transaction of $153,295.80. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
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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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