Allianz Asset Management GmbH lowered its stake in shares of NCR Co. (NYSE:NCR) by 59.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,509 shares of the information technology services provider’s stock after selling 278,046 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.15% of NCR worth $6,374,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Aperio Group LLC grew its position in NCR by 10.0% during the third quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock valued at $1,601,000 after buying an additional 3,864 shares during the period. Victory Capital Management Inc. purchased a new stake in NCR during the fourth quarter valued at about $4,332,000. Empirical Finance LLC purchased a new stake in NCR during the fourth quarter valued at about $1,180,000. Aurora Investment Counsel purchased a new stake in NCR during the fourth quarter valued at about $2,063,000. Finally, Swiss National Bank lifted its holdings in NCR by 2.1% during the fourth quarter. Swiss National Bank now owns 206,959 shares of the information technology services provider’s stock valued at $7,035,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 92.97% of the company’s stock.
In other news, EVP Paul Langenbahn sold 4,522 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $33.90, for a total value of $153,295.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Several equities research analysts have commented on the stock. ValuEngine downgraded shares of NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson assumed coverage on shares of NCR in a report on Wednesday, February 7th. They set a “neutral” rating and a $39.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $44.00 price objective on shares of NCR in a report on Wednesday, February 7th. Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, TheStreet downgraded shares of NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $45.25.
Shares of NCR Co. (NCR) opened at $34.63 on Friday. NCR Co. has a fifty-two week low of $29.20 and a fifty-two week high of $45.92. The stock has a market cap of $4,193.73, a PE ratio of 41.23, a PEG ratio of 2.65 and a beta of 1.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.50 and a quick ratio of 1.09.
NCR (NYSE:NCR) last announced its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. NCR had a net margin of 3.56% and a return on equity of 80.11%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. research analysts predict that NCR Co. will post 3.34 EPS for the current year.
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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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