NCR Corporation (NCR) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. raised its stake in NCR Corporation (NYSE:NCR) by 46.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 487,230 shares of the company’s stock after buying an additional 154,672 shares during the period. Ameriprise Financial Inc.’s holdings in NCR Corporation were worth $15,683,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Washington Trust Bank boosted its position in shares of NCR Corporation by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the company’s stock valued at $101,000 after buying an additional 2,546 shares during the last quarter. Integrated Wealth Management boosted its position in shares of NCR Corporation by 13,604.3% in the third quarter. Integrated Wealth Management now owns 3,152 shares of the company’s stock valued at $101,000 after buying an additional 3,129 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of NCR Corporation during the second quarter valued at approximately $143,000. Fifth Third Bancorp boosted its position in shares of NCR Corporation by 21.5% in the second quarter. Fifth Third Bancorp now owns 5,409 shares of the company’s stock valued at $150,000 after buying an additional 956 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of NCR Corporation by 71.0% in the second quarter. LS Investment Advisors LLC now owns 7,496 shares of the company’s stock valued at $208,000 after buying an additional 3,112 shares during the last quarter. Institutional investors and hedge funds own 83.03% of the company’s stock.
Shares of NCR Corporation (NYSE:NCR) opened at 42.44 on Friday. The stock’s 50 day moving average is $40.98 and its 200-day moving average is $34.67. NCR Corporation has a 1-year low of $18.02 and a 1-year high of $43.21. The firm has a market cap of $5.27 billion, a PE ratio of 28.29 and a beta of 1.85.
NCR Corporation (NYSE:NCR) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. The company earned $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. NCR Corporation had a net margin of 3.75% and a return on equity of 73.31%. NCR Corporation’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. Analysts expect that NCR Corporation will post $3.00 earnings per share for the current year.
Several brokerages recently commented on NCR. Zacks Investment Research upgraded shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, October 27th. Wedbush increased their target price on shares of NCR Corporation from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, October 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $33.00.
In other NCR Corporation news, EVP Frederick Marquardt sold 8,676 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $34.23, for a total transaction of $296,979.48. Following the completion of the sale, the executive vice president now owns 104,662 shares in the company, valued at approximately $3,582,580.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward P. Boykin sold 92,083 shares of the business’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $38.98, for a total transaction of $3,589,395.34. Following the sale, the director now owns 53,053 shares of the company’s stock, valued at approximately $2,068,005.94. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
NCR Corporation Company Profile
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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