NCR Corp. (NCR) Sets New 1-Year High at $31.85
NCR Corp. (NYSE:NCR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.85 and last traded at $31.84, with a volume of 297,486 shares traded. The stock had previously closed at $31.27.
NCR has been the topic of a number of analyst reports. Zacks Investment Research raised shares of NCR Corp. from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, April 12th. Royal Bank Of Canada upped their target price on shares of NCR Corp. from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Morgan Stanley reissued a “hold” rating on shares of NCR Corp. in a research note on Tuesday, April 26th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $35.00 target price on shares of NCR Corp. in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.13.
The stock’s market cap is $3.89 billion. The company’s 50-day moving average price is $29.47 and its 200-day moving average price is $27.00.
NCR Corp. (NYSE:NCR) last posted its earnings results on Tuesday, April 26th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The firm earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.46 billion. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share.
In other news, SVP Andrew S. Heyman sold 16,119 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $31.17, for a total value of $502,429.23. Following the completion of the sale, the senior vice president now directly owns 24,396 shares of the company’s stock, valued at approximately $760,423.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds have recently bought and sold shares of the stock. Liberty Mutual Group Asset Management Inc. increased its stake in NCR Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 101,798 shares of the company’s stock valued at $2,490,000 after buying an additional 34,542 shares during the last quarter. Cibc World Markets Corp purchased a new stake in NCR Corp. during the fourth quarter valued at $12,230,000. BNP Paribas Arbitrage SA increased its stake in NCR Corp. by 549.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 209,076 shares of the company’s stock valued at $5,114,000 after buying an additional 176,882 shares during the last quarter. Morgan Stanley increased its stake in NCR Corp. by 46.4% in the fourth quarter. Morgan Stanley now owns 2,320,574 shares of the company’s stock valued at $56,762,000 after buying an additional 735,613 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its stake in NCR Corp. by 40.0% in the fourth quarter. State of Tennessee Treasury Department now owns 140,000 shares of the company’s stock valued at $3,424,000 after buying an additional 40,000 shares during the last quarter.
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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