California State Teachers Retirement System lowered its stake in shares of NCR Co. (NYSE:NCR) by 8.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,175 shares of the information technology services provider’s stock after selling 17,762 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of NCR worth $7,398,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Eagle Boston Investment Management Inc. boosted its position in NCR by 15.2% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 22,697 shares of the information technology services provider’s stock valued at $858,000 after purchasing an additional 2,995 shares during the period. Pacer Advisors Inc. boosted its position in NCR by 10.6% during the 3rd quarter. Pacer Advisors Inc. now owns 22,694 shares of the information technology services provider’s stock worth $851,000 after acquiring an additional 2,168 shares during the period. Ameriprise Financial Inc. boosted its position in NCR by 58.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock worth $36,155,000 after acquiring an additional 356,171 shares during the period. Bank of New York Mellon Corp boosted its position in NCR by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock worth $103,806,000 after acquiring an additional 36,796 shares during the period. Finally, New York State Common Retirement Fund boosted its position in NCR by 26.8% during the 3rd quarter. New York State Common Retirement Fund now owns 378,307 shares of the information technology services provider’s stock worth $14,194,000 after acquiring an additional 80,025 shares during the period. Institutional investors and hedge funds own 90.38% of the company’s stock.

NCR Co. (NCR) opened at $34.01 on Friday. The firm has a market capitalization of $4,110.75, a price-to-earnings ratio of 20.61 and a beta of 1.82. NCR Co. has a 52-week low of $29.20 and a 52-week high of $49.90. The company has a current ratio of 1.42, a quick ratio of 1.01 and a debt-to-equity ratio of 3.86.

NCR (NYSE:NCR) last issued its earnings results on Thursday, October 19th. The information technology services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. NCR had a return on equity of 84.72% and a net margin of 5.11%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. equities analysts predict that NCR Co. will post 3.14 EPS for the current fiscal year.

A number of research analysts have issued reports on NCR shares. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Morgan Stanley cut their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. JPMorgan Chase & Co. set a $45.00 price objective on NCR and gave the company a “buy” rating in a report on Saturday, October 21st. Finally, Royal Bank of Canada restated an “average” rating and issued a $44.00 price objective on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.57.

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NCR 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.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

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