NCR Co. (NCR) Holdings Cut by LS Investment Advisors LLC
LS Investment Advisors LLC decreased its holdings in shares of NCR Co. (NYSE:NCR) by 33.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,462 shares of the information technology services provider’s stock after selling 3,719 shares during the period. LS Investment Advisors LLC’s holdings in NCR were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. OLD National Bancorp IN increased its position in NCR by 38.2% during the 4th quarter. OLD National Bancorp IN now owns 32,915 shares of the information technology services provider’s stock worth $1,119,000 after purchasing an additional 9,106 shares during the period. Swiss National Bank increased its position in NCR by 2.1% during the 4th quarter. Swiss National Bank now owns 206,959 shares of the information technology services provider’s stock worth $7,035,000 after purchasing an additional 4,200 shares during the period. Buckhead Capital Management LLC acquired a new position in NCR during the 4th quarter worth approximately $2,039,000. California Public Employees Retirement System increased its position in NCR by 5.1% during the 4th quarter. California Public Employees Retirement System now owns 431,794 shares of the information technology services provider’s stock worth $14,677,000 after purchasing an additional 21,116 shares during the period. Finally, M&T Bank Corp increased its position in NCR by 27.6% during the 4th quarter. M&T Bank Corp now owns 63,846 shares of the information technology services provider’s stock worth $2,171,000 after purchasing an additional 13,817 shares during the period. Institutional investors own 90.94% of the company’s stock.
In related news, EVP J. Robert Ciminera sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total value of $72,366.32. Following the sale, the executive vice president now owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.
NCR (NYSE:NCR) last announced its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.75 billion. NCR had a return on equity of 80.11% and a net margin of 3.56%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. research analysts expect that NCR Co. will post 3.34 earnings per share for the current fiscal year.
NCR has been the topic of several recent analyst reports. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. DA Davidson assumed coverage on NCR in a research note on Wednesday, February 7th. They set a “neutral” rating and a $39.00 price target on the stock. Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Benchmark reissued a “buy” rating and set a $44.00 price target on shares of NCR in a research note on Wednesday, February 7th. Finally, Morgan Stanley decreased their price target on NCR from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.25.
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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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