Brown Advisory Inc. bought a new stake in shares of NCR Co. (NYSE:NCR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 66,181 shares of the information technology services provider’s stock, valued at approximately $1,984,000.

A number of other hedge funds have also added to or reduced their stakes in NCR. Janney Montgomery Scott LLC acquired a new stake in NCR during the second quarter valued at approximately $202,000. Fiduciary Trust Co. acquired a new stake in NCR during the first quarter valued at approximately $221,000. Financial Counselors Inc. lifted its stake in NCR by 29.6% during the second quarter. Financial Counselors Inc. now owns 9,206 shares of the information technology services provider’s stock valued at $276,000 after purchasing an additional 2,104 shares during the last quarter. GAM Holding AG acquired a new stake in NCR during the second quarter valued at approximately $296,000. Finally, BB&T Corp lifted its stake in NCR by 22.0% during the second quarter. BB&T Corp now owns 13,284 shares of the information technology services provider’s stock valued at $398,000 after purchasing an additional 2,393 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:NCR opened at $28.14 on Friday. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01. The company has a market capitalization of $3.33 billion, a P/E ratio of 8.72, a PEG ratio of 2.71 and a beta of 1.81. NCR Co. has a 52 week low of $26.00 and a 52 week high of $38.68.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.59 billion. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. research analysts expect that NCR Co. will post 2.61 earnings per share for the current year.

NCR announced that its Board of Directors has approved a stock buyback plan on Thursday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Several research firms recently commented on NCR. ValuEngine raised shares of NCR from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Oppenheimer lowered shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 target price for the company. in a research note on Friday, July 27th. UBS Group lowered shares of NCR from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. TheStreet lowered shares of NCR from a “b-” rating to a “c-” rating in a research note on Friday, July 27th. Finally, Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $38.83.

NCR Profile

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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