State Board of Administration of Florida Retirement System Has $5.79 Million Stake in NCR Co. (NYSE:NCR)

State Board of Administration of Florida Retirement System lowered its position in NCR Co. (NYSE:NCR) by 3.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 149,413 shares of the information technology services provider’s stock after selling 5,126 shares during the period. State Board of Administration of Florida Retirement System’s holdings in NCR were worth $5,791,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NCR. O Shaughnessy Asset Management LLC increased its holdings in NCR by 91.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,784 shares of the information technology services provider’s stock worth $127,000 after buying an additional 1,328 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in NCR in the second quarter worth approximately $250,000. Principal Financial Group Inc. increased its holdings in NCR by 26.3% in the second quarter. Principal Financial Group Inc. now owns 663,415 shares of the information technology services provider’s stock worth $30,258,000 after buying an additional 137,960 shares during the last quarter. Psagot Investment House Ltd. bought a new stake in NCR during the second quarter worth approximately $43,000. Finally, Picton Mahoney Asset Management bought a new stake in NCR during the second quarter worth approximately $4,265,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.

NCR opened at $42.75 on Friday. NCR Co. has a 1-year low of $31.32 and a 1-year high of $50.00. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 4.66. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of -29.08 and a beta of 1.72. The business has a 50 day moving average of $41.20 and a 200-day moving average of $41.99.

NCR (NYSE:NCR) last posted its quarterly earnings data on Tuesday, October 26th. The information technology services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. NCR had a positive return on equity of 30.41% and a negative net margin of 2.43%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business earned $0.54 earnings per share. NCR’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities analysts predict that NCR Co. will post 2.72 EPS for the current year.

In related news, VP Daniel William Campbell sold 11,988 shares of the firm’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $41.58, for a total value of $498,461.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adrian Button sold 23,724 shares of the firm’s stock in a transaction on Friday, October 29th. The stock was sold at an average price of $39.54, for a total value of $938,046.96. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on the company. Stephens assumed coverage on NCR in a research report on Thursday, November 18th. They set an “overweight” rating and a $55.00 target price for the company. Royal Bank of Canada decreased their target price on NCR from $59.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, October 27th. Finally, DA Davidson reaffirmed a “buy” rating on shares of NCR in a research report on Thursday, October 28th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, NCR presently has a consensus rating of “Buy” and an average target price of $54.50.

NCR Company Profile

NCR Corp. engages in the development, manufacture and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers solutions for the financial services industries. The Retail segment focuses on the customers for the retail industries.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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