Sumitomo Mitsui Asset Management Company LTD bought a new stake in NCR Co. (NYSE:NCR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 138,390 shares of the information technology services provider’s stock, valued at approximately $4,703,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperio Group LLC grew its position in shares of NCR by 10.0% in the 3rd quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock valued at $1,601,000 after buying an additional 3,864 shares during the last quarter. Royal Bank of Canada grew its position in shares of NCR by 124.0% in the 2nd quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock valued at $3,951,000 after buying an additional 53,547 shares during the last quarter. Dana Investment Advisors Inc. purchased a new position in shares of NCR in the 2nd quarter valued at $2,361,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of NCR in the 2nd quarter valued at $724,000. Finally, ETF Managers Group LLC purchased a new position in shares of NCR in the 2nd quarter valued at $3,775,000. 90.38% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the sale, the executive vice president now owns 6,802 shares in the company, valued at approximately $254,122.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on NCR. Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. set a $45.00 price target on shares of NCR and gave the stock a “buy” rating in a research note on Saturday, October 21st. Royal Bank of Canada reiterated an “average” rating and set a $44.00 price target on shares of NCR in a research note on Friday, October 20th. They noted that the move was a valuation call. Finally, Morgan Stanley decreased their price target on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. NCR currently has a consensus rating of “Buy” and an average target price of $47.57.

Shares of NCR Co. (NYSE:NCR) opened at $37.89 on Friday. The firm has a market cap of $4,541.92, a price-to-earnings ratio of 22.96 and a beta of 1.82. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR Co. has a 52 week low of $29.20 and a 52 week high of $49.90.

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About NCR

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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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