NCR Co. (NYSE:NCR) shares fell 8.8% during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $41.00 to $40.00. Morgan Stanley currently has an equal weight rating on the stock. NCR traded as low as $29.60 and last traded at $30.56. 4,865,722 shares changed hands during mid-day trading, an increase of 232% from the average session volume of 1,464,508 shares. The stock had previously closed at $33.51.

NCR has been the subject of several other research reports. Royal Bank of Canada reaffirmed an “average” rating and set a $44.00 target price on shares of NCR in a research note on Friday, October 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $45.00 target price on NCR and gave the company a “buy” rating in a research note on Saturday, October 21st. ValuEngine cut NCR from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of NCR in a research note on Wednesday. Finally, Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.25.

In related news, EVP J. Robert Ciminera sold 1,937 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the transaction, the executive vice president now owns 6,802 shares of the company’s stock, valued at $254,122.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NCR by 43.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 1,979 shares during the period. Oakbrook Investments LLC acquired a new position in shares of NCR in the 4th quarter valued at $226,000. HighTower Advisors LLC boosted its position in shares of NCR by 8.9% in the 2nd quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock valued at $261,000 after purchasing an additional 525 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of NCR in the 4th quarter valued at $289,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of NCR in the 4th quarter valued at $299,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

The company has a current ratio of 1.42, a quick ratio of 1.01 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of $3,390.00, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.52 and a beta of 1.83.

NCR (NYSE:NCR) last released its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. NCR had a return on equity of 82.26% and a net margin of 3.56%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the company posted $1.07 EPS. NCR’s revenue for the quarter was down 1.1% on a year-over-year basis. sell-side analysts anticipate that NCR Co. will post 3.33 earnings per share for the current year.

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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.

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