Point72 Hong Kong Ltd acquired a new position in shares of NCR Co. (NYSE:NCR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,932 shares of the information technology services provider’s stock, valued at approximately $371,000.

Several other large investors have also recently made changes to their positions in NCR. Geode Capital Management LLC raised its holdings in shares of NCR by 15.1% during the fourth quarter. Geode Capital Management LLC now owns 1,208,210 shares of the information technology services provider’s stock worth $27,885,000 after acquiring an additional 158,849 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of NCR by 17.1% during the first quarter. SG Americas Securities LLC now owns 10,532 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 1,535 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of NCR by 2.2% during the first quarter. Mason Street Advisors LLC now owns 63,251 shares of the information technology services provider’s stock worth $1,726,000 after acquiring an additional 1,338 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of NCR by 7.5% during the first quarter. Parametric Portfolio Associates LLC now owns 531,979 shares of the information technology services provider’s stock worth $14,518,000 after acquiring an additional 36,920 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of NCR by 0.3% during the first quarter. California State Teachers Retirement System now owns 191,878 shares of the information technology services provider’s stock worth $5,236,000 after acquiring an additional 515 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

NCR has been the subject of several recent research reports. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Wells Fargo & Co initiated coverage on NCR in a report on Wednesday, September 18th. They set an “outperform” rating and a $45.00 price objective for the company. Morgan Stanley reiterated a “hold” rating and set a $31.00 price objective on shares of NCR in a report on Sunday. TheStreet raised shares of NCR from a “c” rating to a “b” rating in a research report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 target price on the stock. in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $36.00.

In other news, VP Paul Langenbahn sold 28,833 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.42, for a total value of $934,765.86. Following the sale, the vice president now directly owns 86,925 shares of the company’s stock, valued at $2,818,108.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP J. Robert Ciminera sold 16,888 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $30.32, for a total value of $512,044.16. Following the completion of the sale, the executive vice president now directly owns 33,278 shares in the company, valued at $1,008,988.96. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

NCR stock traded up $0.16 during mid-day trading on Monday, hitting $32.71. 35,496 shares of the company’s stock were exchanged, compared to its average volume of 1,048,653. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 6.05. The stock has a market cap of $3.89 billion, a P/E ratio of 12.50, a P/E/G ratio of 2.88 and a beta of 1.60. NCR Co. has a 1-year low of $20.93 and a 1-year high of $35.08. The stock has a 50 day moving average of $31.74 and a two-hundred day moving average of $30.37.

NCR (NYSE:NCR) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. NCR had a net margin of 2.47% and a return on equity of 86.80%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, research analysts predict that NCR Co. will post 2.82 EPS for the current fiscal year.

About NCR

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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.

Further Reading: Price-Sales Ratio

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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