NCR Co. (NYSE:NCR) has been assigned an average rating of “Buy” from the nine ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $43.25.
Several research analysts recently issued reports on NCR shares. Royal Bank of Canada reissued a “buy” rating on shares of NCR in a report on Tuesday, March 14th. Zacks Investment Research cut shares of NCR from a “buy” rating to a “hold” rating in a report on Tuesday, December 27th. CIBC raised shares of NCR from a “market perform” rating to an “outperform” rating in a report on Thursday. Oppenheimer Holdings Inc. raised shares of NCR from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Thursday. Finally, Citigroup Inc raised shares of NCR to an “outperform” rating and set a $51.00 target price for the company in a report on Thursday.
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NCR (NYSE:NCR) traded down 0.49% during mid-day trading on Monday, hitting $44.31. 562,907 shares of the stock traded hands. The stock’s 50 day moving average is $45.89 and its 200-day moving average is $38.97. NCR has a 12 month low of $25.20 and a 12 month high of $49.90. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 26.08 and a beta of 1.82.
NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.74 billion. NCR had a net margin of 4.13% and a return on equity of 76.86%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts anticipate that NCR will post $3.31 EPS for the current year.
In other NCR news, EVP Frederick Marquardt sold 5,852 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $49.06, for a total value of $287,099.12. Following the completion of the transaction, the executive vice president now directly owns 83,344 shares of the company’s stock, valued at $4,088,856.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Paul Langenbahn sold 18,169 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $41.22, for a total transaction of $748,926.18. Following the completion of the transaction, the senior vice president now directly owns 26,792 shares of the company’s stock, valued at $1,104,366.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 413,446 shares of company stock valued at $18,877,043. 1.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of NCR during the fourth quarter worth about $52,346,000. Putnam Investments LLC raised its stake in NCR by 20.6% in the fourth quarter. Putnam Investments LLC now owns 489,738 shares of the company’s stock valued at $19,864,000 after buying an additional 83,813 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in NCR by 9.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,130 shares of the company’s stock valued at $857,000 after buying an additional 1,740 shares in the last quarter. Cigna Investments Inc. New acquired a new stake in NCR during the fourth quarter valued at approximately $1,442,000. Finally, Tudor Investment Corp Et Al acquired a new stake in NCR during the fourth quarter valued at approximately $1,303,000. 81.73% of the stock is owned by institutional investors.
NCR Company Profile
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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