The Manufacturers Life Insurance Company lowered its position in NCR Co. (NYSE:NCR – Get Rating) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,149 shares of the information technology services provider's stock after selling 3,395 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of NCR worth $2,113,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stephens Inc. AR boosted its holdings in NCR by 6.1% in the third quarter. Stephens Inc. AR now owns 17,503 shares of the information technology services provider's stock worth $333,000 after acquiring an additional 1,005 shares in the last quarter. Aptus Capital Advisors LLC bought a new position in NCR in the third quarter worth approximately $262,000. Oregon Public Employees Retirement Fund boosted its holdings in NCR by 4.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 39,956 shares of the information technology services provider's stock worth $760,000 after acquiring an additional 1,852 shares in the last quarter. Brinker Capital Investments LLC boosted its holdings in NCR by 41.2% in the third quarter. Brinker Capital Investments LLC now owns 23,919 shares of the information technology services provider's stock worth $455,000 after acquiring an additional 6,977 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in NCR in the third quarter worth approximately $1,812,000. Institutional investors own 92.99% of the company's stock.
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NCR Stock Performance
Shares of NCR opened at $28.39 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 3.88. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 32.63 and a beta of 1.68. The stock has a 50 day moving average of $24.57 and a 200 day moving average of $25.54. NCR Co. has a 12 month low of $18.06 and a 12 month high of $44.59.
Analyst Ratings Changes
NCR has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on NCR from $27.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, October 17th. Stephens raised their target price on NCR from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, December 8th. StockNews.com initiated coverage on NCR in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, DA Davidson dropped their target price on NCR from $45.00 to $35.00 in a report on Thursday, October 27th.
Insider Activity at NCR
In other NCR news, Director Joseph E. Reece purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 9th. The stock was bought at an average cost of $20.82 per share, with a total value of $104,100.00. Following the completion of the transaction, the director now owns 23,018 shares of the company's stock, valued at approximately $479,234.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.10% of the stock is currently owned by company insiders.
NCR Company Profile
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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 software, services, and hardware solutions for the financial services industry.
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