Arizona State Retirement System boosted its position in shares of NCR Co. (NYSE:NCR – Get Rating) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,121 shares of the information technology services provider's stock after purchasing an additional 1,295 shares during the period. Arizona State Retirement System's holdings in NCR were worth $706,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in NCR during the 2nd quarter valued at about $37,000. Focused Wealth Management Inc purchased a new stake in NCR in the 3rd quarter valued at about $38,000. Wipfli Financial Advisors LLC purchased a new stake in NCR in the 3rd quarter valued at about $38,000. Ronald Blue Trust Inc. purchased a new stake in NCR in the 2nd quarter valued at about $40,000. Finally, CWM LLC boosted its position in NCR by 61.1% in the 3rd quarter. CWM LLC now owns 2,260 shares of the information technology services provider's stock valued at $43,000 after buying an additional 857 shares during the period. 92.99% of the stock is currently owned by institutional investors.
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Insider Transactions at NCR
In other news, Director Joseph E. Reece bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 9th. The stock was bought at an average price of $20.82 per share, with a total value of $104,100.00. Following the completion of the transaction, the director now directly owns 23,018 shares of the company's stock, valued at approximately $479,234.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.10% of the company's stock.
NCR Price Performance
Shares of NCR opened at $28.39 on Friday. The company has a 50 day moving average price of $24.57 and a 200-day moving average price of $25.49. NCR Co. has a fifty-two week low of $18.06 and a fifty-two week high of $44.59. The stock has a market capitalization of $3.90 billion, a PE ratio of 32.63 and a beta of 1.68. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.85 and a current ratio of 1.15.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on NCR shares. StockNews.com started coverage on shares of NCR in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. DA Davidson lowered their price objective on shares of NCR from $45.00 to $35.00 in a research report on Thursday, October 27th. Stephens boosted their price objective on shares of NCR from $28.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, December 8th. Finally, Morgan Stanley lowered their price objective on shares of NCR from $27.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, October 17th.
About NCR
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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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