Russell Investments Group Ltd. lifted its position in NCR Co. (NYSE:NCR – Get Rating) by 31.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,521 shares of the information technology services provider's stock after purchasing an additional 47,651 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of NCR worth $3,753,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in shares of NCR during the 2nd quarter worth approximately $37,000. Focused Wealth Management Inc acquired a new stake in shares of NCR during the third quarter worth $38,000. Wipfli Financial Advisors LLC acquired a new stake in shares of NCR during the third quarter worth $38,000. Ronald Blue Trust Inc. acquired a new stake in shares of NCR during the second quarter worth $40,000. Finally, CWM LLC boosted its holdings in shares of NCR by 61.1% during the third quarter. CWM LLC now owns 2,260 shares of the information technology services provider's stock worth $43,000 after purchasing an additional 857 shares during the last quarter. 92.99% of the stock is owned by institutional investors and hedge funds.
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Insider Buying and Selling at NCR
In related news, Director Joseph E. Reece acquired 5,000 shares of the business's stock in a transaction on Wednesday, November 9th. The shares were 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 directly 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 can be accessed through this hyperlink. 7.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NCR. Morgan Stanley decreased their price objective on NCR from $27.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, October 17th. StockNews.com started coverage on NCR in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. DA Davidson reduced their target price on NCR from $45.00 to $35.00 in a report on Thursday, October 27th. Finally, Stephens lifted 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.
NCR Trading Down 0.2 %
NYSE:NCR opened at $28.39 on Friday. The business's 50-day moving average is $24.57 and its two-hundred day moving average is $25.49. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.15 and a quick ratio of 0.85. NCR Co. has a 12 month low of $18.06 and a 12 month high of $44.59. The firm has a market capitalization of $3.90 billion, a PE ratio of 32.63 and a beta of 1.68.
NCR 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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