Oregon Public Employees Retirement Fund lifted its position in NCR Co. (NYSE:NCR – Get Rating) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,956 shares of the information technology services provider's stock after buying an additional 1,852 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in NCR were worth $760,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in NCR. SeaCrest Wealth Management LLC acquired a new stake in NCR during the 2nd quarter valued at $37,000. Focused Wealth Management Inc acquired a new stake in NCR during the 3rd quarter valued at $38,000. Wipfli Financial Advisors LLC acquired a new stake in NCR during the 3rd quarter valued at $38,000. Ronald Blue Trust Inc. acquired a new stake in NCR during the 2nd quarter valued at $40,000. Finally, CWM LLC lifted its holdings in NCR by 61.1% during the 3rd quarter. CWM LLC now owns 2,260 shares of the information technology services provider's stock valued at $43,000 after purchasing an additional 857 shares during the last quarter. 92.99% of the stock is owned by institutional investors.
Get NCR alerts:NCR Stock Down 2.3 %
NCR stock opened at $26.20 on Wednesday. The company has a market cap of $3.60 billion, a PE ratio of 30.11 and a beta of 1.66. The business has a 50-day simple moving average of $23.80 and a 200 day simple moving average of $25.57. NCR Co. has a 52 week low of $18.06 and a 52 week high of $44.59. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 3.88.
NCR (NYSE:NCR – Get Rating) last released its earnings results on Tuesday, October 25th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. NCR had a return on equity of 27.28% and a net margin of 1.78%. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that NCR Co. will post 2.59 EPS for the current fiscal year.Analysts Set New Price Targets
NCR has been the subject of several research reports. DA Davidson cut their price target on NCR from $45.00 to $35.00 in a report on Thursday, October 27th. StockNews.com assumed coverage on NCR in a report on Wednesday, October 12th. They set a "hold" rating for the company. Morgan Stanley dropped their target price on NCR from $27.00 to $24.00 and set an "equal weight" rating for the company in a report on Monday, October 17th. Finally, Stephens lifted their target price on NCR from $28.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, December 8th.
Insider Buying and Selling at NCR
In other NCR news, Director Joseph E. Reece bought 5,000 shares of the firm's stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $20.82 per share, for a total transaction of $104,100.00. Following the completion of the transaction, the director now directly owns 23,018 shares in the company, valued at approximately $479,234.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other NCR news, Director Joseph E. Reece bought 5,000 shares of the firm's stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $20.82 per share, for a total transaction of $104,100.00. Following the completion of the transaction, the director now directly owns 23,018 shares in the company, valued at approximately $479,234.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Adrian Button sold 13,000 shares of NCR stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $20.38, for a total value of $264,940.00. Following the completion of the transaction, the executive vice president now owns 44,466 shares in the company, valued at approximately $906,217.08. The disclosure for this sale can be found here. Company insiders own 7.10% of the company's stock.
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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