Lapides Asset Management LLC lowered its position in NCR Corporation (NYSE:NCR) by 31.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,680 shares of the information technology services provider’s stock after selling 151,900 shares during the period. NCR Corporation comprises 2.8% of Lapides Asset Management LLC’s portfolio, making the stock its 12th largest position. Lapides Asset Management LLC owned approximately 0.27% of NCR Corporation worth $15,014,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. FNY Partners Fund LP purchased a new stake in shares of NCR Corporation during the first quarter worth approximately $107,000. Janus Capital Management LLC boosted its stake in NCR Corporation by 16.2% in the first quarter. Janus Capital Management LLC now owns 193,200 shares of the information technology services provider’s stock valued at $8,825,000 after buying an additional 26,900 shares in the last quarter. Gareth Morgan Investments Limited Partnership bought a new stake in NCR Corporation during the first quarter valued at about $996,000. Credit Suisse AG boosted its stake in NCR Corporation by 79.6% in the first quarter. Credit Suisse AG now owns 222,053 shares of the information technology services provider’s stock valued at $10,143,000 after buying an additional 98,422 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in NCR Corporation during the first quarter valued at about $347,000. Institutional investors and hedge funds own 89.31% of the company’s stock.
NCR Corporation (NCR) traded down 1.53% during midday trading on Thursday, hitting $38.55. 1,260,933 shares of the company traded hands. NCR Corporation has a 12-month low of $25.20 and a 12-month high of $49.90. The company has a market cap of $4.68 billion, a PE ratio of 26.98 and a beta of 1.91. The stock has a 50 day moving average price of $40.66 and a 200-day moving average price of $42.91.
NCR Corporation (NYSE:NCR) last issued its earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts expect that NCR Corporation will post $3.37 EPS for the current year.
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Several research firms recently issued reports on NCR. Zacks Investment Research cut shares of NCR Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday. Royal Bank Of Canada reissued a “buy” rating and issued a $51.00 target price on shares of NCR Corporation in a research report on Wednesday, April 12th. TheStreet cut shares of NCR Corporation from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. Benchmark Co. began coverage on shares of NCR Corporation in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. raised shares of NCR Corporation from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. NCR Corporation currently has an average rating of “Buy” and an average price target of $46.29.
In other news, EVP J. Robert Ciminera sold 3,086 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the transaction, the executive vice president now owns 9,888 shares in the company, valued at approximately $420,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
NCR Corporation Company Profile
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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