Marco Investment Management LLC Holds Position in NCR Co. (NCR)

Marco Investment Management LLC held its position in NCR Co. (NYSE:NCR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the information technology services provider’s stock at the end of the first quarter. Marco Investment Management LLC’s holdings in NCR were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NCR. Neuberger Berman Group LLC raised its position in NCR by 9.1% in the first quarter. Neuberger Berman Group LLC now owns 2,698,990 shares of the information technology services provider’s stock worth $123,290,000 after buying an additional 224,002 shares during the period. Bank of New York Mellon Corp raised its position in NCR by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 2,664,830 shares of the information technology services provider’s stock worth $121,730,000 after buying an additional 427,480 shares during the period. Wells Fargo & Company MN raised its position in NCR by 386.3% in the first quarter. Wells Fargo & Company MN now owns 1,987,821 shares of the information technology services provider’s stock worth $90,804,000 after buying an additional 1,579,083 shares during the period. TIAA CREF Investment Management LLC raised its position in NCR by 54.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,366,454 shares of the information technology services provider’s stock worth $62,420,000 after buying an additional 479,003 shares during the period. Finally, Pictet Asset Management Ltd. raised its position in NCR by 65.0% in the first quarter. Pictet Asset Management Ltd. now owns 1,341,000 shares of the information technology services provider’s stock worth $61,257,000 after buying an additional 528,200 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Institutional Ownership by Quarter for NCR (NYSE:NCR)

NCR Co. (NYSE NCR) traded down 1.39% during mid-day trading on Monday, reaching $40.42. The company’s stock had a trading volume of 1,044,494 shares. The stock has a market cap of $4.90 billion, a PE ratio of 28.29 and a beta of 1.82. NCR Co. has a 52-week low of $25.20 and a 52-week high of $49.90. The company has a 50 day moving average of $41.43 and a 200-day moving average of $42.76.

NCR (NYSE:NCR) last posted its earnings results on Thursday, April 20th. The information technology services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.46 by $0.10. NCR had a negative return on equity of 11.13% and a net margin of 3.86%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts forecast that NCR Co. will post $3.37 earnings per share for the current year.

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NCR has been the subject of a number of recent analyst reports. Zacks Investment Research lowered NCR from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 price objective on shares of NCR in a research note on Wednesday, April 12th. Oppenheimer Holdings Inc. raised NCR from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, March 16th. TheStreet downgraded NCR from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Finally, CIBC raised NCR from a “market perform” rating to an “outperform” rating in a report on Thursday, March 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.29.

In related news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $48.47, for a total transaction of $145,543,437.91. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the sale, the executive vice president now directly owns 9,888 shares in the company, valued at approximately $420,042.24. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

About NCR

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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