Mckinley Capital Management LLC Delaware reduced its position in NCR Co. (NYSE:NCR) by 30.5% during the first quarter, Holdings Channel reports. The firm owned 100,277 shares of the information technology services provider’s stock after selling 43,942 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in NCR were worth $4,581,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in NCR by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock worth $108,000 after buying an additional 124 shares during the period. James Investment Research Inc. bought a new position in NCR during the first quarter worth $152,000. Riverhead Capital Management LLC boosted its position in NCR by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the information technology services provider’s stock worth $142,000 after buying an additional 1,727 shares during the period. North Star Investment Management Corp. boosted its position in NCR by 0.9% in the first quarter. North Star Investment Management Corp. now owns 6,181 shares of the information technology services provider’s stock worth $282,000 after buying an additional 55 shares during the period. Finally, Rational Advisors LLC bought a new position in NCR during the first quarter worth $301,000. 81.73% of the stock is owned by institutional investors.
Shares of NCR Co. (NYSE:NCR) traded up 0.07% during midday trading on Wednesday, hitting $40.25. The stock had a trading volume of 1,768,372 shares. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 28.17 and a beta of 1.82. NCR Co. has a 12-month low of $25.20 and a 12-month high of $49.90. The company’s 50-day moving average price is $42.19 and its 200-day moving average price is $42.60.
NCR (NYSE:NCR) last released its earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. NCR had a return on equity of 76.86% and a net margin of 4.13%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. Equities research analysts forecast that NCR Co. will post $3.37 EPS for the current year.
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A number of research firms have recently weighed in on NCR. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 price target on shares of NCR in a report on Friday, May 12th. Zacks Investment Research cut NCR from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer Holdings Inc. raised NCR from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Thursday, March 16th. Benchmark Co. began coverage on NCR in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, CIBC raised NCR from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $46.29.
In other NCR news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $48.47, for a total transaction of $145,543,437.91. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total transaction of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares in the company, valued at $420,042.24. The disclosure for this sale can be found here. Insiders sold 3,014,479 shares of company stock valued at $146,094,674 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
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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