NCR Corporation (NCR) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in shares of NCR Corporation (NYSE:NCR) by 315.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 662,009 shares of the information technology services provider’s stock after buying an additional 502,834 shares during the period. Gotham Asset Management LLC owned about 0.55% of NCR Corporation worth $30,241,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NCR. North Star Investment Management Corp. boosted its stake in shares of NCR Corporation 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 valued at $282,000 after buying an additional 55 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of NCR Corporation by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 21,473 shares of the information technology services provider’s stock valued at $981,000 after buying an additional 86 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of NCR Corporation 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 valued at $108,000 after buying an additional 124 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of NCR Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,223 shares of the information technology services provider’s stock valued at $330,000 after buying an additional 130 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of NCR Corporation by 0.3% in the first quarter. Stifel Financial Corp now owns 69,335 shares of the information technology services provider’s stock valued at $3,172,000 after buying an additional 222 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for NCR Corporation (NYSE:NCR)

Shares of NCR Corporation (NYSE:NCR) traded up 1.32% during midday trading on Friday, reaching $39.77. The company’s stock had a trading volume of 1,537,699 shares. The company has a 50-day moving average price of $40.77 and a 200-day moving average price of $42.82. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 27.83 and a beta of 1.91. NCR Corporation has a 12 month low of $25.20 and a 12 month high of $49.90.

NCR Corporation (NYSE:NCR) last posted its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The firm had revenue of $1.48 billion during 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 business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Equities analysts expect that NCR Corporation will post $3.37 earnings per share for the current year.

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NCR has been the subject of several recent research reports. TheStreet cut NCR Corporation from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Zacks Investment Research raised NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, May 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 price target on shares of NCR Corporation in a research note on Friday, May 12th. Citigroup Inc. raised NCR Corporation to an “outperform” rating and set a $51.00 price target for the company in a research note on Thursday, March 16th. Finally, CIBC raised NCR Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $46.29.

In other news, EVP J. Robert Ciminera sold 3,086 shares of NCR Corporation stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly 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 accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

About NCR Corporation

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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