Sei Investments Co. Boosts Stake in NCR Co. (NCR)

Sei Investments Co. boosted its position in NCR Co. (NYSE:NCR) by 128.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,704 shares of the information technology services provider’s stock after buying an additional 46,576 shares during the period. Sei Investments Co.’s holdings in NCR were worth $3,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Private Harbour Investment Management & Counsel LLC purchased a new stake in NCR during the third quarter worth approximately $717,000. LSV Asset Management boosted its position in shares of NCR by 0.7% in the third quarter. LSV Asset Management now owns 6,173,178 shares of the information technology services provider’s stock valued at $198,714,000 after buying an additional 40,100 shares during the period. Morgan Stanley boosted its position in shares of NCR by 9.6% in the third quarter. Morgan Stanley now owns 852,865 shares of the information technology services provider’s stock valued at $27,455,000 after buying an additional 75,032 shares during the period. AMP Capital Investors Ltd boosted its position in shares of NCR by 20.8% in the third quarter. AMP Capital Investors Ltd now owns 63,907 shares of the information technology services provider’s stock valued at $2,022,000 after buying an additional 11,000 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of NCR during the third quarter valued at about $237,000. 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) opened at 40.33 on Friday. NCR Co. has a 12 month low of $25.20 and a 12 month high of $49.90. The company has a 50-day moving average price of $41.49 and a 200 day moving average price of $42.74. The firm has a market cap of $4.89 billion, a PE ratio of 28.22 and a beta of 1.82.

NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. NCR had a net margin of 4.13% and a return on equity of 76.86%. 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 previous year, the firm posted $0.38 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that NCR Co. will post $3.37 EPS for the current year.

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

In other news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the business’s stock in a transaction dated 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 accessible through this hyperlink. Also, EVP J. Robert Ciminera sold 3,086 shares of the business’s stock in a transaction dated 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 owns 9,888 shares in the company, valued at approximately $420,042.24. The disclosure for this sale can be found here. 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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