Boston Partners Sells 17,926 Shares of NCR Co. (NYSE:NCR)

Boston Partners trimmed its holdings in shares of NCR Co. (NYSE:NCRGet Rating) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,508,726 shares of the information technology services provider’s stock after selling 17,926 shares during the period. Boston Partners owned 1.14% of NCR worth $60,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in NCR during the fourth quarter valued at approximately $257,631,000. Point72 Asset Management L.P. boosted its holdings in shares of NCR by 158.7% in the third quarter. Point72 Asset Management L.P. now owns 2,868,300 shares of the information technology services provider’s stock valued at $111,175,000 after buying an additional 1,759,600 shares during the period. River Road Asset Management LLC boosted its holdings in shares of NCR by 13.9% in the third quarter. River Road Asset Management LLC now owns 6,243,247 shares of the information technology services provider’s stock valued at $241,988,000 after buying an additional 764,122 shares during the period. Russell Investments Group Ltd. boosted its holdings in NCR by 282.3% during the fourth quarter. Russell Investments Group Ltd. now owns 970,875 shares of the information technology services provider’s stock worth $39,028,000 after purchasing an additional 716,901 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in NCR by 44.1% during the third quarter. Morgan Stanley now owns 2,293,468 shares of the information technology services provider’s stock worth $88,894,000 after purchasing an additional 701,973 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Adrian Button sold 21,712 shares of the business’s stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $42.21, for a total value of $916,463.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.10% of the company’s stock.

Several research firms have issued reports on NCR. TheStreet raised shares of NCR from a “c” rating to a “b-” rating in a research report on Wednesday, February 9th. Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating and set a $46.00 price objective on the stock. in a research report on Thursday, February 10th. Finally, StockNews.com started coverage on shares of NCR in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, NCR currently has a consensus rating of “Buy” and a consensus price target of $53.29.

NYSE NCR traded up $0.18 during mid-day trading on Monday, hitting $40.61. The company’s stock had a trading volume of 4,671 shares, compared to its average volume of 1,296,940. The company’s 50 day simple moving average is $39.94 and its 200 day simple moving average is $40.63. NCR Co. has a twelve month low of $34.30 and a twelve month high of $50.00. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 4.37. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 69.71 and a beta of 1.62.

NCR (NYSE:NCRGet Rating) last posted its quarterly earnings data on Tuesday, February 8th. The information technology services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. NCR had a net margin of 1.36% and a return on equity of 30.86%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, research analysts forecast that NCR Co. will post 3.39 EPS for the current year.

NCR Company Profile (Get Rating)

NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.

Further Reading

Institutional Ownership by Quarter for NCR (NYSE:NCR)

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