Swiss National Bank boosted its position in NCR Co. (NYSE:NCR) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,259 shares of the information technology services provider’s stock after acquiring an additional 4,700 shares during the quarter. Swiss National Bank owned 0.22% of NCR worth $11,212,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Berman Capital Advisors LLC raised its holdings in NCR by 1,041.8% in the third quarter. Berman Capital Advisors LLC now owns 765 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 698 shares in the last quarter. Psagot Investment House Ltd. acquired a new stake in NCR in the second quarter valued at approximately $43,000. Simon Quick Advisors LLC increased its stake in NCR by 150.0% in the third quarter. Simon Quick Advisors LLC now owns 1,000 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 600 shares during the last quarter. Global Retirement Partners LLC increased its stake in NCR by 41.8% in the third quarter. Global Retirement Partners LLC now owns 1,323 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 390 shares during the last quarter. Finally, Spectrum Management Group LLC purchased a new position in NCR in the third quarter valued at approximately $80,000. 91.17% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Adrian Button sold 23,724 shares of NCR stock in a transaction on Friday, October 29th. The shares were sold at an average price of $39.54, for a total value of $938,046.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Daniel William Campbell sold 11,988 shares of NCR stock in a transaction on Monday, November 1st. The shares were sold at an average price of $41.58, for a total transaction of $498,461.04. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
NCR (NYSE:NCR) last announced its earnings results on Tuesday, October 26th. The information technology services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2 billion. NCR had a negative net margin of 2.43% and a positive return on equity of 30.41%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. As a group, equities research analysts forecast that NCR Co. will post 2.72 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Stephens assumed coverage on shares of NCR in a research note on Thursday, November 18th. They issued an “overweight” rating and a $55.00 price target on the stock. DA Davidson reiterated a “buy” rating on shares of NCR in a research note on Thursday, October 28th. Finally, Royal Bank of Canada dropped their price target on shares of NCR from $59.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 27th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $54.50.
NCR Company Profile
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 solutions for the financial services industries. The Retail segment focuses on the customers for the retail industries.
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