Shares of NCR Corporation (NYSE:NCR) have received an average rating of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $47.57.

Several equities research analysts have recently weighed in on NCR shares. Morgan Stanley reduced their price objective on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. BidaskClub cut NCR Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Royal Bank Of Canada reissued an “average” rating and issued a $44.00 price objective on shares of NCR Corporation in a research report on Friday, October 20th. They noted that the move was a valuation call. Compass Point started coverage on NCR Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, J P Morgan Chase & Co set a $45.00 price objective on NCR Corporation and gave the company a “buy” rating in a research report on Saturday, October 21st.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of NCR Corporation by 0.7% during the 1st quarter. State Street Corp now owns 3,579,155 shares of the information technology services provider’s stock worth $163,492,000 after acquiring an additional 23,783 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of NCR Corporation by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,729,881 shares of the information technology services provider’s stock valued at $111,488,000 after acquiring an additional 65,051 shares during the period. Nationwide Fund Advisors lifted its position in shares of NCR Corporation by 9.9% during the 2nd quarter. Nationwide Fund Advisors now owns 776,619 shares of the information technology services provider’s stock valued at $31,717,000 after acquiring an additional 69,694 shares during the period. Teachers Advisors LLC lifted its position in shares of NCR Corporation by 8.4% during the 1st quarter. Teachers Advisors LLC now owns 621,375 shares of the information technology services provider’s stock valued at $28,384,000 after acquiring an additional 48,025 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of NCR Corporation by 10.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 607,424 shares of the information technology services provider’s stock valued at $24,808,000 after acquiring an additional 55,455 shares during the period. Hedge funds and other institutional investors own 89.18% of the company’s stock.

NCR Corporation (NYSE:NCR) last posted its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. NCR Corporation had a return on equity of 84.72% and a net margin of 5.11%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business earned $0.87 earnings per share. NCR Corporation’s revenue for the quarter was down .8% compared to the same quarter last year.

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.

Analyst Recommendations for NCR Corporation (NYSE:NCR)

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