BB&T Securities LLC raised its stake in shares of NCR Co. (NYSE:NCR) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,324 shares of the information technology services provider’s stock after purchasing an additional 5,850 shares during the period. BB&T Securities LLC owned 0.07% of NCR worth $2,468,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NCR. Janney Montgomery Scott LLC bought a new position in NCR during the 2nd quarter worth $202,000. Financial Counselors Inc. raised its position in NCR by 29.6% during the 2nd quarter. Financial Counselors Inc. now owns 9,206 shares of the information technology services provider’s stock worth $276,000 after purchasing an additional 2,104 shares during the last quarter. GAM Holding AG bought a new position in NCR during the 2nd quarter worth $296,000. BB&T Corp raised its position in NCR by 22.0% during the 2nd quarter. BB&T Corp now owns 13,284 shares of the information technology services provider’s stock worth $398,000 after purchasing an additional 2,393 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new position in NCR during the 1st quarter worth $404,000. 91.30% of the stock is owned by institutional investors and hedge funds.
NCR stock opened at $28.69 on Friday. NCR Co. has a 1-year low of $26.00 and a 1-year high of $38.68. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01. The stock has a market capitalization of $3.33 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 2.71 and a beta of 1.81.
NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. NCR had a positive return on equity of 73.82% and a negative net margin of 0.80%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. analysts expect that NCR Co. will post 2.61 earnings per share for the current year.
NCR declared that its board has authorized a stock buyback program on Thursday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Several brokerages recently issued reports on NCR. ValuEngine raised NCR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Oppenheimer lowered NCR from an “outperform” rating to a “market perform” rating and set a $37.00 target price for the company. in a research report on Friday, July 27th. UBS Group lowered NCR from an “outperform” rating to a “market perform” rating in a research report on Friday, July 27th. TheStreet lowered NCR from a “b-” rating to a “c-” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research lowered NCR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.83.
NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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