BlackRock Inc. Boosts Stake in NCR Co. (NCR)

BlackRock Inc. lifted its stake in shares of NCR Co. (NYSE:NCR) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,424,737 shares of the information technology services provider’s stock after buying an additional 148,883 shares during the period. BlackRock Inc. owned approximately 8.84% of NCR worth $312,533,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of NCR by 105,618.0% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,537,231 shares of the information technology services provider’s stock worth $76,066,000 after buying an additional 2,534,831 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of NCR by 30.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,480,418 shares of the information technology services provider’s stock worth $74,362,000 after purchasing an additional 583,282 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of NCR during the first quarter worth $60,758,000. Massachusetts Financial Services Co. MA raised its holdings in shares of NCR by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,810,251 shares of the information technology services provider’s stock worth $54,271,000 after purchasing an additional 54,983 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of NCR by 792.7% during the second quarter. Victory Capital Management Inc. now owns 1,596,674 shares of the information technology services provider’s stock worth $47,868,000 after purchasing an additional 1,417,814 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Shares of NCR stock opened at $28.69 on Friday. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01. NCR Co. has a 1 year low of $26.00 and a 1 year high of $38.68. The firm has a market cap of $3.33 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 2.71 and a beta of 1.81.

NCR (NYSE:NCR) last released its quarterly earnings data on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. equities analysts anticipate that NCR Co. will post 2.61 earnings per share for the current fiscal year.

NCR declared that its board has authorized a share repurchase plan on Thursday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several brokerages recently issued reports on NCR. ValuEngine raised shares of NCR from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. TheStreet cut shares of NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Zacks Investment Research cut shares of NCR from a “hold” rating to a “sell” rating in a report on Monday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of NCR from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, July 27th. Finally, Oppenheimer cut shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 target price for the company. in a report on Friday, July 27th. Two research 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. NCR presently has a consensus rating of “Hold” and an average price target of $38.83.

NCR Profile

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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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