Brown Advisory Inc. Increases Stake in NCR Co. (NCR)

Brown Advisory Inc. increased its holdings in NCR Co. (NYSE:NCR) by 31.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,031 shares of the information technology services provider’s stock after purchasing an additional 20,850 shares during the period. Brown Advisory Inc. owned approximately 0.07% of NCR worth $2,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in NCR by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,787,813 shares of the information technology services provider’s stock valued at $50,792,000 after buying an additional 175,492 shares during the period. Walthausen & Co. LLC purchased a new stake in NCR during the 3rd quarter valued at $5,915,000. DekaBank Deutsche Girozentrale boosted its position in NCR by 47.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 189,935 shares of the information technology services provider’s stock valued at $5,415,000 after buying an additional 60,776 shares during the period. PNC Financial Services Group Inc. boosted its position in NCR by 2,330.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 323,545 shares of the information technology services provider’s stock valued at $9,189,000 after buying an additional 310,234 shares during the period. Finally, Janus Henderson Group PLC boosted its position in NCR by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,720,693 shares of the information technology services provider’s stock valued at $134,115,000 after buying an additional 455,611 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

NYSE:NCR opened at $25.80 on Friday. NCR Co. has a 12 month low of $23.41 and a 12 month high of $38.68. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.42 and a quick ratio of 0.97. The stock has a market capitalization of $3.15 billion, a PE ratio of 8.06, a P/E/G ratio of 2.54 and a beta of 1.77.

NCR (NYSE:NCR) last posted its earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. NCR had a negative net margin of 1.33% and a positive return on equity of 75.44%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company posted $0.93 EPS. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, research analysts forecast that NCR Co. will post 2.62 earnings per share for the current year.

NCR has been the subject of several analyst reports. Oppenheimer reissued a “hold” rating on shares of NCR in a research report on Tuesday, October 30th. ValuEngine raised shares of NCR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Zacks Investment Research cut shares of NCR from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Morgan Stanley dropped their price target on shares of NCR from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 31st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.80.

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NCR Company 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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