Alliancebernstein L.P. Sells 148,104 Shares of NCR Co. (NYSE:NCR)

Alliancebernstein L.P. lessened its stake in shares of NCR Co. (NYSE:NCR) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,493,391 shares of the information technology services provider’s stock after selling 148,104 shares during the period. Alliancebernstein L.P. owned 4.31% of NCR worth $193,148,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in NCR by 4.4% during the fourth quarter. Janus Henderson Group PLC now owns 6,420,957 shares of the information technology services provider’s stock valued at $225,761,000 after purchasing an additional 269,918 shares during the period. Man Group plc lifted its position in shares of NCR by 20.9% in the fourth quarter. Man Group plc now owns 999,776 shares of the information technology services provider’s stock worth $35,152,000 after buying an additional 172,818 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of NCR by 41.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,495 shares of the information technology services provider’s stock worth $154,000 after buying an additional 1,313 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of NCR in the fourth quarter worth about $304,000. Finally, Captrust Financial Advisors lifted its position in shares of NCR by 71,562.2% in the fourth quarter. Captrust Financial Advisors now owns 504,502 shares of the information technology services provider’s stock worth $17,910,000 after buying an additional 503,798 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on NCR shares. Royal Bank of Canada upped their price objective on NCR to $48.00 and gave the company a “top pick” rating in a research report on Thursday, December 19th. Stephens dropped their price objective on NCR from $39.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 4th. Standpoint Research assumed coverage on NCR in a research note on Monday, December 23rd. They issued an “accumulate” rating on the stock. TheStreet cut NCR from a “b-” rating to a “c+” rating in a research note on Tuesday, March 10th. Finally, Oppenheimer raised NCR from a “market perform” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. NCR presently has a consensus rating of “Buy” and an average price target of $34.38.

In other news, EVP James Bedore bought 2,800 shares of NCR stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $17.49 per share, for a total transaction of $48,972.00. Following the purchase, the executive vice president now directly owns 65,754 shares of the company’s stock, valued at approximately $1,150,037.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andre J. Fernandez bought 5,700 shares of NCR stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $17.30 per share, with a total value of $98,610.00. Following the purchase, the chief financial officer now directly owns 135,609 shares in the company, valued at $2,346,035.70. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

NCR stock opened at $16.49 on Thursday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.24 and a quick ratio of 0.93. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.00 and a beta of 1.70. NCR Co. has a 1-year low of $10.55 and a 1-year high of $35.87. The business has a fifty day moving average price of $25.40 and a 200-day moving average price of $30.82.

NCR (NYSE:NCR) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. NCR had a return on equity of 59.60% and a net margin of 7.01%. During the same quarter last year, the business posted $0.84 EPS. On average, equities research analysts anticipate that NCR Co. will post 2.65 earnings per share for the current fiscal year.

NCR Profile

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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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