Stephens Lowers NCR (NYSE:NCR) Price Target to $28.00

NCR (NYSE:NCRGet Rating) had its price objective lowered by Stephens from $38.00 to $28.00 in a research report report published on Wednesday, The Fly reports. Stephens currently has an overweight rating on the information technology services provider’s stock.

Separately, Morgan Stanley lowered shares of NCR from an overweight rating to an equal weight rating and decreased their price objective for the stock from $38.00 to $27.00 in a report on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, NCR has an average rating of Moderate Buy and a consensus price target of $33.00.

NCR Price Performance

Shares of NCR stock opened at $21.99 on Wednesday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 46.79 and a beta of 1.51. The firm’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $33.88. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 4.00. NCR has a 1-year low of $21.64 and a 1-year high of $45.92.

NCR (NYSE:NCRGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. NCR had a return on equity of 26.93% and a net margin of 1.06%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $0.62 EPS. NCR’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities analysts predict that NCR will post 2.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC bought a new stake in shares of NCR during the second quarter worth approximately $37,000. Allworth Financial LP grew its holdings in NCR by 59.7% during the 1st quarter. Allworth Financial LP now owns 936 shares of the information technology services provider’s stock worth $38,000 after acquiring an additional 350 shares during the period. Ronald Blue Trust Inc. bought a new stake in shares of NCR during the 2nd quarter valued at $40,000. CWM LLC lifted its stake in shares of NCR by 283.8% in the 1st quarter. CWM LLC now owns 1,063 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 786 shares during the period. Finally, Neo Ivy Capital Management boosted its position in shares of NCR by 350.6% in the 2nd quarter. Neo Ivy Capital Management now owns 1,442 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 1,122 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

About NCR

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NCR Corporation provides various software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.

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