Oppenheimer & Co. Inc. Invests $208,000 in NCR Co. (NYSE:NCR)

Oppenheimer & Co. Inc. purchased a new position in shares of NCR Co. (NYSE:NCRGet Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,673 shares of the information technology services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in NCR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 12,636,852 shares of the information technology services provider’s stock worth $507,875,000 after purchasing an additional 58,418 shares in the last quarter. River Road Asset Management LLC increased its position in NCR by 18.8% during the 1st quarter. River Road Asset Management LLC now owns 7,422,993 shares of the information technology services provider’s stock worth $298,330,000 after purchasing an additional 1,176,368 shares in the last quarter. State Street Corp increased its position in NCR by 8.3% during the 1st quarter. State Street Corp now owns 4,891,350 shares of the information technology services provider’s stock worth $196,583,000 after purchasing an additional 373,486 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in NCR by 28.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,971,043 shares of the information technology services provider’s stock worth $159,596,000 after purchasing an additional 884,458 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in NCR by 9.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,686,487 shares of the information technology services provider’s stock worth $107,970,000 after purchasing an additional 228,710 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NCR shares. Morgan Stanley dropped their price objective on NCR from $27.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, October 17th. StockNews.com started coverage on NCR in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Stephens dropped their price objective on NCR from $38.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, September 21st. Finally, DA Davidson lowered their price target on NCR from $45.00 to $35.00 in a report on Thursday, October 27th.

NCR Stock Down 0.6 %

NCR opened at $21.94 on Friday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.15 and a quick ratio of 0.85. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 25.22 and a beta of 1.67. The business has a 50-day moving average of $21.40 and a two-hundred day moving average of $28.46. NCR Co. has a 12 month low of $18.06 and a 12 month high of $45.92.

NCR (NYSE:NCRGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The information technology services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. NCR had a return on equity of 27.28% and a net margin of 1.78%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that NCR Co. will post 2.63 earnings per share for the current year.

Insider Activity at NCR

In other NCR news, Director Joseph E. Reece acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $20.82 per share, with a total value of $104,100.00. Following the completion of the transaction, the director now directly owns 23,018 shares of the company’s stock, valued at $479,234.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Adrian Button sold 13,000 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $20.38, for a total value of $264,940.00. Following the completion of the sale, the executive vice president now owns 44,466 shares of the company’s stock, valued at $906,217.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph E. Reece acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was acquired at an average cost of $20.82 per share, with a total value of $104,100.00. Following the transaction, the director now directly owns 23,018 shares of the company’s stock, valued at $479,234.76. The disclosure for this purchase can be found here. 7.10% of the stock is currently owned by insiders.

About NCR

(Get Rating)

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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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