Nuveen Asset Management LLC Cuts Stock Holdings in NCR Co. (NYSE:NCR)

Nuveen Asset Management LLC trimmed its position in shares of NCR Co. (NYSE:NCR – Get Rating) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338,024 shares of the information technology services provider’s stock after selling 6,415 shares during the quarter. Nuveen Asset Management LLC’s holdings in NCR were worth $6,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of NCR by 0.5% in 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 buying an additional 58,418 shares during the last quarter. State Street Corp boosted its holdings in shares of NCR by 0.5% in the 2nd quarter. State Street Corp now owns 4,913,613 shares of the information technology services provider’s stock worth $152,863,000 after buying an additional 22,263 shares during the last quarter. FMR LLC boosted its holdings in shares of NCR by 5.8% in the 2nd quarter. FMR LLC now owns 4,290,556 shares of the information technology services provider’s stock worth $133,479,000 after buying an additional 236,400 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of NCR by 2.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,751,303 shares of the information technology services provider’s stock worth $85,593,000 after buying an additional 64,816 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NCR by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,949 shares of the information technology services provider’s stock worth $47,186,000 after buying an additional 91,360 shares during the last quarter. 92.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NCR shares. Stephens upped their price objective on shares of NCR from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, December 8th. Morgan Stanley upped their price objective on shares of NCR from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th.

NCR Trading Down 3.9 %

Shares of NCR opened at $22.60 on Monday. The business’s 50-day moving average price is $25.94 and its 200-day moving average price is $24.22. NCR Co. has a twelve month low of $18.06 and a twelve month high of $43.80. The stock has a market cap of $3.15 billion, a PE ratio of 77.93 and a beta of 1.67. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 3.76.

NCR (NYSE:NCR – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The information technology services provider reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.01). NCR had a net margin of 0.76% and a return on equity of 26.18%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts forecast that NCR Co. will post 2.84 EPS for the current fiscal year.

About NCR

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NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.