NCR Co. (NYSE:NCR) Shares Bought by BlackRock Inc.

BlackRock Inc. grew its holdings in shares of NCR Co. (NYSE:NCR – Get Rating) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 11,688,088 shares of the information technology services provider’s stock after purchasing an additional 123,218 shares during the quarter. BlackRock Inc. owned about 0.09% of NCR worth $222,190,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of NCR by 0.5% in the first quarter. Vanguard Group Inc. now owns 12,636,852 shares of the information technology services provider’s stock valued at $507,875,000 after purchasing an additional 58,418 shares in the last quarter. State Street Corp increased its position in shares of NCR by 0.5% during the second quarter. State Street Corp now owns 4,913,613 shares of the information technology services provider’s stock worth $152,863,000 after acquiring an additional 22,263 shares during the period. FMR LLC raised its stake in shares of NCR by 5.8% in the second quarter. FMR LLC now owns 4,290,556 shares of the information technology services provider’s stock valued at $133,479,000 after acquiring an additional 236,400 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in NCR by 2.4% in the second quarter. Clearbridge Investments LLC now owns 2,751,303 shares of the information technology services provider’s stock valued at $85,593,000 after purchasing an additional 64,816 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in NCR by 3.8% during 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 purchasing an additional 91,360 shares in the last quarter. Institutional investors and hedge funds own 92.99% of the company’s stock.

NCR Trading Down 4.4 %

NCR opened at $21.61 on Tuesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 0.85 and a current ratio of 1.14. NCR Co. has a one year low of $18.06 and a one year high of $43.80. The company has a market cap of $3.01 billion, a P/E ratio of 74.52 and a beta of 1.67. The business’s 50-day simple moving average is $25.91 and its 200-day simple moving average is $24.13.

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

Analyst Ratings Changes

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

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.