NCR (NCR) Receives Hold Rating from Oppenheimer

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Oppenheimer reaffirmed their hold rating on shares of NCR (NYSE:NCR) in a research note published on Tuesday morning.

NCR has been the subject of several other research reports. ValuEngine raised shares of NCR from a strong sell rating to a sell rating in a research report on Tuesday, August 28th. UBS Group downgraded shares of NCR from an outperform rating to a market perform rating in a research report on Friday, July 27th. TheStreet downgraded shares of NCR from a b- rating to a c- rating in a research report on Friday, July 27th. Zacks Investment Research raised shares of NCR from a sell rating to a hold rating in a research report on Wednesday, September 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NCR from $38.00 to $35.00 and set an overweight rating for the company in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. NCR has a consensus rating of Hold and an average price target of $37.80.

Shares of NCR stock opened at $23.82 on Tuesday. The company has a market cap of $2.86 billion, a PE ratio of 7.44, a P/E/G ratio of 2.28 and a beta of 1.77. NCR has a 52 week low of $23.41 and a 52 week high of $38.68. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01.

NCR (NYSE:NCR) last announced its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. On average, sell-side analysts expect that NCR will post 2.61 earnings per share for the current fiscal year.

NCR declared that its Board of Directors has initiated a share repurchase program on Thursday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Eagle Boston Investment Management Inc. lifted its holdings in shares of NCR by 3.9% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock worth $1,429,000 after purchasing an additional 1,809 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of NCR by 8.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock worth $818,000 after purchasing an additional 2,040 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of NCR by 4.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock worth $1,361,000 after purchasing an additional 2,059 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of NCR by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 82,133 shares of the information technology services provider’s stock worth $2,462,000 after purchasing an additional 2,063 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of NCR by 6.5% in the 2nd quarter. OLD National Bancorp IN now owns 34,079 shares of the information technology services provider’s stock worth $1,021,000 after purchasing an additional 2,089 shares in the last quarter. Institutional investors own 91.26% of the company’s stock.

About NCR

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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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