NCR (NYSE:NCR) Shares Gap Down to $33.61

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NCR Co. (NYSE:NCR) gapped down prior to trading on Thursday . The stock had previously closed at $35.05, but opened at $33.61. NCR shares last traded at $32.29, with a volume of 4,987,331 shares.

NCR has been the subject of a number of analyst reports. Benchmark set a $40.00 price target on NCR and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley upped their price target on NCR from $28.00 to $31.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Zacks Investment Research cut NCR from a “hold” rating to a “sell” rating and set a $34.00 price target for the company. in a report on Wednesday, June 12th. TheStreet upgraded NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Co initiated coverage on NCR in a report on Wednesday. They issued an “outperform” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.00.

The stock has a market cap of $4.05 billion, a PE ratio of 12.42, a PEG ratio of 3.00 and a beta of 1.60. The stock has a fifty day simple moving average of $31.74 and a two-hundred day simple moving average of $30.37. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.94 and a current ratio of 1.32.

NCR (NYSE:NCR) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.10. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NCR had a return on equity of 86.80% and a net margin of 2.47%. NCR’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. On average, equities analysts predict that NCR Co. will post 2.8 EPS for the current fiscal year.

In other news, EVP J. Robert Ciminera sold 16,888 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $30.32, for a total transaction of $512,044.16. Following the completion of the transaction, the executive vice president now directly owns 33,278 shares in the company, valued at approximately $1,008,988.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paul Langenbahn sold 28,833 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total value of $934,765.86. Following the transaction, the vice president now owns 86,925 shares of the company’s stock, valued at $2,818,108.50. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of NCR by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,484,326 shares of the information technology services provider’s stock valued at $357,162,000 after buying an additional 211,088 shares during the last quarter. BlackRock Inc. raised its position in shares of NCR by 3.7% during the 2nd quarter. BlackRock Inc. now owns 10,888,105 shares of the information technology services provider’s stock valued at $338,619,000 after acquiring an additional 390,502 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of NCR by 3.0% during the 2nd quarter. Janus Henderson Group PLC now owns 6,099,125 shares of the information technology services provider’s stock valued at $189,683,000 after acquiring an additional 180,231 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of NCR by 14.0% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,623,747 shares of the information technology services provider’s stock valued at $71,603,000 after acquiring an additional 321,560 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NCR by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,391,720 shares of the information technology services provider’s stock valued at $43,282,000 after acquiring an additional 16,555 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

NCR Company Profile (NYSE:NCR)

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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.

Further Reading: Equal Weight Rating

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