NCR Co. (NCR) Holdings Boosted by Congress Asset Management Co. MA

Congress Asset Management Co. MA raised its stake in shares of NCR Co. (NYSE:NCR) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,571 shares of the information technology services provider’s stock after acquiring an additional 6,105 shares during the period. Congress Asset Management Co. MA’s holdings in NCR were worth $1,891,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Republic Investment Management Inc. lifted its stake in NCR by 164.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 150,024 shares of the information technology services provider’s stock valued at $4,498,000 after acquiring an additional 93,205 shares in the last quarter. Cascade Investment Advisors Inc. lifted its stake in NCR by 8.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock valued at $818,000 after acquiring an additional 2,040 shares in the last quarter. BB&T Securities LLC lifted its stake in NCR by 7.6% during the 2nd quarter. BB&T Securities LLC now owns 82,324 shares of the information technology services provider’s stock valued at $2,468,000 after acquiring an additional 5,850 shares in the last quarter. Bank of America Corp DE lifted its stake in NCR by 48.0% during the 2nd quarter. Bank of America Corp DE now owns 855,791 shares of the information technology services provider’s stock valued at $25,656,000 after acquiring an additional 277,513 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in NCR by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 475,481 shares of the information technology services provider’s stock valued at $14,255,000 after acquiring an additional 26,199 shares in the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.

Several equities analysts have weighed in on NCR shares. ValuEngine cut NCR from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. Benchmark restated a “buy” rating and set a $44.00 price objective on shares of NCR in a research note on Wednesday, July 25th. Zacks Investment Research upgraded NCR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. dropped their price objective on NCR from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Finally, TheStreet cut NCR from a “b-” rating to a “c-” rating in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.80.



NYSE NCR opened at $23.82 on Wednesday. The firm has a market cap of $2.86 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.77. NCR Co. has a one year low of $23.41 and a one year high of $38.68. The company has a current ratio of 1.46, a quick ratio of 1.01 and a debt-to-equity ratio of 7.89.

NCR (NYSE:NCR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. NCR had a positive return on equity of 73.82% and a negative net margin of 0.80%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. As a group, sell-side analysts forecast that NCR Co. will post 2.61 EPS for the current fiscal year.

NCR announced that its board has approved a share buyback program on Thursday, July 26th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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