NCR Co. (NYSE:NCR) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its position in shares of NCR Co. (NYSE:NCR) by 365.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,626 shares of the information technology services provider’s stock after purchasing an additional 370,334 shares during the period. Millennium Management LLC owned 0.37% of NCR worth $14,884,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of NCR by 11.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,633 shares of the information technology services provider’s stock worth $2,042,000 after purchasing an additional 6,549 shares during the last quarter. BB&T Corp boosted its stake in shares of NCR by 18.9% during the 3rd quarter. BB&T Corp now owns 11,569 shares of the information technology services provider’s stock worth $365,000 after purchasing an additional 1,835 shares during the last quarter. Pictet Asset Management Ltd. acquired a new stake in shares of NCR during the 2nd quarter worth about $31,327,000. Janus Henderson Group PLC boosted its stake 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 worth $189,683,000 after purchasing an additional 180,231 shares during the last quarter. Finally, GAM Holding AG acquired a new stake in shares of NCR during the 2nd quarter worth about $289,000. 92.00% of the stock is currently owned by institutional investors.

Several research firms have issued reports on NCR. TheStreet cut shares of NCR from a “b-” rating to a “c” rating in a research note on Friday, November 8th. Morgan Stanley reissued a “hold” rating and issued a $31.00 target price on shares of NCR in a research report on Sunday, September 22nd. ValuEngine cut shares of NCR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. DA Davidson raised their target price on shares of NCR from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Co assumed coverage on shares of NCR in a research report on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.63.

NCR opened at $32.35 on Thursday. The company’s 50 day simple moving average is $31.37 and its 200 day simple moving average is $31.25. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.98 and a current ratio of 1.35. NCR Co. has a 1 year low of $20.93 and a 1 year high of $35.08. The stock has a market capitalization of $4.19 billion, a PE ratio of 12.35 and a beta of 1.64.

NCR (NYSE:NCR) last released its earnings results on Thursday, November 7th. The information technology services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. NCR had a net margin of 1.30% and a return on equity of 79.96%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that NCR Co. will post 2.8 earnings per share for the current fiscal year.

In related news, EVP James Bedore sold 2,707 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $32.45, for a total value of $87,842.15. Following the sale, the executive vice president now directly owns 48,700 shares of the company’s stock, valued at $1,580,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adrian Button sold 8,238 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $33.29, for a total transaction of $274,243.02. Following the completion of the sale, the senior vice president now directly owns 11,654 shares in the company, valued at $387,961.66. The disclosure for this sale can be found here. Insiders sold 9,140,911 shares of company stock worth $299,368,472 over the last three months. Corporate insiders own 1.00% of the company’s stock.

NCR Company Profile

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.

Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?

Institutional Ownership by Quarter for NCR (NYSE:NCR)

Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.