15,401 Shares in NCR Co. (NYSE:NCR) Acquired by LPL Financial LLC

LPL Financial LLC purchased a new position in shares of NCR Co. (NYSE:NCR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,401 shares of the information technology services provider’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in NCR by 1.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,419,987 shares of the information technology services provider’s stock worth $90,919,000 after acquiring an additional 43,708 shares in the last quarter. Clearbridge Investments LLC grew its holdings in NCR by 76.8% during the 4th quarter. Clearbridge Investments LLC now owns 1,560,017 shares of the information technology services provider’s stock worth $58,610,000 after acquiring an additional 677,898 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in NCR by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,382,342 shares of the information technology services provider’s stock worth $51,934,000 after acquiring an additional 25,502 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of NCR by 1.3% in the 4th quarter. Northern Trust Corp now owns 1,152,822 shares of the information technology services provider’s stock valued at $43,313,000 after buying an additional 14,953 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in NCR in the fourth quarter valued at $42,531,000. Institutional investors own 88.30% of the company’s stock.

In other NCR news, EVP Adrian Button sold 3,745 shares of NCR stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $35.32, for a total value of $132,273.40. Following the sale, the executive vice president now owns 7,541 shares of the company’s stock, valued at approximately $266,348.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

NCR has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on NCR from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday. Oppenheimer lifted their target price on NCR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. Finally, Stephens lifted their target price on NCR from $39.00 to $49.00 in a research report on Monday, January 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $37.33.

Shares of NCR stock opened at $40.59 on Thursday. The stock has a market capitalization of $5.29 billion, a PE ratio of 12.72 and a beta of 1.84. NCR Co. has a 52-week low of $15.18 and a 52-week high of $41.81. The stock’s 50-day moving average price is $37.17 and its 200 day moving average price is $31.71. The company has a quick ratio of 1.43, a current ratio of 1.75 and a debt-to-equity ratio of 3.56.

NCR (NYSE:NCR) last issued its quarterly earnings results on Monday, February 8th. The information technology services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. NCR had a net margin of 7.13% and a return on equity of 24.08%. The business’s revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Analysts expect that NCR Co. will post 1.71 earnings per share for the current fiscal year.

NCR Company Profile

NCR Corporation provides software and services worldwide. It operates through Banking, Retail, Hospitality, and Other segments. The Banking segment offers solutions for financial services industry, including digital banking, branch transformation, and digital connected services; software solutions and platforms, such as a multi-vendor ATM management systems software application suites; payment processing software; fraud and loss prevention applications; and cash management and video banking software, as well as related hardware products comprise ATMs, interactive teller machines, cash dispensers, and image processing and check hardware.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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