ICM Asset Management Inc. WA Buys New Holdings in NCR Co. (NCR)

ICM Asset Management Inc. WA bought a new stake in NCR Co. (NYSE:NCR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 107,370 shares of the information technology services provider’s stock, valued at approximately $2,930,000. NCR comprises approximately 2.3% of ICM Asset Management Inc. WA’s holdings, making the stock its 14th largest holding. ICM Asset Management Inc. WA owned 0.09% of NCR at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NCR. Penserra Capital Management LLC bought a new position in shares of NCR during the 4th quarter worth approximately $29,000. Quantamental Technologies LLC bought a new stake in shares of NCR during the fourth quarter worth about $32,000. First Hawaiian Bank grew its holdings in shares of NCR by 142.7% during the fourth quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 969 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of NCR by 8,481.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,802 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 1,781 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of NCR by 2,208.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,077,605 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 1,030,915 shares during the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Adrian Button sold 4,690 shares of NCR stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $29.10, for a total value of $136,479.00. Following the completion of the transaction, the senior vice president now owns 29,412 shares in the company, valued at $855,889.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J. Robert Ciminera sold 17,298 shares of NCR stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $27.50, for a total transaction of $475,695.00. Following the completion of the transaction, the executive vice president now owns 2,495 shares of the company’s stock, valued at approximately $68,612.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,265 shares of company stock valued at $1,888,380. 1.00% of the stock is owned by company insiders.

Shares of NCR stock traded up $0.27 on Monday, reaching $29.23. The company’s stock had a trading volume of 371,160 shares, compared to its average volume of 873,213. The firm has a market cap of $3.44 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.59 and a beta of 1.94. NCR Co. has a 1 year low of $20.93 and a 1 year high of $32.46. The company has a debt-to-equity ratio of 7.47, a quick ratio of 0.97 and a current ratio of 1.32.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. NCR had a positive return on equity of 85.30% and a negative net margin of 1.36%. NCR’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, equities analysts predict that NCR Co. will post 2.79 EPS for the current year.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price target for the company. in a report on Monday, March 25th. Zacks Investment Research raised shares of NCR from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, April 10th. Royal Bank of Canada upgraded shares of NCR from an “outperform” rating to a “top pick” rating and set a $40.00 target price on the stock in a research note on Tuesday, December 18th. Finally, DA Davidson upgraded shares of NCR from a “neutral” rating to a “buy” rating and upped their target price for the company from $27.50 to $30.00 in a research note on Tuesday, January 8th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NCR presently has a consensus rating of “Buy” and an average target price of $35.00.

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About 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.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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