Velanne Asset Management Ltd increased its stake in shares of NCR Co. (NYSE:NCR) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 254,146 shares of the information technology services provider’s stock after purchasing an additional 10,008 shares during the period. NCR makes up approximately 4.8% of Velanne Asset Management Ltd’s investment portfolio, making the stock its 10th largest position. Velanne Asset Management Ltd owned 0.21% of NCR worth $6,936,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in NCR by 10.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,787,813 shares of the information technology services provider’s stock valued at $50,792,000 after buying an additional 175,492 shares during the period. United Services Automobile Association raised its holdings in shares of NCR by 106.8% in the 3rd quarter. United Services Automobile Association now owns 38,468 shares of the information technology services provider’s stock valued at $1,093,000 after purchasing an additional 19,870 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of NCR by 14.8% in the 3rd quarter. Pacer Advisors Inc. now owns 42,195 shares of the information technology services provider’s stock valued at $1,199,000 after purchasing an additional 5,446 shares in the last quarter. Man Group plc raised its holdings in shares of NCR by 18.5% in the 3rd quarter. Man Group plc now owns 496,233 shares of the information technology services provider’s stock valued at $14,098,000 after purchasing an additional 77,333 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of NCR in the 3rd quarter valued at $4,986,000. 97.03% of the stock is owned by hedge funds and other institutional investors.
In other NCR news, SVP Adrian Button sold 3,645 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $28.53, for a total transaction of $103,991.85. Following the transaction, the senior vice president now directly owns 26,561 shares of the company’s stock, valued at approximately $757,785.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP J. Robert Ciminera sold 17,298 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $27.50, for a total transaction of $475,695.00. Following the transaction, the executive vice president now directly owns 2,495 shares in the company, valued at $68,612.50. The disclosure for this sale can be found here. Insiders have sold a total of 66,265 shares of company stock worth $1,888,380 over the last quarter. 1.00% of the stock is owned by company insiders.
NCR (NYSE:NCR) last announced its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. NCR had a negative net margin of 1.36% and a positive return on equity of 85.30%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the business earned $0.92 EPS. NCR’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that NCR Co. will post 2.79 EPS for the current year.
A number of equities research analysts have recently weighed in on NCR shares. Royal Bank of Canada upgraded shares of NCR from an “outperform” rating to a “top pick” rating and set a $40.00 price objective on the stock in a report on Tuesday, December 18th. DA Davidson upgraded shares of NCR from a “neutral” rating to a “buy” rating and raised their price objective for the company from $27.50 to $30.00 in a report on Tuesday, January 8th. JPMorgan Chase & Co. lowered shares of NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research note on Monday, March 25th. Finally, Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.00.
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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