Northern Trust Corp increased its holdings in shares of NCR Co. (NYSE:NCR) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 957,410 shares of the information technology services provider’s stock after acquiring an additional 10,425 shares during the quarter. Northern Trust Corp owned approximately 0.81% of NCR worth $22,096,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in NCR. Blueshift Asset Management LLC acquired a new position in NCR in the 4th quarter worth approximately $746,000. AlphaOne Investment Services LLC boosted its stake in NCR by 33.8% in the 4th quarter. AlphaOne Investment Services LLC now owns 2,888 shares of the information technology services provider’s stock worth $67,000 after purchasing an additional 730 shares during the period. State of Tennessee Treasury Department lifted its position in NCR by 6.8% in the 4th quarter. State of Tennessee Treasury Department now owns 229,443 shares of the information technology services provider’s stock worth $5,296,000 after buying an additional 14,561 shares in the last quarter. Advisor Group Inc. lifted its position in NCR by 30.4% in the 4th quarter. Advisor Group Inc. now owns 2,875 shares of the information technology services provider’s stock worth $66,000 after buying an additional 670 shares in the last quarter. Finally, Royce & Associates LP lifted its position in NCR by 21.7% in the 4th quarter. Royce & Associates LP now owns 471,214 shares of the information technology services provider’s stock worth $10,876,000 after buying an additional 83,885 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.
NYSE NCR traded down $0.42 during midday trading on Wednesday, hitting $29.36. The company had a trading volume of 507,200 shares, compared to its average volume of 850,244. The company has a debt-to-equity ratio of 7.47, a current ratio of 1.32 and a quick ratio of 0.97. NCR Co. has a fifty-two week low of $20.93 and a fifty-two week high of $32.29. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 2.65 and a beta of 1.94.
A number of equities research analysts have issued reports on NCR shares. DA Davidson upgraded shares of NCR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $27.50 to $30.00 in a research report on Tuesday, January 8th. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, JPMorgan Chase & Co. downgraded shares of NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price target on the stock. in a report on Monday, March 25th. Five analysts have rated the stock with 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 a consensus rating of “Buy” and an average target price of $35.00.
In other NCR news, EVP J. Robert Ciminera sold 17,298 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $27.50, for a total value of $475,695.00. Following the completion of the transaction, the executive vice president now directly owns 2,495 shares of the company’s stock, valued at $68,612.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Adrian Button sold 3,645 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $28.53, for a total transaction of $103,991.85. Following the completion of the transaction, the senior vice president now directly owns 26,561 shares of the company’s stock, valued at $757,785.33. The disclosure for this sale can be found here. Insiders have sold a total of 66,265 shares of company stock valued at $1,888,380 over the last three months. 1.00% of the stock is currently owned by insiders.
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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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