Skyline Asset Management LP Has $9.08 Million Stake in NCR Co. (NYSE:NCR)

Skyline Asset Management LP trimmed its stake in shares of NCR Co. (NYSE:NCR) by 31.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,600 shares of the information technology services provider’s stock after selling 151,900 shares during the period. Skyline Asset Management LP owned about 0.28% of NCR worth $9,077,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lyrical Asset Management LP raised its position in shares of NCR by 1.0% in the 3rd quarter. Lyrical Asset Management LP now owns 4,861,781 shares of the information technology services provider’s stock valued at $138,123,000 after buying an additional 46,842 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of NCR by 3.3% in the 4th quarter. Victory Capital Management Inc. now owns 3,200,176 shares of the information technology services provider’s stock valued at $73,860,000 after buying an additional 101,970 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of NCR by 13.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,037,103 shares of the information technology services provider’s stock valued at $47,016,000 after buying an additional 249,290 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of NCR by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,941,497 shares of the information technology services provider’s stock valued at $44,810,000 after buying an additional 33,711 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of NCR by 9.0% in the 4th quarter. Macquarie Group Ltd. now owns 1,722,792 shares of the information technology services provider’s stock valued at $39,762,000 after buying an additional 142,250 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of NCR from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. cut shares of NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Monday, March 25th. Finally, DA Davidson upgraded shares of NCR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $27.50 to $30.00 in a research report 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 given a strong buy rating to the company. NCR currently has a consensus rating of “Buy” and an average price target of $35.00.

NYSE:NCR opened at $28.94 on Friday. 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 Co. has a 52 week low of $20.93 and a 52 week high of $32.29. The firm has a market capitalization of $3.54 billion, a PE ratio of 11.05, a PEG ratio of 2.67 and a beta of 1.94.

NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $0.84 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that NCR Co. will post 2.79 earnings per share for the current year.

In related news, SVP Adrian Button sold 4,690 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $29.10, for a total transaction of $136,479.00. Following the transaction, the senior vice president now owns 29,412 shares in the company, valued at approximately $855,889.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J. Robert Ciminera sold 34,941 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $28.94, for a total transaction of $1,011,192.54. Following the transaction, the executive vice president now owns 11,876 shares in the company, valued at approximately $343,691.44. 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 in the last quarter. 1.00% of the stock is owned by corporate insiders.

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NCR 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.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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