NCR Co. (NYSE:NCR) is Velanne Asset Management Ltd’s 10th Largest Position

Velanne Asset Management Ltd lifted its stake in NCR Co. (NYSE:NCR) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 accounts for about 4.8% of Velanne Asset Management Ltd’s investment portfolio, making the stock its 10th biggest holding. Velanne Asset Management Ltd owned about 0.21% of NCR worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of NCR. Penserra Capital Management LLC purchased a new stake in shares of NCR in the 4th quarter worth about $29,000. Quantamental Technologies LLC purchased a new position in NCR during the 4th quarter valued at about $32,000. First Hawaiian Bank lifted its position in NCR by 142.7% during the 4th quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 969 shares during the period. Valeo Financial Advisors LLC lifted its position in NCR by 8,481.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,802 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 1,781 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in NCR by 2,208.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,077,605 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 1,030,915 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Adrian Button sold 3,971 shares of NCR stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $28.56, for a total value of $113,411.76. Following the completion of the sale, the senior vice president now directly owns 22,590 shares in the company, valued at $645,170.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J. Robert Ciminera sold 5,430 shares of NCR stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $28.58, for a total transaction of $155,189.40. The disclosure for this sale can be found here. Insiders sold 55,391 shares of company stock valued at $1,596,604 over the last quarter. Company insiders own 1.00% of the company’s stock.

A number of research analysts recently issued reports on NCR shares. Zacks Investment Research raised shares of NCR from a “hold” rating to a “buy” rating and set a $32.00 price target 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 target for the company. in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.00.

NCR stock traded down $0.31 during trading hours on Thursday, hitting $31.31. The stock had a trading volume of 1,087,643 shares, compared to its average volume of 910,723. The company has a debt-to-equity ratio of 7.47, a quick ratio of 0.97 and a current ratio of 1.32. The stock has a market capitalization of $3.49 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 2.60 and a beta of 1.94. NCR Co. has a 12-month low of $20.93 and a 12-month high of $33.00.

NCR (NYSE:NCR) last issued its earnings results on Tuesday, May 7th. The information technology services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. NCR had a negative net margin of 1.36% and a positive return on equity of 85.30%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that NCR Co. will post 2.79 EPS for the current fiscal year.

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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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