First Quadrant L P CA Has $32.52 Million Position in NCR Corporation (NCR)

First Quadrant L P CA cut its position in shares of NCR Corporation (NYSE:NCR) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 796,362 shares of the information technology services provider’s stock after selling 25,574 shares during the period. NCR Corporation accounts for about 0.7% of First Quadrant L P CA’s holdings, making the stock its 23rd largest position. First Quadrant L P CA owned 0.66% of NCR Corporation worth $32,523,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. increased its stake in NCR Corporation by 0.9% in the first quarter. North Star Investment Management Corp. now owns 6,181 shares of the information technology services provider’s stock worth $282,000 after buying an additional 55 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of NCR Corporation by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 21,473 shares of the information technology services provider’s stock valued at $981,000 after buying an additional 86 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock valued at $108,000 after buying an additional 124 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NCR Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,223 shares of the information technology services provider’s stock valued at $330,000 after buying an additional 130 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of NCR Corporation by 0.3% in the first quarter. Stifel Financial Corp now owns 69,335 shares of the information technology services provider’s stock valued at $3,172,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

NCR Corporation (NYSE NCR) traded up 2.34% during trading on Wednesday, reaching $42.02. The company had a trading volume of 405,562 shares. NCR Corporation has a 52-week low of $26.21 and a 52-week high of $49.90. The company has a 50-day moving average price of $40.19 and a 200 day moving average price of $42.81. The stock has a market cap of $5.10 billion, a PE ratio of 29.41 and a beta of 1.90.

NCR Corporation (NYSE:NCR) last released its earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, analysts anticipate that NCR Corporation will post $3.37 earnings per share for the current year.

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Several equities analysts recently issued reports on the company. Compass Point assumed coverage on NCR Corporation in a report on Tuesday. They set a “buy” rating and a $48.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NCR Corporation in a report on Sunday. Zacks Investment Research cut NCR Corporation from a “buy” rating to a “sell” rating in a report on Wednesday, June 21st. TheStreet cut NCR Corporation from a “b” rating to a “c+” rating in a report on Thursday, April 20th. Finally, Benchmark Co. started coverage on NCR Corporation in a report on Thursday, April 13th. They set a “buy” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.50.

In other news, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the completion of the sale, the executive vice president now owns 9,888 shares in the company, valued at $420,042.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

About NCR Corporation

NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.

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