NCR Corporation (NCR) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of NCR Corporation (NYSE:NCR) by 25.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the information technology services provider’s stock after selling 870 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NCR Corporation were worth $114,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG raised its stake in shares of NCR Corporation by 85.6% in the first quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock worth $3,520,000 after buying an additional 35,527 shares during the period. Geode Capital Management LLC raised its stake in shares of NCR Corporation by 15.9% in the first quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock worth $44,369,000 after buying an additional 133,110 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of NCR Corporation by 54.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,366,454 shares of the information technology services provider’s stock worth $62,420,000 after buying an additional 479,003 shares during the period. Globeflex Capital L P acquired a new stake in shares of NCR Corporation during the first quarter worth approximately $273,000. Finally, Neuberger Berman Group LLC raised its stake in shares of NCR Corporation by 9.1% in the first quarter. Neuberger Berman Group LLC now owns 2,698,990 shares of the information technology services provider’s stock worth $123,290,000 after buying an additional 224,002 shares during the period. Institutional investors own 87.96% of the company’s stock.

Shares of NCR Corporation (NCR) opened at 39.43 on Friday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 27.59 and a beta of 1.90. The stock has a 50 day moving average of $40.39 and a 200 day moving average of $42.81. NCR Corporation has a 1-year low of $26.21 and a 1-year high of $49.90.

NCR Corporation (NYSE:NCR) last issued its quarterly earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. NCR Corporation had a return on equity of 87.99% and a net margin of 4.90%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $0.72 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that NCR Corporation will post $3.37 EPS for the current year.

WARNING: “[[title]]” was originally published by [[site]] and is the property of of [[site]]. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at [[permalink]].

NCR has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of NCR Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Compass Point initiated coverage on shares of NCR Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target for the company. Royal Bank Of Canada restated a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Benchmark Co. initiated coverage on shares of NCR Corporation in a research note on Thursday, April 13th. They set a “buy” rating and a $55.00 price target for the company. Finally, TheStreet lowered shares of NCR Corporation from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.50.

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

NCR Corporation Company Profile

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.

Want to see what other hedge funds are holding NCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Corporation (NYSE:NCR).