Rhumbline Advisers lowered its holdings in NCR Co. (NYSE:NCR) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,764 shares of the information technology services provider’s stock after selling 11,704 shares during the period. Rhumbline Advisers owned about 0.21% of NCR worth $7,999,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. grew its stake in shares of NCR by 392.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 6,400 shares of the information technology services provider’s stock worth $218,000 after purchasing an additional 5,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of NCR by 43.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock worth $223,000 after acquiring an additional 1,979 shares in the last quarter. Oakbrook Investments LLC purchased a new position in shares of NCR in the fourth quarter worth approximately $226,000. Financial Counselors Inc. increased its position in shares of NCR by 34.5% in the fourth quarter. Financial Counselors Inc. now owns 7,475 shares of the information technology services provider’s stock worth $254,000 after acquiring an additional 1,918 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of NCR in the fourth quarter worth approximately $257,000. 91.67% of the stock is currently owned by institutional investors.
NCR stock opened at $31.22 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.51 and a debt-to-equity ratio of 5.05. The company has a market cap of $3.63 billion, a P/E ratio of 9.76, a P/E/G ratio of 2.31 and a beta of 1.90. NCR Co. has a 52 week low of $30.27 and a 52 week high of $30.71.
Several research firms have recently weighed in on NCR. Oppenheimer set a $51.00 target price on shares of NCR and gave the stock a “buy” rating in a research report on Tuesday, May 1st. ValuEngine raised shares of NCR from a “strong sell” rating to a “sell” rating in a research report on Thursday. TheStreet downgraded shares of NCR from a “b-” rating to a “c” rating in a research report on Friday, February 9th. DA Davidson set a $33.00 target price on shares of NCR and gave the stock a “hold” rating in a research report on Wednesday, May 2nd. Finally, Morgan Stanley dropped their target price on shares of NCR from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. NCR currently has an average rating of “Hold” and a consensus price target of $43.57.
In related news, CEO Michael D. Hayford purchased 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The stock was acquired at an average cost of $29.28 per share, for a total transaction of $512,400.00. Following the completion of the acquisition, the chief executive officer now owns 178,014 shares in the company, valued at approximately $5,212,249.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Langenbahn sold 4,522 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.90, for a total transaction of $153,295.80. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
NCR Company Profile
NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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 applications, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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