According to the most recent Form 13F that the company has filed with the Securities and Exchange Commission, Strs Ohio increased its holdings in NCR Co. (NYSE: NCR) by 16.1% during the third quarter. The institutional investor’s portfolio currently contains 34,564 shares of the information technology services company following the acquisition of an additional 4,801 shares over time. Strs Ohio stated that its holdings in the NCR amounted to $657,000. This information was included in the most recent report that the company submitted to the SEC.
Other institutional investors have also adjusted the proportion of the business they own now; these adjustments were made in light of recent events. In the second quarter of 2018, SeaCrest Wealth Management LLC invested $37,000 to acquire NCR stock. This purchase was made during the period. Focused Wealth Management Inc. acquired a further investment in NCR shares with a value of $38,000 during the third quarter. In the third quarter of 2018, Wipfli Financial Advisors LLC spent $38,000 purchasing NCR stock. This transaction took place in the third quarter of 2018. Ronald Blue Trust Inc. made a brand new investment in NCR shares in the amount of $40,000 during the second quarter of the fiscal year. CWM LLC brought its total shareholding in NCR up to 100% after increasing its stake in the company by 32.0% during the second quarter. CWM LLC now has 1,403 shares of the company’s stock, with a market cap of $44,000. This is because the company purchased an additional 340 shares during the most recent quarter. The stock is owned by hedge funds and other institutional investors for 92.99% of its total value. Other institutional investors make up the remaining 0.71%.
Recently, several analysts released research that they had recently published on the company’s stock, which was released recently.
Morgan Stanley announced on October 17, in a research report that was made public, that they would be lowering their price objective for NCR shares from $27.00 to $24.00. In addition to that, they ranked the stock as “equal weight,” which is a neutral rating. StockNews.com began providing coverage of NCR shares by publishing a report on that website on October 12. They advised their clients to “hold” the stock moving forward. In a report made public on October 27, DA Davidson announced that the price target they had established for NCR shares would be decreased from $45.00 to $35.00. Last but not least, in a research report released on Thursday, December 8, Stephens raised their price target on NCR shares from $28.00 to $32.00 and rated the company as “overweight.”
NCR has a debt-to-equity ratio of 3.88, a current ratio of 1.15, and a quick ratio of 0.85. These are all financial ratios. NCR’s share price opened Wednesday’s trading session at $25.65, where it remained throughout the day. During the previous year, the NCR Company saw its stock price range from a low of $18.06 to a high of $44.59 at various points. The cost of one share of the stock has averaged $23.41 over the most recent fifty trading days, while over the most recent two hundred trading days, it has averaged $25.73. The company’s market capitalization is $3.52 billion, and it has a price-to-earnings ratio of 29.48. Additionally, its beta value is 1.66.
The most recent earnings report for NCR, which is traded on the NYSE under the symbol NCR, was released on October 25. The company is now in first place after reporting earnings per share for the quarter of $0.80, which is $0.02 more than the consensus expectation of $0.78, and puts the company ahead of the competition. NCR achieved a return on equity of 27.28%, and its net margin was 1.78% during this period. The company’s quarterly sales came in at $1.97 billion, significantly less than the $2 billion anticipated by industry experts as the company’s sales for the period. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $0.69. The revenue for the quarter saw a 3.7% year-over-year increase compared to the same period the previous year. According to projections made by market analysts, earnings per share for the NCR Company are expected to come in at $2.59 for the current fiscal year.
According to recent information, on November 9, Director Joseph E. Reece purchased 5,000 shares of the company’s stock. The company reported this purchase. The price of buying each share was, on average, $20.82, which resulted in the total amount spent for the acquisition of the stock being $104,100.00. After the completion of the transaction, the director is now the owner of 23,018 shares in the company. Based on the current stock price, this gives the director a total wealth of $479,234.76. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. According to recent information, on November 9, Director Joseph E. Reece purchased 5,000 shares of the company’s stock. The company reported this purchase. The price of buying each share was, on average, $20.82, which resulted in the total amount spent for the acquisition of the stock being $104,100.00. After the completion of the transaction, the director is now the owner of 23,018 shares in the company. Based on the current stock price, this gives the director a total wealth of $479,234.76. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.
On top of that, Executive Vice President Adrian Button sold 13,000 of the company’s shares of stock on October 28. The stock was traded for a total value of $264,940.00, with the average price per share coming in at $20.38. This resulted in revenue for the company. The current value of the executive vice president’s holdings in the company is determined to be 906,217.08 dollars, and he or she currently possesses a total of 44,466 shares. The disclosure about the purchase can be found in this particular location. The company’s current management and employees collectively own 7.10% of the company’s shares.
The NCR Corporation operates globally and serves a wide range of business sectors as a provider of software and services. It is active in several industries, including banking, retail, hotel, and technology, among others the hotel and telecommunications industries. Financial institutions, such as banks, can use the company’s managed services and ATM-as-a-Service. Because of this, banks can manage their entire ATM infrastructure, including software, services, and hardware. In addition, the company provides customers of financial institutions with digital banking solutions to meet their needs.