According to the New York State Common Retirement Fund’s most recent Form 13F filing with the Securities and Exchange Commission, the fund’s holdings in NCR Company (NYSE: NCR) were reduced by 0.8% during the third quarter.
This information was provided in the context of the fund’s quarterly report (SEC).
As a result of the sale of 4,295 shares during the period under review, the total number of shares held by the fund in the common stock of the provider of information technology services is now 560,901.
According to the most recent information that New York State Common Retirement Fund provided to the Securities and Exchange Commission, the organization owned approximately 0.41% of NCR at a value of $10,663,000 at the end of the reporting period. (SEC).
The following are examples of recent transactions involving other hedge funds that bought and sold NCR shares:
During the first three months of this year, Vanguard Group INC increased the percentage of NCR holdings by 0.5 percent. Vanguard Group INC increased its stake in the information technology services provider by 58,418 shares during the most recent fiscal quarter, bringing the total number of shares it owns to 12,636,852.
This stock is currently valued at a total of 507,875,000 dollars.
During the second quarter, State Street Corporation made a 0.5 percent adjustment to the proportion of NCR stock that it owned. State Street Corp. now owns 4,913,613 shares of the information technology services provider’s stock, which has a current market value of $152,863,000 after purchasing an additional 22,263 shares during the period in question.
During the second quarter, FMR LLC increased its holding of NCR by 5.8 percentage points. FMR LLC now has a total of 4,290,556 shares of the stock of the information technology services provider after purchasing an additional 236,400 shares during the most recent quarter.
The value of these shares on the market as of right now is $133,479,000.
In the second quarter, Clearbridge Investments LLC expanded its portfolio of holdings by purchasing an additional 2.4% of NCR shares. Clearbridge Investments LLC has a total of 2,751,303 shares of the company, which has a market cap of $85,593,000, following the purchase of an additional 64,816 shares during the most recent period.
The market cap for the company is currently $85,593,000.
And finally, during the first quarter of this year, Capital Research Global Investors was able to amass 103.4% more NCR stock than it did at the beginning of the year. Capital Research Global Investors now has a total of 2,449,150 shares of the company’s stock after purchasing an additional 1,245,050 shares during the most recent quarter.
This gives the company a market cap of $98.431 million.
The vast majority of the company’s shares are held by institutional investors and hedge funds to the tune of 92.99%.
There have been several analysts who, when asked their opinions on the stock, provided their perspectives.
Morgan Stanley changed its recommendation on the stock from “equal weight” to “overweight” in a research report that was made public on Wednesday.
Additionally, the firm raised its price objective on NCR shares from $24.00 to $25.00. Stephens increased their price target on NCR from $28.00 to $32.00 in a report on the company’s investment strategy published on Thursday, December 8th.
In addition to that, the company gave the stock an “overweight” rating. NCR was the subject of a report that StockNews.com disseminated to its readers on October 12th, which took place on Wednesday.
They recommended that shareholders “hold” their shares of the company.
DA Davidson stated that they would be reducing their price objective on NCR from $45.00 to $35.00 in a research report published on Thursday, October 27th.
When trading started on Thursday, the price of an individual share of NCR stock was $27.56.
A debt-to-equity ratio comes in at 3.88; a quick ratio comes in at 0.85; a current ratio comes in at 1.15; and a quick ratio comes in at 0.85.
The company’s market capitalization is currently sitting at $3.79 billion, its price-to-earnings ratio stands at 95.04, and its beta stands at 1.68.
The company’s moving average price over the previous 50 days is $24.83, and the moving average price over the previous 200 days is $25.39. NCR Company’s low point over the past 52 weeks is $18.06, while the company’s high point over the past 52 weeks is $44.59.
The results of the most recent quarterly financial report for NCR (NYSE: NCR) were made public on February 7th, a Tuesday.
The company that specializes in providing services related to information technology reported earnings per share for the quarter of $0.79, which fell short of the average forecast of $0.80 by $0.05. Synology reported earnings per share of $0.79 for the quarter, falling $0.05 short of the average forecast of $0.80.nology reported earnings per share of $0.79 for the quarter, falling $0.05 short of the average forecast of $0.80.NCR successfully generated a return on equity of 26.65% and a net margin of 0.76% during the period under review. Sales for the company came in at $2.01 billion at the end of the reporting period, which was significantly higher than the $1.99 billion that analysts anticipated it would bring in for the period.
The company reported a profit of $0.76 per share for the quarter, compared to the results it achieved during the same period the year before.
The revenue for the company’s most recent quarter was down 1.2% when measured against the results for the same quarter from the previous year. NCR Company is expected to generate earnings of 2.95 cents per share during the current fiscal year, as stated by projections made by industry professionals.
For NCR Corporation, consumer transaction solutions are an area of expertise that develops, manufactures, and markets these products.
It is active in the retail sector, the banking industry, the hotel management industry, and the technological and telecommunications industries.
The financial services sector benefits from the provision of services, in addition to hardware and software, from the banking industry.
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