Gabelli Funds LLC Sells 7,980 Shares of NCR Co. (NYSE:NCR)

Gabelli Funds LLC lessened its holdings in NCR Co. (NYSE:NCR) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,000 shares of the information technology services provider’s stock after selling 7,980 shares during the quarter. Gabelli Funds LLC owned 0.07% of NCR worth $2,872,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NCR. Steward Partners Investment Advisory LLC bought a new stake in NCR in the 2nd quarter valued at $26,000. CENTRAL TRUST Co boosted its stake in shares of NCR by 1,210.9% in the 3rd quarter. CENTRAL TRUST Co now owns 839 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 775 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of NCR by 998.9% in the 2nd quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 869 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of NCR in the 3rd quarter valued at $40,000. Finally, Cerebellum GP LLC acquired a new stake in shares of NCR in the 3rd quarter valued at $53,000. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on NCR shares. DA Davidson boosted their target price on shares of NCR from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Wells Fargo & Co started coverage on shares of NCR in a research note on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 target price on the stock. TheStreet upgraded shares of NCR from a “c” rating to a “b” rating in a research note on Tuesday, July 30th. Morgan Stanley boosted their target price on shares of NCR from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Benchmark set a $40.00 target price on shares of NCR and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.00.

Shares of NYSE:NCR traded up $1.44 on Friday, hitting $31.46. The stock had a trading volume of 2,374,264 shares, compared to its average volume of 956,911. NCR Co. has a twelve month low of $20.93 and a twelve month high of $35.08. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.94 and a current ratio of 1.32. The firm’s 50 day moving average price is $30.14 and its 200-day moving average price is $30.85. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 12.01 and a beta of 1.62.

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NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, November 7th. The information technology services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.62 billion. NCR had a net margin of 2.47% and a return on equity of 86.80%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, sell-side analysts predict that NCR Co. will post 2.82 EPS for the current year.

In related news, EVP J. Robert Ciminera sold 16,888 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $30.32, for a total transaction of $512,044.16. Following the transaction, the executive vice president now owns 33,278 shares in the company, valued at approximately $1,008,988.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Paul Langenbahn sold 28,833 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.42, for a total transaction of $934,765.86. Following the transaction, the vice president now owns 86,925 shares in the company, valued at approximately $2,818,108.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,175,687 shares of company stock worth $300,453,197. 1.00% of the stock is owned by corporate insiders.

NCR Company Profile

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Institutional Ownership by Quarter for NCR (NYSE:NCR)

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