Bbva Compass Bancshares Inc. Reduces Stake in NCR Corporation (NCR)

Bbva Compass Bancshares Inc. decreased its position in NCR Corporation (NYSE:NCR) by 6.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,012 shares of the information technology services provider’s stock after selling 610 shares during the period. Bbva Compass Bancshares Inc.’s holdings in NCR Corporation were worth $368,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FNY Partners Fund LP bought a new stake in NCR Corporation during the first quarter worth $107,000. Bronfman E.L. Rothschild L.P. boosted its stake in NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock worth $108,000 after buying an additional 124 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in NCR Corporation during the first quarter worth $114,000. James Investment Research Inc. bought a new stake in NCR Corporation during the first quarter worth $152,000. Finally, Highbridge Capital Management LLC bought a new stake in NCR Corporation during the first quarter worth $216,000. 88.01% of the stock is currently owned by hedge funds and other institutional investors.

NCR Corporation (NYSE:NCR) opened at 36.60 on Tuesday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 22.55 and a beta of 1.88. NCR Corporation has a one year low of $29.83 and a one year high of $49.90. The stock’s 50 day moving average is $40.15 and its 200-day moving average is $42.63.

NCR Corporation (NYSE:NCR) last released its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. NCR Corporation had a net margin of 4.90% and a return on equity of 87.62%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that NCR Corporation will post $3.37 earnings per share for the current fiscal year.

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A number of analysts have weighed in on NCR shares. TheStreet raised shares of NCR Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 20th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 target price on shares of NCR Corporation in a research note on Friday, July 21st. Compass Point started coverage on shares of NCR Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $48.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Finally, Zacks Investment Research raised shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.50.

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.

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Institutional Ownership by Quarter for NCR Corporation (NYSE:NCR)

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