NCR Co. (NYSE:NCR) EVP James Bedore Sells 2,707 Shares

NCR Co. (NYSE:NCR) EVP James Bedore sold 2,707 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $32.45, for a total value of $87,842.15. Following the completion of the sale, the executive vice president now owns 48,700 shares of the company’s stock, valued at $1,580,315. The sale was disclosed in a filing with the SEC, which is available at this link.

NYSE:NCR traded up $0.37 on Wednesday, reaching $32.35. The stock had a trading volume of 736,088 shares, compared to its average volume of 958,919. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 5.20. The company has a 50-day moving average of $31.31 and a 200 day moving average of $31.25. The stock has a market cap of $4.19 billion, a P/E ratio of 12.35 and a beta of 1.64. NCR Co. has a 12-month low of $20.93 and a 12-month high of $35.08.

NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, November 7th. The information technology services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.62 billion. NCR had a net margin of 1.30% and a return on equity of 79.96%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. On average, equities analysts predict that NCR Co. will post 2.8 EPS for the current year.

Large investors have recently bought and sold shares of the business. CENTRAL TRUST Co boosted its position in 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 buying an additional 775 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in NCR in the 2nd quarter valued at about $26,000. AdvisorNet Financial Inc purchased a new position in NCR in the 3rd quarter valued at about $40,000. Cerebellum GP LLC purchased a new position in NCR in the 3rd quarter valued at about $53,000. Finally, Meeder Asset Management Inc. purchased a new position in NCR in the 2nd quarter valued at about $65,000. 92.00% of the stock is owned by institutional investors.

Several analysts recently issued reports on the company. TheStreet downgraded NCR from a “b-” rating to a “c” rating in a report on Friday, November 8th. ValuEngine downgraded NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Morgan Stanley reiterated a “hold” rating and issued a $31.00 price target on shares of NCR in a report on Sunday, September 22nd. DA Davidson increased their price target on NCR from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Co assumed coverage on NCR in a report on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.63.

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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