NCR Co. (NCR) Major Shareholder Holdings L.P. Blackstone III Sells 3,002,753 Shares

NCR Co. (NYSE:NCR) major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $48.47, for a total transaction of $145,543,437.91. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NCR Co. (NYSE:NCR) traded down 0.07% during trading on Monday, reaching $44.50. 1,524,895 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $45.89 and a 200 day moving average price of $38.97. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 26.19 and a beta of 1.82. NCR Co. has a 12 month low of $25.20 and a 12 month high of $49.90.

NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm earned $1.80 billion during the quarter, compared to analyst estimates of $1.74 billion. NCR had a return on equity of 76.86% and a net margin of 4.13%. NCR’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, analysts forecast that NCR Co. will post $3.31 EPS for the current year.

Insider Buying and Selling by Quarter for NCR (NYSE:NCR)

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A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of NCR in a research report on Tuesday, March 14th. CIBC upgraded shares of NCR from a “market perform” rating to an “outperform” rating in a research report on Thursday. Oppenheimer Holdings Inc. upgraded shares of NCR from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Thursday. Citigroup Inc upgraded shares of NCR to an “outperform” rating and set a $51.00 target price for the company in a research report on Thursday. Finally, Zacks Investment Research lowered shares of NCR from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.17.

Institutional investors have recently bought and sold shares of the company. Washington Trust Bank raised its position in NCR by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the company’s stock valued at $101,000 after buying an additional 2,546 shares in the last quarter. Integrated Wealth Management raised its position in NCR by 13,604.3% in the third quarter. Integrated Wealth Management now owns 3,152 shares of the company’s stock valued at $101,000 after buying an additional 3,129 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in NCR during the third quarter valued at about $102,000. Riverhead Capital Management LLC raised its position in NCR by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the company’s stock valued at $142,000 after buying an additional 1,727 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in NCR by 18.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,082 shares of the company’s stock valued at $196,000 after buying an additional 933 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

NCR Company Profile

NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.

5 Day Chart for NYSE:NCR

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