Advisory Services Network Lowers stake in NCR Corporation (NCR)

NCR Corporation (NCR) : Advisory Services Network reduced its stake in NCR Corporation by 0.04% during the most recent quarter end. The investment management company now holds a total of 51,793 shares of NCR Corporation which is valued at $1,622,157 after selling 22 shares in NCR Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.NCR Corporation makes up approximately 0.44% of Advisory Services Network’s portfolio.

NCR Corporation closed down -1.88 points or -5.98% at $29.55 with 24,10,632 shares getting traded on Wednesday. Post opening the session at $31.64, the shares hit an intraday low of $29.21 and an intraday high of $31.7492 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Reilly Financial Advisors added NCR to its portfolio by purchasing 112 company shares during the most recent quarter which is valued at $3,508.Capstone Asset Management Co reduced its stake in NCR by selling 1,490 shares or 11.67% in the most recent quarter. The Hedge Fund company now holds 11,276 shares of NCR which is valued at $341,663. NCR Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, NCR Corporation reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.33. The company had revenue of $1444.00 million for the quarter, compared to analysts expectations of $1462.50 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on NCR Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $30 .Company shares were Reiterated by RBC Capital Mkts on Mar 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 25 from a previous price target of $31 .

NCR Corporation (NCR) is a global technology company that provides products and services that enable businesses to connect interact and transact with their customers. It operates in four business segments which include Financial Services Retail Solutions Hospitality and Emerging Industries. NCR offers financial services such as a line of ATM and payment processing hardware and software; cash management and video banking software and digital banking services and related installation maintenance and managed and professional services. NCR offers technology solutions to customers in the hospitality industry. The Company offers maintenance as well as managed and professional services for third-party computer hardware provided to select manufacturers. The Company offers solutions to customers in the retail industry.

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