Twin Securities Lowers stake in NCR Corporation (NCR)

NCR Corporation (NCR) : Twin Securities reduced its stake in NCR Corporation by 95.02% during the most recent quarter end. The investment management company now holds a total of 78,590 shares of NCR Corporation which is valued at $2,605,259 after selling 1,498,341 shares in NCR Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NCR Corporation makes up approximately 0.38% of Twin Securities’s portfolio.

Other Hedge Funds, Including , Squarepoint Ops reduced its stake in NCR by selling 86,572 shares or 68.06% in the most recent quarter. The Hedge Fund company now holds 40,632 shares of NCR which is valued at $1,346,951. NCR Corporation makes up approx 0.10% of Squarepoint Ops’s portfolio. Formidable Asset Management sold out all of its stake in NCR during the most recent quarter. The investment firm sold 22 shares of NCR which is valued $729.Profund Advisors boosted its stake in NCR in the latest quarter, The investment management firm added 3,524 additional shares and now holds a total of 23,584 shares of NCR Corporation which is valued at $781,810. NCR Corporation makes up approx 0.04% of Profund Advisors’s portfolio.New York State Common Retirement Fund reduced its stake in NCR by selling 36,225 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 512,293 shares of NCR which is valued at $16,982,513. NCR Corporation makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.

NCR Corporation opened for trading at $33.94 and hit $34.25 on the upside on Thursday, eventually ending the session at $34.05, with a gain of 0.59% or 0.2 points. The heightened volatility saw the trading volume jump to 4,82,419 shares. Company has a market cap of $4,215 M.

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 Wedbush on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $20 .

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.

Leave a Reply

NCR Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on NCR Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.