Advisory Services Network adds NCR Corporation (NCR) to its portfolio

NCR Corporation (NCR) : Advisory Services Network added new position in NCR Corporation during the most recent quarter end. The investment management firm now holds 24,063 shares of NCR Corporation which is valued at $768,813 , the company said in a statement filed on Oct 7, 2016 with the SEC.NCR Corporation makes up approximately 0.15% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in NCR during the most recent quarter. The investment firm sold 6,567 shares of NCR which is valued $209,816.Bnp Paribas Arbitrage Sa reduced its stake in NCR by selling 48,725 shares or 67.59% in the most recent quarter. The Hedge Fund company now holds 23,359 shares of NCR which is valued at $748,422.Eqis Capital Management boosted its stake in NCR in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 14,403 shares of NCR Corporation which is valued at $461,472. NCR Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in NCR in the latest quarter, The investment management firm added 2,546 additional shares and now holds a total of 3,151 shares of NCR Corporation which is valued at $100,958. NCR Corporation makes up approx 0.02% of Washington Trust Bank’s portfolio.

NCR Corporation closed down -0.47 points or -1.45% at $31.95 with 6,29,798 shares getting traded on Friday. Post opening the session at $32.5, the shares hit an intraday low of $31.745 and an intraday high of $32.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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