NCR (NYSE:NCR) Lowered to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of NCR (NYSE:NCRGet Rating) from an overweight rating to an equal weight rating in a report issued on Monday, MarketBeat.com reports. They currently have $27.00 price target on the information technology services provider’s stock, down from their previous price target of $38.00.

Separately, Stephens dropped their price objective on shares of NCR to $38.00 in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $36.33.

NCR Price Performance

Shares of NYSE NCR opened at $23.13 on Monday. NCR has a 1 year low of $21.64 and a 1 year high of $45.92. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 0.78. The company’s 50-day moving average is $31.52 and its 200 day moving average is $34.05. The stock has a market capitalization of $3.17 billion, a P/E ratio of 49.21 and a beta of 1.51.

NCR (NYSE:NCRGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. NCR had a net margin of 1.06% and a return on equity of 26.93%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. NCR’s quarterly revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts expect that NCR will post 2.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bridgewater Advisors Inc. lifted its stake in shares of NCR by 0.9% in the second quarter. Bridgewater Advisors Inc. now owns 33,743 shares of the information technology services provider’s stock worth $1,050,000 after buying an additional 305 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of NCR by 0.9% in the first quarter. Arizona State Retirement System now owns 35,682 shares of the information technology services provider’s stock worth $1,434,000 after buying an additional 316 shares in the last quarter. CWM LLC lifted its stake in shares of NCR by 32.0% in the second quarter. CWM LLC now owns 1,403 shares of the information technology services provider’s stock worth $44,000 after buying an additional 340 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of NCR by 4.3% in the first quarter. Captrust Financial Advisors now owns 8,202 shares of the information technology services provider’s stock worth $330,000 after buying an additional 340 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of NCR by 59.7% in the first quarter. Allworth Financial LP now owns 936 shares of the information technology services provider’s stock worth $38,000 after buying an additional 350 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

About NCR

(Get Rating)

NCR Corporation provides various software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.

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