The Vanguard Group, Inc. recently announced the acquisition of new stake in NCR Corporation (NYSE:NCR). The institutional investor has increased its shareholding in the Technology company by 5.53% to 13.67 million shares with purchase of 0.72 million shares. This fresh investment now brings its stake to 9.81% valued currently at $304.65 million. In addition, BlackRock Fund Advisors raised its holdings by 0.14 million to 11.52 million shares. And SSgA Funds Management, Inc. has lifted its position by 3.73% or 0.2 million shares – to 5.5 million shares.
With over 1.39 million NCR Corporation (NCR) shares trading Tuesday and a closing price of $24.53 on the day, the dollar volume was approximately $34.11 million. The shares have shown a positive half year performance of 11.80% and its price on 05/23/23 gained nearly 0.45%. Currently, there are 139.60M common shares owned by the public and among those 132.35M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for NCR have a consensus price objective of $31.88. The analysts have set the share’s price value over the next 12 months at a high of $37.00 and a low of $26.00. The average price target is 22.3% above its recent price level and an upside to the estimated low will see the stock gain 5.65% over that period. But an upside of 33.7% will see the stock hit the forecast high price target while median target price for the stock is $32.00.
Insiders at the company have transacted a total of 65 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 2,209,564 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 573,387 shares.
The top 3 mutual fund holders in NCR Corporation are Allspring Special Mid Cap Value F, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF. Allspring Special Mid Cap Value F owns 4.94 million shares of the company’s stock, all valued at over $110.06 million. iShares Core S&P Mid Cap ETF bought 11892.0 shares to see its total holdings expand to 4.31 million shares valued at over $95.99 million and representing 3.09% of the shares outstanding. Vanguard Total Stock Market ETF bought 63214.0 shares to bring its total holdings to over 4.06 million shares at a value of $90.57 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.92% of the shares outstanding.
Shares of NCR Corporation (NYSE: NCR) opened at $24.37, down -$0.05 from a prior closing price of $24.42. However, the script later moved the day high at 24.83, up 0.45%. The company’s stock has a 5-day price change of 4.56% and -6.30% over the past three months. NCR shares are trading 4.78% year to date (YTD), with the 12-month market performance down to -23.75% lower. It has a 12-month low price of $18.06 and touched a high of $35.42 over the same period. NCR has an average intraday trading volume of 1.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.67%, 9.18%, and 0.60% respectively.
Institutional ownership of NCR Corporation (NYSE: NCR) shares accounts for 95.50% of the company’s 139.60M shares outstanding. Mutual fund holders own 44.42%, while other institutional holders and individual stakeholders account for 48.59% and 17.88% respectively.
It has a market capitalization of $3.49B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 38.39, while the earnings-per-share (ttm) stands at $0.64. The company has a PEG of 9.60 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 3.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.04% over the week and 3.08% over the month.
Analysts forecast that NCR Corporation (NCR) will achieve an EPS of $NovoCure Limited for the current quarter, $80.38 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $NCR Corporation while analysts give the company a high EPS estimate of $NVR, Inc. Comparatively, EPS for the current quarter was $Nabors Industries Ltd. a year ago. Earnings per share for the fiscal year are expected to decrease by -41.70%, and 10.20% over the next financial year. EPS should grow at an annualized rate of 4.00% over the next five years, compared to -30.10% over the past 5-year period.
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