Minneapolis Portfolio Management Group Lowers stake in NCR Corporation (NCR)

NCR Corporation (NCR) : Minneapolis Portfolio Management Group reduced its stake in NCR Corporation by 30.48% during the most recent quarter end. The investment management company now holds a total of 848,985 shares of NCR Corporation which is valued at $27,524,094 after selling 372,149 shares in NCR Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.NCR Corporation makes up approximately 4.72% of Minneapolis Portfolio Management Group’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in NCR by selling 28,847 shares or 9.94% in the most recent quarter. The Hedge Fund company now holds 261,337 shares of NCR which is valued at $8,472,546. NCR Corporation makes up approx 0.02% of California State Teachers Retirement System’s portfolio. Chicago Equity Partners added NCR to its portfolio by purchasing 164,630 company shares during the most recent quarter which is valued at $5,427,851. NCR Corporation makes up approx 0.15% of Chicago Equity Partners’s portfolio.First Quadrant L Pca reduced its stake in NCR by selling 256,800 shares or 78.44% in the most recent quarter. The Hedge Fund company now holds 70,600 shares of NCR which is valued at $2,216,134. NCR Corporation makes up approx 0.05% of First Quadrant L Pca’s portfolio.

NCR Corporation closed down -0.05 points or -0.15% at $32.37 with 7,01,604 shares getting traded on Thursday. Post opening the session at $32.4, the shares hit an intraday low of $32.32 and an intraday high of $32.85 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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