Clearline Capital Lp Lowers stake in NCR Corporation (NCR)

NCR Corporation (NCR) : Clearline Capital Lp reduced its stake in NCR Corporation by 27.45% during the most recent quarter end. The investment management company now holds a total of 635,063 shares of NCR Corporation which is valued at $24,234,004 after selling 240,250 shares in NCR Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.NCR Corporation makes up approximately 7.85% of Clearline Capital Lp’s portfolio.

Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky boosted its stake in NCR in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 26,700 shares of NCR Corporation which is valued at $1,018,872. NCR Corporation makes up approx 0.01% of Teachers Retirement System Of The State Of Kentucky’s portfolio.Finemark National Bank Trust reduced its stake in NCR by selling 78 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 1,208 shares of NCR which is valued at $43,512. O’shaughnessy Asset Management added NCR to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $1,009.Penserra Capital Management reduced its stake in NCR by selling 1,431 shares or 17.45% in the most recent quarter. The Hedge Fund company now holds 6,769 shares of NCR which is valued at $234,410. NCR Corporation makes up approx 0.03% of Penserra Capital Management’s portfolio.Nationwide Fund Advisors boosted its stake in NCR in the latest quarter, The investment management firm added 33,313 additional shares and now holds a total of 373,059 shares of NCR Corporation which is valued at $11,437,989. NCR Corporation makes up approx 0.05% of Nationwide Fund Advisors’s portfolio.

NCR Corporation closed down -0.4 points or -1.03% at $38.6 with 10,77,173 shares getting traded on Monday. Post opening the session at $39.1, the shares hit an intraday low of $38.57 and an intraday high of $39.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, NCR Corporation reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.81. The company had revenue of $1677.00 million for the quarter, compared to analysts expectations of $1627.50 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on NCR Corporation. Company shares were Reiterated by Wedbush on Oct 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .

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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