Lapides Asset Management Lowers stake in NCR Corporation (NCR)

NCR Corporation (NCR) : Lapides Asset Management reduced its stake in NCR Corporation by 17.07% during the most recent quarter end. The investment management company now holds a total of 664,280 shares of NCR Corporation which is valued at $22,220,166 after selling 136,700 shares in NCR Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.NCR Corporation makes up approximately 3.65% of Lapides Asset Management’s portfolio.

Other Hedge Funds, Including , Central Trust Co reduced its stake in NCR by selling 59 shares or 27.83% in the most recent quarter. The Hedge Fund company now holds 153 shares of NCR which is valued at $5,118.Neuberger Berman Group reduced its stake in NCR by selling 108,080 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 2,963,641 shares of NCR which is valued at $96,851,788. NCR Corporation makes up approx 0.13% of Neuberger Berman Group’s portfolio.Commonwealth Equity Services Inc reduced its stake in NCR by selling 16,728 shares or 23.58% in the most recent quarter. The Hedge Fund company now holds 54,214 shares of NCR which is valued at $1,771,714. NCR Corporation makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Eqis Capital Management reduced its stake in NCR by selling 4,793 shares or 25.06% in the most recent quarter. The Hedge Fund company now holds 14,336 shares of NCR which is valued at $438,968. NCR Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.

NCR Corporation opened for trading at $33.38 and hit $33.77 on the upside on Monday, eventually ending the session at $33.48, with a gain of 1.00% or 0.33 points. The heightened volatility saw the trading volume jump to 8,33,844 shares. Company has a market cap of $4,145 M.

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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