Phocas Financial Corp. buys $25,236,266 stake in NCR Corporation (NCR)

NCR Corporation (NCR) : Phocas Financial Corp. scooped up 24,371 additional shares in NCR Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 761,275 shares of NCR Corporation which is valued at $25,236,266.NCR Corporation makes up approximately 1.75% of Phocas Financial Corp.’s portfolio.

Other Hedge Funds, Including , Jefferies Group added NCR to its portfolio by purchasing 5,963 company shares during the most recent quarter which is valued at $197,673. NCR Corporation makes up approx 0.01% of Jefferies Group’s portfolio.State Of Wisconsin Investment Board boosted its stake in NCR in the latest quarter, The investment management firm added 23,200 additional shares and now holds a total of 223,497 shares of NCR Corporation which is valued at $7,408,926. NCR Corporation makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio. Calvert Investment Management sold out all of its stake in NCR during the most recent quarter. The investment firm sold 8,100 shares of NCR which is valued $264,708.Country Club Trust Company N.a. reduced its stake in NCR by selling 985 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 132,835 shares of NCR which is valued at $4,160,392. NCR Corporation makes up approx 0.59% of Country Club Trust Company N.a.’s portfolio.

NCR Corporation opened for trading at $33.94 and hit $34.25 on the upside on Thursday, eventually ending the session at $34.05, with a gain of 0.59% or 0.2 points. The heightened volatility saw the trading volume jump to 4,82,419 shares. Company has a market cap of $4,215 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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