As of Thursday, NCR Corporation’s (NYSE:NCR) stock closed at $34.08, up from $34.05 the previous day. While NCR Corporation has overperformed by 0.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NCR fell by -15.24%, with highs and lows ranging from $45.92 to $27.05, whereas the simple moving average fell by -9.61% in the last 200 days.
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On November 19, 2021, Stephens started tracking NCR Corporation (NYSE: NCR) recommending Overweight. A report published by The Benchmark Company on April 28, 2021, Reiterated its previous ‘Buy’ rating for NCR. Morgan Stanley also Upgraded NCR shares as ‘Overweight’, setting a target price of $34 on the company’s shares in a report dated December 01, 2020. Stephens September 29, 2020d its ‘Equal-Weight’ rating to ‘Overweight’ for NCR, as published in its report on September 29, 2020. Oppenheimer’s report from March 18, 2020 suggests a price prediction of $20 for NCR shares, giving the stock a ‘Outperform’ rating. Standpoint Research also rated the stock as ‘Accumulate’.
Analysis of NCR Corporation (NCR)
Further, the quarter-over-quarter increase in sales is 20.90%, showing a positive trend in the upcoming months.
One of the most important indicators of NCR Corporation’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 6.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and NCR is recording 2.25M average volume. On a monthly basis, the volatility of the stock is set at 4.13%, whereas on a weekly basis, it is put at 4.13%, with a gain of 4.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.71, showing growth from the present price of $34.08, which can serve as yet another indication of whether NCR is worth investing in or should be passed over.
How Do You Analyze NCR Corporation Shares?
The Information Technology Services market is dominated by NCR Corporation (NCR) based in the USA. When comparing NCR Corporation shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 81.14, there is a growth in quarterly earnings of -241.30%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in NCR shares?
The recent increase in stakes in NCR appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in NCR has increased by 0.55% in the first quarter. The company now owns 12,458,999 shares of the stock, with a value of $387.6 million, following the purchase of 67,926 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in NCR during the first quarter, upping its stake by 0.32%. During the last quarter, the company dropped down 33,138 additional shares for a total stake of worth $324.55 million, bringing number of shares owned by the company to 10,432,238.
During the first quarter, Allspring Global Investments LLC subtracted a -567,909 position in NCR. River Road Asset Management LLC sold an additional -2.27 million shares in the last quarter, decreasing its holdings by -30.64%, now holding 5.15 million shares worth $160.18 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its NCR holdings by 8.27% and now holds 4.89 million NCR shares valued at $152.17 million with the added 0.37 million shares during the period. NCR shares are owned by institutional investors to the tune of 91.40% at present.
