Vise Technologies Inc. Takes Position in NCR Co. (NYSE:NCR)

Vise Technologies Inc. acquired a new position in NCR Co. (NYSE:NCR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,188 shares of the information technology services provider's stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of NCR by 17.0% during the first quarter. American Century Companies Inc. now owns 14,020 shares of the information technology services provider's stock worth $563,000 after acquiring an additional 2,038 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of NCR during the first quarter worth $224,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of NCR during the first quarter worth $744,000. MetLife Investment Management LLC increased its position in shares of NCR by 36.3% in the 1st quarter. MetLife Investment Management LLC now owns 87,213 shares of the information technology services provider's stock valued at $3,505,000 after acquiring an additional 23,245 shares during the period. Finally, Rhumbline Advisers raised its stake in NCR by 1.0% in the 1st quarter. Rhumbline Advisers now owns 380,886 shares of the information technology services provider's stock worth $15,308,000 after acquiring an additional 3,867 shares during the last quarter. 89.38% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NCR opened at $29.71 on Tuesday. The firm has a market capitalization of $4.19 billion, a P/E ratio of 64.59 and a beta of 1.66. The stock has a 50-day simple moving average of $26.58 and a two-hundred day simple moving average of $24.79. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.84 and a current ratio of 1.11. NCR Co. has a fifty-two week low of $18.06 and a fifty-two week high of $34.24.

NCR (NYSE:NCR - Get Free Report) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.63 by $0.31. NCR had a return on equity of 25.41% and a net margin of 1.03%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.71 earnings per share. NCR's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts forecast that NCR Co. will post 2.6 earnings per share for the current year.

Several analysts have weighed in on the company. DA Davidson boosted their price target on NCR from $37.00 to $40.00 in a research note on Monday, August 7th. StockNews.com started coverage on NCR in a research report on Sunday. They issued a "buy" rating on the stock.

Check Out Our Latest Stock Report on NCR

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.

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