Thompson Siegel & Walmsley Llc Increased Ncr Corporation (NYSE:NCR) Stake by $16.92 Million

August 12, 2018 - By Richard Slagle

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Thompson Siegel & Walmsley Llc increased its stake in Ncr Corporation (NYSE:NCR) by 30.75% based on its latest 2018Q2 regulatory filing with the SEC. Thompson Siegel & Walmsley Llc bought 583,282 shares as the company’s stock declined 10.90% with the market. The institutional investor held 2.48 million shares of the office equipment and supplies and services company at the end of 2018Q2, valued at $74.36 million, up from 1.90M at the end of the previous reported quarter. Thompson Siegel & Walmsley Llc who had been investing in Ncr Corporation for a number of months, seems to be bullish on the $3.30 billion market cap company. The stock decreased 3.02% or $0.87 during the last trading session, reaching $27.92. About 982,129 shares traded. NCR Corporation (NYSE:NCR) has declined 27.27% since August 13, 2017 and is downtrending. It has underperformed by 39.84% the S&P500.

Thompson Siegel & Walmsley Llc, which manages about $7.40 billion and $7.72B US Long portfolio, decreased its stake in Syneos Health Inc () by 220,086 shares to 324,039 shares, valued at $15.20 million in 2018Q2, according to the filing. It also reduced its holding in White Mountains Insurance Grou (NYSE:WTM) by 11,332 shares in the quarter, leaving it with 36,787 shares, and cut its stake in Genworth Financial Inc (NYSE:GNW).

Thompson Siegel & Walmsley Llc is a Virginia-based institutional investor with more than $7.40 billion AUM in January, 2015. Taken from Thompson Siegel & Walmsley latest Adv, the fund reported to have 65 full and part-time employees. Among which 33 performing investment advisory and research functions. The institutional investor had more than 2200 clients.

NCR Corporation (NYSE:NCR) Ratings Coverage

Among 3 analysts covering NCR (NYSE:NCR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. NCR had 4 analyst reports since May 2, 2018 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Friday, July 27. The stock of NCR Corporation (NYSE:NCR) earned “Perform” rating by Oppenheimer on Friday, July 27. The rating was maintained by DA Davidson with “Neutral” on Wednesday, May 2. The firm has “Outperform” rating by Oppenheimer given on Thursday, May 24.

NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their clients worldwide. The company has market cap of $3.30 billion. The companyÂ’s Software segment offers industry software applications and application suites for the financial services, retail, hospitality, and small business industries; and fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing digital banking applications, as well as cash management and video banking software for the financial services industry. It currently has negative earnings. It also provides electronic and mobile payment solutions, sector-specific point of sale software applications, and back-office inventory, and store and restaurant management applications for the retail and hospitality industries; and software support and maintenance, and consulting and implementation services for its software solutions.

More notable recent NCR Corporation (NYSE:NCR) news were published by: Seekingalpha.com which released: “NCR -10.3% on mixed Q2 with lowered FY18 guidance” on July 26, 2018, also Zacks.com with their article: “Will NCR be Able to Maintain its Earnings Streak in Q2?” published on July 24, 2018, Businesswire.com published: “NCR Announces New Organizational Structure and Executive Appointments to Drive Growth” on July 26, 2018. More interesting news about NCR Corporation (NYSE:NCR) were released by: Bizjournals.com and their article: “NCR names four new top execs, CFO retiring, as it addresses ‘current challenges'” published on July 27, 2018 as well as Fool.com‘s news article titled: “Here’s Why NCR Cut Its Outlook” with publication date: August 02, 2018.

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