Recent insider trends for NCR Corporation (NYSE:NCR) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of NCR, the data has some interesting implications for where the stock might be headed.
Institutions own 91.32% of NCR Corporation (NCR)’s shares. The total value of these holdings, in millions, is $3,505. Among active positions in the latest quarter, 202 holders increased their positions by a total of 15.21 million shares, 184 holders decreased the positions by a total of 14.59 million shares, and 62 holders held their positions. This works out to a net increase in ownership of 613081 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 72 holders initiated new positions by a total of 5.28 million shares and 65 holders exited their positions by a total of 3.78 million shares. This nets out to an increase of 1.49 million shares and is a bullish sign for NCR.
In the last three months, insiders executed a total of 5 trades. 4 of these were buys and 1 were sells. Insider ownership increased by a total of 2318 shares, which suggests that NCR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 23 buys and 43 sells, and ownership decreased by a net of 125685 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. NCR Corporation (NYSE:NCR)’s short interest is 6.11 million shares, or 5.05% of the float. This represents an increase of 0% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for NCR. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NCR is a Weak sell, which implies that NCR is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that NCR Corporation (NYSE:NCR) is overvalued.