Billionaire Ken Griffin Is Selling These 5 Stocks In 2022

4. NCR Corporation (NYSE:NCR)

Number Of Hedge Fund Holders: 37

NCR Corporation (NYSE:NCR), previously known as National Cash Register, is an American software, consulting and technology company providing several professional services and electronic products.

Earlier this April, RBC Capital analyst Daniel Perlin lowered the price target on NCR Corporation (NYSE:NCR) to $44 from $54 but maintained an Outperform rating on the shares. In a research note to investors, Perlin states that the company’s Q1 results were “sharply below forecasts”, particularly as a result of disappointing hardware revenue and cost inflation. However, he believes that the stock can re-rate higher as it continues to pivot to higher growth recurring revenues.

NCR Corporation (NYSE:NCR) reported its Q1 results on April 26, posting earnings per share of $0.33, missing consensus estimates by $0.30. Additionally, the company’s revenue of $1.87 billion fell short of analysts’ predictions by $62.65 million.

According to Insider Monkey’s Q1 data, 36 hedge funds were bullish on NCR Corporation (NYSE:NCR), the same as the earlier quarter. Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Point72 Asset Management is a leading shareholder in NCR Corporation (NYSE:NCR), with 2.8 million shares worth more than $111 million.