NCR CorporationNCR

Morningstar Rating

Stock Research and Analysis

by John Ayling

NCR is a leading provider of automated systems that enable businesses to efficiently interact with consumers. However, increasing competition and saturated core markets leave the firm with limited opportunities for profitable growth.

ATMs and point-of-sale Read more

Bulls Say

The Chinese market for ATMs is prime for rapid growth, and NCR is well-positioned to reap the benefits of its market-leading position.

NCR's new products, such as airline and hotel check-in kiosks and self-service check-out kiosks for retail stores, have been popular with customers and consumers. Read more

Bears Say

Financial institutions are facing lower transaction volume per ATM, compelling banks to reconsider the economics and profitability of their ATM networks.

NCR's large pension liability will limit the company's ability to return value to shareholders through share repurchases.

Diebold has a stranglehold on the domestic ATM market and could steal growth opportunities relating to Check 21 legislation. Read more

Strategy

NCR aims to increase revenues and profits by expanding sales of its mature financial services products in emerging markets and by increasing sales of self-service solutions targeted at retail customers Read more

Management

William Nuti has been the CEO of NCR since 2005 and the chairman of NCR's board since 2007. Although we disapprove of the combined chairman and CEO roles, Nuti owns about 1.2% of the firm's outstanding equity, which is sufficient to align his interests Read more

Profile

NCR designs and services automated systems that streamline interactions between businesses and consumers. The company is the largest global vendor of ATMs and also sells Read more

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