Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

NCR Hits The Throttle On Its Transformation Plan

Short of a name change, it's likely going to take a long time before investors stop thinking of NCR (NYSE:NCR) primarily as a manufacturer of ATMs and retail self check-out kiosks. After all, that's what we all see on a day to day basis when we go to the bank or a store. There's a great deal more to the story, though, as NCR has invested significantly in its services and software capabilities.

With the acquisitions of Digital Insight and Alaric Systems, announced on Monday evening, NCR has significantly accelerated that transition towards a service and software-oriented company. The deals are expensive in terms of multiples, but the potential from operating synergies, cross-selling, and addressable market expansion make...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details