AlphaQuest LLC Makes New $515,000 Investment in NCR Atleos Corporation $NATL

AlphaQuest LLC acquired a new stake in shares of NCR Atleos Corporation (NYSE:NATL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,095 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds have also modified their holdings of the stock. Arizona State Retirement System lifted its position in shares of NCR Atleos by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock worth $854,000 after buying an additional 318 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in NCR Atleos by 1.1% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock worth $993,000 after acquiring an additional 370 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of NCR Atleos by 27.8% during the third quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock valued at $68,000 after acquiring an additional 374 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of NCR Atleos by 60.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of NCR Atleos by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock valued at $3,297,000 after purchasing an additional 397 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NCR Atleos in a research report on Thursday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of NCR Atleos in a report on Friday, November 7th. Finally, Wall Street Zen cut shares of NCR Atleos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.00.

NCR Atleos Trading Down 0.2%

NATL opened at $38.35 on Friday. NCR Atleos Corporation has a 1-year low of $22.30 and a 1-year high of $42.23. The firm has a market cap of $2.83 billion, a PE ratio of 21.54 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 8.43. The company has a 50-day moving average of $38.30.

NCR Atleos (NYSE:NATL) last announced its earnings results on Wednesday, November 5th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. The company had revenue of $1.12 billion for the quarter. NCR Atleos had a net margin of 3.11% and a return on equity of 84.80%. NCR Atleos’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.