Alliancebernstein L.P. Sells 3,940,007 Shares of NCR Atleos Corporation $NATL

Alliancebernstein L.P. trimmed its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 54.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,312,866 shares of the company’s stock after selling 3,940,007 shares during the quarter. Alliancebernstein L.P. owned about 4.48% of NCR Atleos worth $130,229,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in NCR Atleos in the 3rd quarter valued at about $3,942,000. New York State Common Retirement Fund lifted its holdings in shares of NCR Atleos by 844.6% during the 3rd quarter. New York State Common Retirement Fund now owns 211,109 shares of the company’s stock worth $8,299,000 after acquiring an additional 188,760 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of NCR Atleos during the 3rd quarter worth approximately $3,112,000. Villanova Investment Management Co LLC boosted its position in shares of NCR Atleos by 52.3% during the 3rd quarter. Villanova Investment Management Co LLC now owns 171,310 shares of the company’s stock worth $6,734,000 after acquiring an additional 58,844 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of NCR Atleos in the 2nd quarter valued at $1,595,000. 88.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. DA Davidson reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their target price for the stock from $45.00 to $50.40 in a report on Friday, February 27th. Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCR Atleos in a report on Thursday, January 22nd. Finally, Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a research report on Wednesday, March 4th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.27.

NCR Atleos Stock Up 0.3%

NYSE:NATL opened at $44.19 on Tuesday. NCR Atleos Corporation has a one year low of $22.30 and a one year high of $48.50. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. The company has a market cap of $3.25 billion, a PE ratio of 19.55 and a beta of 0.78. The firm’s 50 day simple moving average is $41.07 and its 200 day simple moving average is $39.06.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.27. The firm had revenue of $1.15 billion during the quarter. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share.

NCR Atleos Company Profile

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.