NCR Atleos Corporation $NATL Holdings Trimmed by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of NCR Atleos Corporation (NYSE:NATL) by 33.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,132 shares of the company’s stock after selling 12,208 shares during the period. Intech Investment Management LLC’s holdings in NCR Atleos were worth $949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Horizon Corp bought a new position in shares of NCR Atleos during the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC grew its stake in shares of NCR Atleos by 1,327.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 677 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of NCR Atleos by 407.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock worth $34,000 after purchasing an additional 705 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 worth $29,000 after purchasing an additional 384 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in 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 purchasing an additional 374 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

NCR Atleos Stock Down 1.9%

Shares of NCR Atleos stock opened at $45.47 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65. The company has a market cap of $3.34 billion, a P/E ratio of 20.12 and a beta of 0.78. The stock has a 50-day moving average price of $40.32 and a 200 day moving average price of $38.85. NCR Atleos Corporation has a 1 year low of $22.30 and a 1 year high of $48.50.

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

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.