Capital International Investors Purchases New Stake in NCR Atleos Corporation $NATL

Capital International Investors purchased a new stake in NCR Atleos Corporation (NYSE:NATL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 418,863 shares of the company’s stock, valued at approximately $16,466,000. Capital International Investors owned approximately 0.57% of NCR Atleos at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in NCR Atleos during the 3rd quarter worth $3,942,000. New York State Common Retirement Fund boosted its position in NCR Atleos by 844.6% in the 3rd quarter. New York State Common Retirement Fund now owns 211,109 shares of the company’s stock valued at $8,299,000 after buying an additional 188,760 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in NCR Atleos in the 3rd quarter valued at about $3,112,000. Villanova Investment Management Co LLC grew its stake in shares of NCR Atleos by 52.3% during the third quarter. Villanova Investment Management Co LLC now owns 171,310 shares of the company’s stock valued at $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 during the second quarter valued at about $1,595,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NATL has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $50.40 target price on NCR Atleos in a research report on Wednesday, March 4th. DA Davidson reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Wolfe Research lowered 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, Wedbush downgraded shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price objective for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Stock Performance

NATL opened at $44.21 on Friday. The business’s 50 day moving average is $40.81 and its 200-day moving average is $39.01. The stock has a market cap of $3.25 billion, a PE ratio of 19.56 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65. NCR Atleos Corporation has a twelve month low of $22.30 and a twelve month high of $48.50.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings data 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. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The business had revenue of $1.15 billion during the quarter. During the same quarter last year, the business earned $1.11 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis.

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.