Groupama Asset Managment Sells 18,716 Shares of NCR Atleos Corporation $NATL

Groupama Asset Managment reduced its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 70.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,851 shares of the company’s stock after selling 18,716 shares during the quarter. Groupama Asset Managment’s holdings in NCR Atleos were worth $309,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in NCR Atleos by 1.1% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock valued at $993,000 after buying an additional 370 shares during the period. Swiss National Bank boosted its holdings in shares of NCR Atleos by 5.0% during the second quarter. Swiss National Bank now owns 140,180 shares of the company’s stock worth $3,999,000 after purchasing an additional 6,700 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NCR Atleos by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock worth $3,558,000 after purchasing an additional 5,946 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of NCR Atleos in the second quarter worth about $3,684,000. Finally, Rhumbline Advisers increased its holdings in NCR Atleos by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 209,290 shares of the company’s stock valued at $5,971,000 after purchasing an additional 8,754 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NCR Atleos Stock Performance

Shares of NCR Atleos stock opened at $42.37 on Friday. NCR Atleos Corporation has a 1 year low of $22.30 and a 1 year high of $48.50. The firm’s 50-day moving average is $41.34 and its 200 day moving average is $39.16. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 18.75 and a beta of 0.79. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78.

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 analysts’ consensus estimates 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 in the prior year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Analysts Set New Price Targets

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

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.