Penn Capital Management Company LLC Buys 27,898 Shares of NCR Atleos Corporation $NATL

Penn Capital Management Company LLC lifted its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 321,200 shares of the company’s stock after acquiring an additional 27,898 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.43% of NCR Atleos worth $12,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC grew its stake in shares of NCR Atleos by 134.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock valued at $46,000 after acquiring an additional 694 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of NCR Atleos during the 4th quarter valued at approximately $168,000. ProShare Advisors LLC grew its stake in shares of NCR Atleos by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock valued at $543,000 after acquiring an additional 446 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of NCR Atleos by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock valued at $643,000 after acquiring an additional 300 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in NCR Atleos by 227.1% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 21,892 shares of the company’s stock worth $834,000 after purchasing an additional 15,200 shares during the period. 88.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NATL shares. Weiss Ratings downgraded NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. DA Davidson restated a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Stifel Nicolaus set a $50.40 price target on NCR Atleos in a research note on Wednesday, March 4th. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Zacks Research upgraded NCR Atleos from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.27.

NCR Atleos Stock Up 1.1%

Shares of NATL opened at $45.17 on Wednesday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.47 and a beta of 0.61. NCR Atleos Corporation has a 1 year low of $23.56 and a 1 year high of $48.50. The business’s 50 day simple moving average is $44.26 and its 200-day simple moving average is $40.99. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.24). The firm had revenue of $1.04 billion for the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.NCR Atleos’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. As a group, equities analysts expect that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

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.