Fourth Sail Capital LP Purchases New Holdings in NCR Atleos Corporation $NATL

Fourth Sail Capital LP purchased a new stake in shares of NCR Atleos Corporation (NYSE:NATL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 881,568 shares of the company’s stock, valued at approximately $33,597,000. NCR Atleos accounts for about 5.4% of Fourth Sail Capital LP’s portfolio, making the stock its 7th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Villanova Investment Management Co LLC grew its holdings in NCR Atleos by 52.3% during the 3rd quarter. Villanova Investment Management Co LLC now owns 171,310 shares of the company’s stock valued at $6,734,000 after purchasing an additional 58,844 shares during the last quarter. K.J. Harrison & Partners Inc bought a new position in NCR Atleos in the 3rd quarter worth about $3,112,000. JCP Investment Management LLC bought a new position in NCR Atleos in the 3rd quarter worth about $10,225,000. WINTON GROUP Ltd grew its stake in NCR Atleos by 174.9% in the 3rd quarter. WINTON GROUP Ltd now owns 125,076 shares of the company’s stock worth $4,917,000 after acquiring an additional 79,580 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in NCR Atleos in the 3rd quarter worth about $1,171,000. 88.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NATL has been the topic of a number of research analyst reports. DA Davidson restated a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a research note on Monday, May 11th. Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research note on Wednesday, March 4th. Weiss Ratings downgraded shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Price Performance

Shares of NATL opened at $44.27 on Friday. The company has a 50 day moving average price of $44.55 and a 200-day moving average price of $41.78. NCR Atleos Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The stock has a market capitalization of $3.27 billion, a PE ratio of 19.08 and a beta of 0.57. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.78 and a current ratio of 0.98.

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