Capital International Investors Increases Stock Holdings in NCR Atleos Corporation $NATL

Capital International Investors lifted its stake in NCR Atleos Corporation (NYSE:NATL) by 63.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 682,561 shares of the company’s stock after purchasing an additional 263,698 shares during the quarter. Capital International Investors’ holdings in NCR Atleos were worth $26,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Villanova Investment Management Co LLC boosted its holdings in shares of NCR Atleos by 52.3% in the 3rd quarter. Villanova Investment Management Co LLC now owns 171,310 shares of the company’s stock worth $6,734,000 after purchasing an additional 58,844 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of NCR Atleos in the 3rd quarter worth approximately $3,112,000. JCP Investment Management LLC purchased a new position in shares of NCR Atleos in the 3rd quarter worth approximately $10,225,000. WINTON GROUP Ltd boosted its holdings in NCR Atleos by 174.9% during the 3rd quarter. WINTON GROUP Ltd now owns 125,076 shares of the company’s stock valued at $4,917,000 after acquiring an additional 79,580 shares during the period. Finally, Lombard Odier Asset Management USA Corp purchased a new position in NCR Atleos during the 3rd quarter valued at $1,171,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NATL shares. Stifel Nicolaus set a $50.40 price objective on NCR Atleos in a report on Wednesday, March 4th. Wedbush cut NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price objective for the company from $45.00 to $50.40 in a report on Friday, February 27th. DA Davidson restated a “neutral” rating and set a $50.00 price objective on shares of NCR Atleos in a report on Monday, May 11th. Wolfe Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Finally, Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.27.

NCR Atleos Price Performance

NATL opened at $44.39 on Wednesday. The business has a fifty day moving average of $44.50 and a 200 day moving average of $41.63. NCR Atleos Corporation has a 52-week low of $23.56 and a 52-week high of $48.50. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. The stock has a market cap of $3.28 billion, a P/E ratio of 19.13 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last issued its 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 firm had revenue of $1.04 billion during the quarter. During the same period last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NCR Atleos Corporation will post 4.52 EPS for the current year.

NCR Atleos 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.