Lombard Odier Asset Management USA Corp Takes Position in NCR Atleos Corporation $NATL

Lombard Odier Asset Management USA Corp acquired a new position in shares of NCR Atleos Corporation (NYSE:NATL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,782 shares of the company’s stock, valued at approximately $1,171,000.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its position in NCR Atleos by 1.2% in the 2nd quarter. State Street Corp now owns 2,761,117 shares of the company’s stock valued at $78,775,000 after buying an additional 31,684 shares during the last quarter. Engine Capital Management LP boosted its position in NCR Atleos by 22.3% during the 2nd quarter. Engine Capital Management LP now owns 2,415,779 shares of the company’s stock worth $68,922,000 after acquiring an additional 440,741 shares during the last quarter. Clifford Capital Partners LLC boosted its position in NCR Atleos by 3.0% during the 2nd quarter. Clifford Capital Partners LLC now owns 736,439 shares of the company’s stock worth $21,011,000 after acquiring an additional 21,766 shares during the last quarter. Simcoe Capital Management LLC bought a new position in shares of NCR Atleos during the 2nd quarter worth approximately $20,282,000. Finally, Bank of America Corp DE grew its stake in shares of NCR Atleos by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 581,465 shares of the company’s stock worth $16,589,000 after acquiring an additional 29,437 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Stock Performance

Shares of NATL stock opened at $44.19 on Tuesday. The company has a fifty day moving average price of $41.07 and a two-hundred day moving average price of $39.06. NCR Atleos Corporation has a one year low of $22.30 and a one year high of $48.50. The stock has a market cap of $3.25 billion, a P/E ratio of 19.55 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, topping the consensus estimate of $1.22 by $0.27. The company had revenue of $1.15 billion for the quarter. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 earnings per share.

Analyst Ratings Changes

A number of brokerages have recently commented on NATL. DA Davidson reissued a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCR Atleos in a research report on Thursday, January 22nd. Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Finally, Wedbush downgraded shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price objective for the stock 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.27.

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.