NCR Atleos Corporation (NYSE:NATL) Sees Large Decrease in Short Interest

NCR Atleos Corporation (NYSE:NATL) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,488,556 shares, a decrease of 48.9% from the February 26th total of 2,912,428 shares. Based on an average daily volume of 1,628,347 shares, the short-interest ratio is presently 0.9 days. Currently, 2.0% of the company’s shares are sold short.

NCR Atleos Trading Down 0.5%

Shares of NYSE:NATL traded down $0.23 during mid-day trading on Thursday, reaching $43.51. The stock had a trading volume of 1,543,753 shares, compared to its average volume of 1,720,232. The firm has a 50 day simple moving average of $41.63 and a two-hundred day simple moving average of $39.27. NCR Atleos has a twelve month low of $22.30 and a twelve month high of $48.50. The firm has a market cap of $3.20 billion, a PE ratio of 11.54 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.27. The firm had revenue of $1.15 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Weiss Ratings raised shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus set a $50.40 price target on NCR Atleos in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, NCR Atleos has an average rating of “Hold” and an average target price of $50.27.

Institutional Trading of NCR Atleos

Several hedge funds have recently added to or reduced their stakes in NATL. CIBC Private Wealth Group LLC lifted its holdings in NCR Atleos by 66.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after acquiring an additional 276 shares in the last quarter. First Horizon Corp acquired a new stake in shares of NCR Atleos during the third quarter worth about $28,000. Steward Partners Investment Advisory LLC raised its position in shares of NCR Atleos by 60.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock worth $29,000 after purchasing an additional 384 shares during the period. Salomon & Ludwin LLC lifted its holdings in shares of NCR Atleos by 1,327.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 677 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of NCR Atleos in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

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.