Crescent Grove Advisors LLC Sells 62,686 Shares of NCR Atleos Corporation $NATL

Crescent Grove Advisors LLC decreased its holdings in shares of NCR Atleos Corporation (NYSE:NATL) by 13.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 388,408 shares of the company’s stock after selling 62,686 shares during the period. NCR Atleos makes up 1.4% of Crescent Grove Advisors LLC’s holdings, making the stock its 19th largest position. Crescent Grove Advisors LLC’s holdings in NCR Atleos were worth $14,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NATL. Simcoe Capital Management LLC bought a new stake in shares of NCR Atleos during the 2nd quarter valued at $20,282,000. Capital International Investors bought a new stake in shares of NCR Atleos during the 3rd quarter valued at $16,466,000. Millennium Management LLC bought a new stake in shares of NCR Atleos during the 3rd quarter valued at $14,900,000. Penn Capital Management Company LLC bought a new stake in shares of NCR Atleos during the 3rd quarter valued at $11,553,000. Finally, Barclays PLC raised its position in shares of NCR Atleos by 182.9% during the 3rd quarter. Barclays PLC now owns 404,694 shares of the company’s stock valued at $15,909,000 after acquiring an additional 261,624 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Analyst Upgrades and Downgrades

NATL has been the subject of several recent research reports. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research report on Wednesday, March 4th. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and upped their target price for the company from $45.00 to $50.40 in a research report on Friday, February 27th. DA Davidson restated a “neutral” rating and issued a $50.00 price objective on shares of NCR Atleos in a research report on Monday, May 11th. Weiss Ratings cut shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Finally, Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.27.

NCR Atleos Price Performance

NATL opened at $44.14 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. NCR Atleos Corporation has a 12 month low of $23.56 and a 12 month high of $48.50. The company has a fifty day simple moving average of $44.44 and a 200 day simple moving average of $41.36. The stock has a market cap of $3.26 billion, a P/E ratio of 19.03 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The firm had revenue of $1.04 billion during the quarter. During the same period in the prior year, the company posted $0.64 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that NCR Atleos Corporation will post 4.52 EPS for the current 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.