NCR Atleos Corporation $NATL Holdings Lifted by Engine Capital Management LP

Engine Capital Management LP boosted its position in shares of NCR Atleos Corporation (NYSE:NATL) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,581,525 shares of the company’s stock after buying an additional 172,846 shares during the period. NCR Atleos makes up about 13.6% of Engine Capital Management LP’s portfolio, making the stock its 2nd biggest holding. Engine Capital Management LP’s holdings in NCR Atleos were worth $98,382,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Breach Inlet Capital Management LLC boosted its stake in shares of NCR Atleos by 34.5% during the fourth quarter. Breach Inlet Capital Management LLC now owns 366,899 shares of the company’s stock valued at $13,983,000 after purchasing an additional 94,011 shares during the period. Trexquant Investment LP grew its holdings in shares of NCR Atleos by 64.7% during the fourth quarter. Trexquant Investment LP now owns 86,737 shares of the company’s stock valued at $3,306,000 after buying an additional 34,068 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in NCR Atleos by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,616 shares of the company’s stock valued at $2,577,000 after acquiring an additional 4,235 shares during the period. Advisory Services Network LLC boosted its position in NCR Atleos by 134.6% in the 4th quarter. Advisory Services Network LLC now owns 7,323 shares of the company’s stock worth $279,000 after purchasing an additional 4,202 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of NCR Atleos by 24.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,582 shares of the company’s stock worth $98,000 after buying an additional 499 shares during the period. Institutional investors own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NATL. DA Davidson reaffirmed a “neutral” rating and set a $50.00 price objective on shares of NCR Atleos in a research note on Monday, May 11th. Wedbush downgraded NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price objective for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Zacks Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Stifel Nicolaus set a $50.40 price target on NCR Atleos in a report on Wednesday, March 4th. Six investment 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 target price of $50.27.

NCR Atleos Stock Performance

NYSE NATL opened at $43.28 on Thursday. NCR Atleos Corporation has a 1-year low of $23.56 and a 1-year high of $48.50. The business’s 50-day simple moving average is $44.55 and its 200-day simple moving average is $41.96. The firm has a market capitalization of $3.19 billion, a P/E ratio of 18.66 and a beta of 0.57. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78.

NCR Atleos (NYSE:NATL) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share 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 for the quarter. During the same period last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current 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.