The Manufacturers Life Insurance Company Reduces Holdings in NCR Atleos Corporation $NATL

The Manufacturers Life Insurance Company reduced its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 36.5% in the 1st quarter, HoldingsChannel reports. The firm owned 21,898 shares of the company’s stock after selling 12,569 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NCR Atleos were worth $954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its position 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 buying an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of NCR Atleos by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock valued at $643,000 after acquiring an additional 300 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of NCR Atleos by 0.3% in the second quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock valued at $3,297,000 after acquiring an additional 397 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of NCR Atleos by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock valued at $543,000 after acquiring an additional 446 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of NCR Atleos by 245.7% during the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after acquiring an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. DA Davidson reiterated a “neutral” rating and set a $50.00 price objective on shares of NCR Atleos in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c+)” rating on shares of NCR Atleos in a report on Wednesday, August 5th. Finally, Zacks Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.27.

NCR Atleos Stock Performance

NYSE NATL opened at $46.94 on Thursday. The business’s 50-day moving average price is $45.38 and its 200 day moving average price is $44.00. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 5.84. NCR Atleos Corporation has a twelve month low of $33.31 and a twelve month high of $48.50. The company has a market capitalization of $3.47 billion, a PE ratio of 18.19 and a beta of 0.57.

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.