Hsbc Holdings PLC Buys New Stake in NCR Atleos Corporation $NATL

Hsbc Holdings PLC purchased a new stake in NCR Atleos Corporation (NYSE:NATL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,593 shares of the company’s stock, valued at approximately $1,153,000.

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in NCR Atleos by 5.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock worth $3,558,000 after buying an additional 5,946 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of NCR Atleos in the 2nd quarter valued at about $891,000. CW Advisors LLC acquired a new stake in shares of NCR Atleos during the 2nd quarter worth about $262,000. Amundi acquired a new stake in shares of NCR Atleos during the 2nd quarter worth about $349,000. Finally, Gamco Investors INC. ET AL lifted its stake in NCR Atleos by 192.7% during the second quarter. Gamco Investors INC. ET AL now owns 35,638 shares of the company’s stock worth $1,017,000 after purchasing an additional 23,463 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

NCR Atleos Stock Up 0.2%

NATL opened at $47.13 on Wednesday. The business’s 50-day simple moving average is $44.93 and its 200-day simple moving average is $43.43. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.78 and a current ratio of 0.98. NCR Atleos Corporation has a one year low of $26.59 and a one year high of $48.50. The stock has a market capitalization of $3.48 billion, a P/E ratio of 20.31 and a beta of 0.60.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.24). The firm had revenue of $1.04 billion during the quarter. NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Analysts anticipate that NCR Atleos Corporation will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

NATL has been the subject of a number of research analyst reports. Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. DA Davidson reissued a “neutral” rating and set a $50.00 price objective on shares of NCR Atleos in a report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.27.

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.