Breach Inlet Capital Management LLC increased its holdings in shares of NCR Atleos Corporation (NYSE:NATL – Free Report) by 34.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 366,899 shares of the company’s stock after acquiring an additional 94,011 shares during the quarter. NCR Atleos makes up approximately 6.6% of Breach Inlet Capital Management LLC’s portfolio, making the stock its 8th largest position. Breach Inlet Capital Management LLC’s holdings in NCR Atleos were worth $13,983,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. State Street Corp lifted its position in shares of NCR Atleos by 0.9% during the 4th quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after purchasing an additional 25,510 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NCR Atleos by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,577,338 shares of the company’s stock valued at $60,117,000 after acquiring an additional 50,798 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NCR Atleos by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock valued at $53,306,000 after acquiring an additional 157,429 shares in the last quarter. Fourth Sail Capital LP acquired a new position in NCR Atleos in the 4th quarter valued at approximately $33,597,000. Finally, Simcoe Capital Management LLC acquired a new position in NCR Atleos in the 2nd quarter valued at approximately $20,282,000. Institutional investors and hedge funds own 88.66% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on NATL shares. Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings cut NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Stifel Nicolaus set a $50.40 price target on NCR Atleos in a report on Wednesday, March 4th. DA Davidson reissued a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a report on Monday, May 11th. Finally, Wolfe Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.27.
NCR Atleos Trading Down 1.6%
Shares of 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 company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 6.83. The stock has a 50 day simple moving average of $44.55 and a 200-day simple moving average of $41.96. The stock has a market cap of $3.19 billion, a PE ratio of 18.66 and a beta of 0.57.
NCR Atleos (NYSE:NATL – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). The business had revenue of $1.04 billion for the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.NCR Atleos’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. On average, sell-side analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current fiscal year.
NCR Atleos 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.
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