Louisiana State Employees Retirement System bought a new position in NCR Atleos Corporation (NYSE:NATL – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 32,800 shares of the company’s stock, valued at approximately $1,429,000.
Several other large investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its stake in NCR Atleos by 19.3% in the first quarter. Hanson & Doremus Investment Management now owns 3,406 shares of the company’s stock valued at $148,000 after purchasing an additional 550 shares in the last quarter. Corient Private Wealth LLC acquired a new position in NCR Atleos during the 4th quarter worth $201,000. Villanova Investment Management Co LLC boosted its stake in NCR Atleos by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 172,009 shares of the company’s stock valued at $6,555,000 after purchasing an additional 699 shares during the period. Invesco Ltd. grew its holdings in NCR Atleos by 0.9% in the 4th quarter. Invesco Ltd. now owns 294,410 shares of the company’s stock valued at $11,220,000 after buying an additional 2,699 shares during the last quarter. Finally, JCP Investment Management LLC grew its stake in shares of NCR Atleos by 11.0% in the fourth quarter. JCP Investment Management LLC now owns 288,602 shares of the company’s stock worth $10,999,000 after acquiring an additional 28,500 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a research note on Monday, May 11th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.27.
NCR Atleos Stock Up 1.2%
NCR Atleos stock opened at $44.60 on Friday. The company’s 50-day moving average is $44.30 and its 200-day moving average is $42.44. NCR Atleos Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The firm has a market capitalization of $3.29 billion, a PE ratio of 19.22 and a beta of 0.60. 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 – Get Free Report) last released its quarterly 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 for the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Sell-side analysts anticipate that NCR Atleos Corporation will post 4.52 earnings per share for the current 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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