Jones Kertz & Associates Inc. Takes Position in NCR Atleos Corporation $NATL

Jones Kertz & Associates Inc. purchased a new stake in NCR Atleos Corporation (NYSE:NATL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,010 shares of the company’s stock, valued at approximately $1,449,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its position in shares of NCR Atleos by 1.2% in the second quarter. State Street Corp now owns 2,761,117 shares of the company’s stock valued at $78,775,000 after buying an additional 31,684 shares in the last quarter. Simcoe Capital Management LLC bought a new position in shares of NCR Atleos in the second quarter worth $20,282,000. Bank of America Corp DE increased its position in shares of NCR Atleos by 5.3% in the second quarter. Bank of America Corp DE now owns 581,465 shares of the company’s stock worth $16,589,000 after purchasing an additional 29,437 shares during the period. Capital International Investors bought a new position in shares of NCR Atleos in the third quarter worth $16,466,000. Finally, Barclays PLC increased its position in shares of NCR Atleos by 182.9% in the third quarter. Barclays PLC now owns 404,694 shares of the company’s stock worth $15,909,000 after purchasing an additional 261,624 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.

NCR Atleos Trading Up 0.2%

Shares of NATL stock opened at $45.78 on Tuesday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 20.26 and a beta of 0.78. NCR Atleos Corporation has a twelve month low of $23.24 and a twelve month high of $48.50. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65. The stock’s fifty day simple moving average is $43.65 and its 200 day simple moving average is $39.86.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.27. The business had revenue of $1.15 billion for the quarter. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, sell-side analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

NATL has been the topic of a number of recent analyst reports. Weiss Ratings upgraded NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. DA Davidson reiterated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price target for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. Finally, Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NCR Atleos currently has an average rating of “Hold” and an average target price 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.