Zacks Research lowered shares of NCR Atleos (NYSE:NATL – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.
Several other equities research analysts have also weighed in on NATL. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a research report on Monday, May 11th. Weiss Ratings lowered NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Wedbush cut 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 note on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on NCR Atleos in a research note on Wednesday, March 4th. Finally, Wolfe Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.27.
NCR Atleos Price Performance
NCR Atleos (NYSE:NATL – Get Free Report) last issued 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). NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The company had revenue of $1.04 billion during the quarter. During the same quarter in the previous year, the company earned $0.64 earnings per share. NCR Atleos’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts expect that NCR Atleos will post 4.52 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its stake in NCR Atleos by 66.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock valued at $26,000 after buying an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in NCR Atleos by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock valued at $643,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System boosted its position in shares of NCR Atleos by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock valued at $854,000 after purchasing an additional 318 shares during the period. Federated Hermes Inc. boosted its position in shares of NCR Atleos by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock valued at $3,297,000 after purchasing an additional 397 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of NCR Atleos by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock valued at $543,000 after purchasing an additional 446 shares during the period. Institutional investors own 88.66% of the company’s stock.
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.
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