Fifth Third Bancorp increased its stake in shares of NCR Atleos Corporation (NYSE:NATL – Free Report) by 7,982.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,442 shares of the company’s stock after buying an additional 38,954 shares during the quarter. Fifth Third Bancorp’s holdings in NCR Atleos were worth $1,719,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Fourth Sail Capital LP bought a new stake in NCR Atleos in the fourth quarter valued at $33,597,000. Simcoe Capital Management LLC bought a new position in shares of NCR Atleos during the second quarter worth about $20,282,000. Millennium Management LLC acquired a new stake in shares of NCR Atleos in the 3rd quarter worth about $14,900,000. Pillsbury Lake Capital LLC bought a new stake in NCR Atleos in the 4th quarter valued at about $10,217,000. Finally, Capital International Investors lifted its position in NCR Atleos by 63.0% in the 4th quarter. Capital International Investors now owns 682,561 shares of the company’s stock valued at $26,012,000 after purchasing an additional 263,698 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on NATL. DA Davidson restated a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a research report on Monday, May 11th. Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings downgraded NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.27.
NCR Atleos Stock Performance
Shares of NATL opened at $47.70 on Thursday. The firm has a market capitalization of $3.52 billion, a PE ratio of 20.56 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. The firm has a 50-day moving average price of $44.71 and a 200 day moving average price of $43.17. NCR Atleos Corporation has a 52-week low of $23.56 and a 52-week high of $48.50.
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 company 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. On average, sell-side analysts anticipate that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.
NCR Atleos Company 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.
Featured Stories
- Five stocks we like better than NCR Atleos
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Want to see what other hedge funds are holding NATL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCR Atleos Corporation (NYSE:NATL – Free Report).
Receive News & Ratings for NCR Atleos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Atleos and related companies with MarketBeat.com's FREE daily email newsletter.
