Breach Inlet Capital Management LLC Boosts Stock Position in NCR Atleos Corporation $NATL

Breach Inlet Capital Management LLC lifted its position in NCR Atleos Corporation (NYSE:NATL) by 34.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 366,899 shares of the company’s stock after buying an additional 94,011 shares during the period. NCR Atleos makes up 6.6% of Breach Inlet Capital Management LLC’s holdings, making the stock its 8th largest position. Breach Inlet Capital Management LLC owned about 0.50% of NCR Atleos worth $13,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of NCR Atleos by 0.9% in the 4th quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after buying an additional 25,510 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NCR Atleos by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,577,338 shares of the company’s stock worth $60,117,000 after buying an additional 50,798 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $53,306,000 after buying an additional 157,429 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of NCR Atleos in the 4th quarter worth $33,597,000. Finally, Simcoe Capital Management LLC bought a new stake in shares of NCR Atleos in the 2nd quarter worth $20,282,000. Institutional investors own 88.66% of the company’s stock.

NCR Atleos Stock Performance

Shares of NYSE NATL opened at $43.28 on Thursday. 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 stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.66 and a beta of 0.57. The stock’s fifty day simple moving average is $44.55 and its 200 day simple moving average is $41.96. NCR Atleos Corporation has a 52-week low of $23.56 and a 52-week high of $48.50.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The business had revenue of $1.04 billion for the quarter. During the same quarter last year, the company earned $0.64 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

NATL has been the topic of a number of recent research reports. Wolfe Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Wedbush cut NCR Atleos from an “outperform” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $50.40 in a report on Friday, February 27th. DA Davidson restated a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a report on Monday, May 11th. Weiss Ratings cut NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus set a $50.40 target price on NCR Atleos in a report on Wednesday, March 4th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, NCR Atleos currently has a consensus rating of “Hold” and a consensus target price of $50.27.

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.