Capital International Investors Raises Stake in NCR Atleos Corporation $NATL

Capital International Investors raised its position in shares of NCR Atleos Corporation (NYSE:NATL) by 63.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 682,561 shares of the company’s stock after purchasing an additional 263,698 shares during the quarter. Capital International Investors owned 0.92% of NCR Atleos worth $26,012,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new stake in NCR Atleos during the 4th quarter valued at approximately $31,000. Jones Financial Companies Lllp raised its stake in NCR Atleos by 407.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock valued at $34,000 after purchasing an additional 705 shares during the period. Global Retirement Partners LLC raised its stake in NCR Atleos by 134.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock valued at $46,000 after purchasing an additional 694 shares during the period. Public Employees Retirement System of Ohio raised its stake in NCR Atleos by 36.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,083 shares of the company’s stock valued at $82,000 after purchasing an additional 552 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in NCR Atleos during the 3rd quarter valued at approximately $120,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NATL. Weiss Ratings downgraded NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Wedbush downgraded NCR Atleos from an “outperform” rating to a “hold” rating and lifted their target price for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Stifel Nicolaus set a $50.40 target price on NCR Atleos in a research note on Wednesday, March 4th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.27.

NCR Atleos Stock Performance

NYSE:NATL opened at $44.39 on Wednesday. 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 Corporation has a 1 year low of $23.56 and a 1 year high of $48.50. The stock’s 50 day simple moving average is $44.50 and its two-hundred day simple moving average is $41.63. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 19.13 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last announced its 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 during the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. As a group, equities analysts anticipate that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal 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.