Louisiana State Employees Retirement System Acquires New Holdings in NCR Atleos Corporation $NATL

Louisiana State Employees Retirement System bought a new position in NCR Atleos Corporation (NYSE:NATL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,800 shares of the company’s stock, valued at approximately $1,429,000.

Several other large investors also recently made changes to their positions in NATL. Fourth Sail Capital LP acquired a new position in shares of NCR Atleos during the fourth quarter worth approximately $33,597,000. Simcoe Capital Management LLC acquired a new stake in NCR Atleos in the 2nd quarter valued at approximately $20,282,000. Capital International Investors acquired a new stake in NCR Atleos in the 3rd quarter valued at approximately $16,466,000. Millennium Management LLC bought a new stake in NCR Atleos during the 3rd quarter valued at $14,900,000. Finally, Penn Capital Management Company LLC bought a new stake in NCR Atleos during the 3rd quarter valued at $11,553,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Price Performance

Shares of NYSE:NATL opened at $44.60 on Friday. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 19.22 and a beta of 0.60. 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 12 month low of $23.56 and a 12 month high of $48.50. The stock’s 50 day moving average price is $44.30 and its 200 day moving average price is $42.44.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) 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 firm had revenue of $1.04 billion for the quarter. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NATL shares. DA Davidson reissued a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Weiss Ratings cut shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.27.

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.