Victory Capital Management Inc. Trims Holdings in NCR Atleos Corporation $NATL

Victory Capital Management Inc. decreased its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 4.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,618,784 shares of the company’s stock after selling 130,166 shares during the period. Victory Capital Management Inc. owned 3.54% of NCR Atleos worth $102,944,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Horizon Corp bought a new stake in shares of NCR Atleos during the third quarter valued at about $28,000. Steward Partners Investment Advisory LLC lifted its stake in NCR Atleos by 60.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock worth $29,000 after purchasing an additional 384 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in NCR Atleos by 1,327.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 677 shares during the period. Jones Financial Companies Lllp grew its position in shares of 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 in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of NCR Atleos by 27.8% in the third quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock worth $68,000 after purchasing an additional 374 shares during the period. Institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NATL shares. Weiss Ratings restated a “hold (c)” rating on shares of NCR Atleos in a research report on Thursday, January 22nd. Stifel Nicolaus set a $50.40 price objective on NCR Atleos in a report on Wednesday. DA Davidson restated a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Wall Street Zen cut shares of NCR Atleos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.27.

NCR Atleos Stock Down 2.0%

Shares of NYSE NATL opened at $47.09 on Thursday. The stock has a market capitalization of $3.46 billion, a P/E ratio of 20.84 and a beta of 0.79. NCR Atleos Corporation has a one year low of $22.30 and a one year high of $48.50. The firm’s 50 day simple moving average is $40.03 and its two-hundred day simple moving average is $38.74. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.27. The company had revenue of $1.15 billion during the quarter. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. NCR Atleos’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS.

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.