K.J. Harrison & Partners Inc Sells 62,875 Shares of NCR Atleos Corporation $NATL

K.J. Harrison & Partners Inc reduced its stake in NCR Atleos Corporation (NYSE:NATL) by 79.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,225 shares of the company’s stock after selling 62,875 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in NCR Atleos were worth $618,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Corp bought a new position in NCR Atleos in the 3rd quarter worth about $28,000. Jones Financial Companies Lllp grew its stake in NCR Atleos by 407.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock worth $34,000 after acquiring an additional 705 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in NCR Atleos by 36.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,083 shares of the company’s stock worth $82,000 after acquiring an additional 552 shares in the last quarter. iSAM Funds UK Ltd bought a new position in NCR Atleos in the 3rd quarter worth about $120,000. Finally, Advisory Services Network LLC bought a new position in NCR Atleos in the 3rd quarter worth about $123,000. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Price Performance

Shares of NATL opened at $44.21 on Friday. The company has a 50 day moving average price of $44.32 and a 200-day moving average price of $40.33. NCR Atleos Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The stock has a market capitalization of $3.26 billion, a PE ratio of 19.06 and a beta of 0.61. The company has a debt-to-equity ratio of 6.65, a quick ratio of 0.78 and a current ratio of 0.96.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.24). NCR Atleos had a return on equity of 80.51% and a net margin of 3.98%.The business had revenue of $1.04 billion during the quarter. During the same period in the previous year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on NATL. Zacks Research upgraded shares of NCR Atleos from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Weiss Ratings raised shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Finally, Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.27.

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.