Royce & Associates LP Reduces Stock Position in NCR Atleos Corporation $NATL

Royce & Associates LP reduced its holdings in shares of NCR Atleos Corporation (NYSE:NATL) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,416 shares of the company’s stock after selling 53,523 shares during the quarter. Royce & Associates LP owned about 0.59% of NCR Atleos worth $16,479,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC lifted its stake in shares of 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 buying an additional 694 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of NCR Atleos during the 4th quarter valued at approximately $168,000. ProShare Advisors LLC lifted its stake in shares of NCR Atleos by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock valued at $543,000 after buying an additional 446 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of NCR Atleos by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock valued at $643,000 after buying an additional 300 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of NCR Atleos by 227.1% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 21,892 shares of the company’s stock valued at $834,000 after buying an additional 15,200 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

NCR Atleos Stock Performance

NYSE NATL opened at $45.17 on Wednesday. NCR Atleos Corporation has a 1 year low of $23.56 and a 1 year high of $48.50. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. The stock has a market capitalization of $3.33 billion, a PE ratio of 19.47 and a beta of 0.61. The company’s 50 day simple moving average is $44.26 and its two-hundred day simple moving average is $40.99.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.24). The firm 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%.NCR Atleos’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. Analysts predict that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NATL. DA Davidson restated a “neutral” rating and set 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. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their target price for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, NCR Atleos has an average rating of “Hold” and an average price target 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.