245,989 Shares in NCR Atleos Corporation $NATL Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp bought a new position in NCR Atleos Corporation (NYSE:NATL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 245,989 shares of the company’s stock, valued at approximately $9,375,000. King Luther Capital Management Corp owned about 0.33% of NCR Atleos as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NATL. Simcoe Capital Management LLC acquired a new stake in shares of NCR Atleos in the second quarter worth approximately $20,282,000. Capital International Investors purchased a new stake in NCR Atleos during the third quarter worth approximately $16,466,000. Millennium Management LLC purchased a new stake in NCR Atleos during the third quarter worth approximately $14,900,000. Penn Capital Management Company LLC acquired a new stake in shares of NCR Atleos in the third quarter worth $11,553,000. Finally, Barclays PLC increased its position in shares of NCR Atleos by 182.9% in the third quarter. Barclays PLC now owns 404,694 shares of the company’s stock worth $15,909,000 after acquiring an additional 261,624 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

NCR Atleos Trading Down 0.1%

NYSE NATL opened at $45.10 on Thursday. The company’s fifty day simple moving average is $44.28 and its 200-day simple moving average is $41.06. NCR Atleos Corporation has a 52 week low of $23.56 and a 52 week high of $48.50. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 6.83. The stock has a market cap of $3.33 billion, a P/E ratio of 19.44 and a beta of 0.61.

NCR Atleos (NYSE:NATL) last posted 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). NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The firm had revenue of $1.04 billion for the quarter. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price objective for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a research report on Wednesday, March 4th. Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Zacks Research raised shares of NCR Atleos from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Company 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.