Intech Investment Management LLC Has $949,000 Position in NCR Atleos Corporation $NATL

Intech Investment Management LLC lessened its holdings in shares of NCR Atleos Corporation (NYSE:NATL) by 33.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 24,132 shares of the company’s stock after selling 12,208 shares during the period. Intech Investment Management LLC’s holdings in NCR Atleos were worth $949,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in NCR Atleos by 1.5% in the third quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock worth $854,000 after acquiring an additional 318 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of NCR Atleos by 1.1% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock valued at $993,000 after purchasing an additional 370 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of NCR Atleos by 27.8% during the 3rd quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock valued at $68,000 after purchasing an additional 374 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of NCR Atleos by 60.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of NCR Atleos by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock valued at $3,297,000 after purchasing an additional 397 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

NCR Atleos Trading Down 1.9%

Shares of NATL opened at $45.47 on Monday. NCR Atleos Corporation has a 12-month low of $22.30 and a 12-month high of $48.50. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 20.12 and a beta of 0.78. The stock’s 50-day moving average price is $40.32 and its 200 day moving average price is $38.85.

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

Analyst Upgrades and Downgrades

NATL has been the topic of several analyst reports. Wedbush downgraded 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 report on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on NCR Atleos in a research report on Wednesday. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. DA Davidson reiterated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NCR Atleos in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, NCR Atleos presently has an average rating of “Hold” and a consensus 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.