Engineers Gate Manager LP Buys New Holdings in NCR Atleos Corporation $NATL

Key Points

• Engineers Gate Manager LP acquired 24,091 shares of NCR Atleos in the second quarter, valued at approximately $1.05 million. Institutional investors and hedge funds collectively own 88.66% of the company.
• NCR Atleos reported quarterly earnings of $1.49 per share, beating analyst estimates of $1.05, on revenue of $1.10 billion. Analysts expect full-year earnings of about $4.50 per share.
• The stock opened at $45.67, near its 52-week high, while analyst sentiment remains a consensus “Hold” with an average price target of $50.27.

Engineers Gate Manager LP purchased a new position in NCR Atleos Corporation (NYSE:NATL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,091 shares of the company's stock, valued at approximately $1,046,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NATL. Sound Income Strategies LLC increased its holdings in NCR Atleos by 245.7% in the first quarter. Sound Income Strategies LLC now owns 643 shares of the company's stock valued at $28,000 after buying an additional 457 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in NCR Atleos in the fourth quarter valued at $31,000. Public Employees Retirement System of Ohio purchased a new stake in NCR Atleos during the 2nd quarter worth about $83,000. Hanson & Doremus Investment Management lifted its holdings in NCR Atleos by 19.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 3,406 shares of the company's stock worth $148,000 after buying an additional 550 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of NCR Atleos during the 2nd quarter worth about $161,000. Institutional investors and hedge funds own 88.66% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 19th. Zacks Research downgraded NCR Atleos from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $50.27.

NCR Atleos Stock Down 0.2%

NATL opened at $45.67 on Friday. NCR Atleos Corporation has a 52 week low of $33.31 and a 52 week high of $48.50. The business has a 50 day moving average price of $46.53 and a two-hundred day moving average price of $45.14. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. The company has a market cap of $3.38 billion, a PE ratio of 17.70 and a beta of 0.56.

NCR Atleos (NYSE:NATL - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.44. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.The company had revenue of $1.10 billion for the quarter. As a group, research analysts anticipate that NCR Atleos Corporation will post 4.5 EPS for the current year.

NCR Atleos Company Profile

NCR Atleos Corporation NYSE: NATL is a financial technology company focused on self-service banking and cash-access solutions. The company provides automated teller machines (ATMs), ATM software, transaction processing, cash-management services and related technology to financial institutions, retailers and independent ATM operators.

Its offerings include the deployment, maintenance and management of ATMs, as well as managed services designed to help financial institutions operate parts of their physical banking infrastructure.

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