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

Key Points

• K.J. Harrison & Partners cut its stake in NCR Atleos by 79.5%, selling 62,875 shares in Q4 and leaving 16,225 shares worth $618,000.
• NCR Atleos missed quarterly expectations, reporting EPS $0.65 vs. $0.89 consensus on $1.04 billion of revenue (up 6.5% year-over-year), with a net margin of 3.98% and ROE of 80.51%.
• Analyst sentiment is mixed but mildly positive: the stock has an average rating of "Moderate Buy" with an average price target of $50.27, alongside several recent downgrades to Hold.

K.J. Harrison & Partners Inc cut its holdings in NCR Atleos Corporation (NYSE:NATL - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,225 shares of the company's stock after selling 62,875 shares during the period. K.J. Harrison & Partners Inc's holdings in NCR Atleos were worth $618,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Horizon Corp bought a new stake in shares of NCR Atleos in the 3rd quarter worth about $28,000. Jones Financial Companies Lllp increased its holdings in shares of 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 buying an additional 705 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of 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 buying an additional 552 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of NCR Atleos in the 3rd quarter worth about $120,000. Finally, Advisory Services Network LLC bought a new stake in shares of NCR Atleos in the 3rd quarter worth about $123,000. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Stock Performance

Shares of NYSE:NATL opened at $44.21 on Friday. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 19.06 and a beta of 0.61. NCR Atleos Corporation has a 12 month low of $23.56 and a 12 month high of $48.50. The firm's 50-day moving average is $44.32 and its 200 day moving average is $40.33. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65.

NCR Atleos (NYSE:NATL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.24). The firm had revenue of $1.04 billion for the quarter. NCR Atleos had a net margin of 3.98% and a return on equity of 80.51%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. Research analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NATL shares. Wedbush downgraded shares of NCR Atleos from an "outperform" rating to a "hold" rating and boosted their target price for the stock from $45.00 to $50.40 in a report on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a report on Wednesday, March 4th. DA Davidson reiterated a "neutral" rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Wolfe Research downgraded shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a report on Friday, February 27th. Finally, Weiss Ratings upgraded shares of NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" 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.

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