Maven Securities LTD Makes New $7 Million Investment in NCR Atleos Corporation $NATL

Key Points

• Maven Securities LTD acquired 161,288 shares of NCR Atleos worth approximately $7 million during the second quarter, giving it a 0.22% stake. Institutional investors collectively own 88.66% of the company.
• NCR Atleos reported quarterly EPS of $1.49, beating analysts’ $1.05 estimate, on revenue of $1.10 billion. Analysts expect full-year EPS of approximately $4.50.
• The stock was trading at $45.52, while analysts maintained a consensus “Hold” rating and an average price target of $50.27.

Maven Securities LTD bought a new position in NCR Atleos Corporation (NYSE:NATL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 161,288 shares of the company's stock, valued at approximately $7,002,000. Maven Securities LTD owned about 0.22% of NCR Atleos at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NATL. Bank of New York Mellon Corp bought a new stake in shares of NCR Atleos in the 2nd quarter worth $20,240,000. Y Intercept Hong Kong Ltd purchased a new position in shares of NCR Atleos in the first quarter worth $1,082,000. Bank of America Corp DE lifted its holdings in shares of NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company's stock valued at $81,121,000 after purchasing an additional 1,237,227 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of NCR Atleos during the first quarter valued at $6,026,000. Finally, First Trust Advisors LP boosted its position in shares of NCR Atleos by 90.5% during the first quarter. First Trust Advisors LP now owns 202,442 shares of the company's stock valued at $8,822,000 after buying an additional 96,147 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Price Performance

NYSE NATL opened at $45.52 on Wednesday. The business's fifty day moving average price is $46.31 and its 200-day moving average price is $44.91. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 17.64 and a beta of 0.56. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.03 and a quick ratio of 0.83. NCR Atleos Corporation has a 1-year low of $33.31 and a 1-year high of $48.50.

NCR Atleos (NYSE:NATL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.05 by $0.44. The company had revenue of $1.10 billion during the quarter. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%. On average, equities analysts predict that NCR Atleos Corporation will post 4.5 earnings per share for the current year.

Analysts Set New Price Targets

NATL has been the subject of several research analyst reports. Weiss Ratings upgraded NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Zacks Research cut shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, NCR Atleos presently has a consensus rating of "Hold" and a consensus target price of $50.27.

About NCR Atleos

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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