NCR Atleos Corporation $NATL Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in NCR Atleos by 8.3% to 384,593 shares—about a 0.52% ownership position valued at roughly $14.75 million.
• Wall Street sentiment is mixed: one analyst rates the stock a Buy and five rate it Hold, giving an average rating of “Hold” and an average price target of about $50.27 after several recent downgrades and target adjustments.
• NCR Atleos beat quarterly expectations with $1.49 EPS vs. $1.22 expected and reported $1.15 billion in revenue (up 4% year-over-year), while showing an 84.28% return on equity and a 3.92% net margin.

Wealth Enhancement Advisory Services LLC increased its holdings in shares of NCR Atleos Corporation (NYSE:NATL - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 384,593 shares of the company's stock after purchasing an additional 29,360 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.52% of NCR Atleos worth $14,745,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NATL. First Horizon Corp purchased a new stake in NCR Atleos during the third quarter worth approximately $28,000. Steward Partners Investment Advisory LLC increased its position in shares of NCR Atleos by 60.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company's stock worth $29,000 after acquiring an additional 384 shares in the last quarter. Salomon & Ludwin LLC raised its stake in shares of NCR Atleos by 1,327.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company's stock valued at $29,000 after acquiring an additional 677 shares during the period. Jones Financial Companies Lllp raised its stake 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 valued at $34,000 after acquiring an additional 705 shares during the period. Finally, Blue Trust Inc. lifted 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 acquiring an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

Wall Street Analyst Weigh In

NATL has been the subject of a number of research reports. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Weiss Ratings upgraded NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday. DA Davidson reaffirmed a "neutral" rating and issued a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Wedbush lowered NCR Atleos from an "outperform" rating to a "hold" rating and increased their target price for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Finally, Wolfe Research downgraded NCR Atleos from a "strong-buy" rating to a "hold" rating in a report on Friday, February 27th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.27.

NCR Atleos Price Performance

Shares of NYSE NATL opened at $43.82 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65. NCR Atleos Corporation has a fifty-two week low of $22.30 and a fifty-two week high of $48.50. The business has a 50 day moving average price of $41.57 and a two-hundred day moving average price of $39.24. The firm has a market cap of $3.22 billion, a PE ratio of 19.39 and a beta of 0.79.

NCR Atleos (NYSE:NATL - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.27. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.The company had revenue of $1.15 billion for the quarter. During the same period in the previous year, the company earned $1.11 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis.

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.

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