NCR Atleos Corporation $NATL Shares Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC increased its NCR Atleos stake by 13.7% in the second quarter, adding 65,775 shares to own 547,643 shares valued at approximately $23.8 million, or 0.74% of the company.
• Institutional investors and hedge funds own 88.66% of NCR Atleos, with several other investment firms also raising their positions during recent quarters.
• NCR Atleos reported quarterly EPS of $1.49, beating estimates of $1.05, on $1.10 billion in revenue. Despite the earnings beat, analysts maintain a consensus “Hold” rating with an average price target of $50.27.

Squarepoint Ops LLC grew its holdings in NCR Atleos Corporation (NYSE:NATL - Free Report) by 13.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 547,643 shares of the company's stock after buying an additional 65,775 shares during the quarter. Squarepoint Ops LLC owned 0.74% of NCR Atleos worth $23,773,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NATL. CIBC Private Wealth Group LLC raised its holdings in shares of NCR Atleos by 66.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company's stock valued at $26,000 after acquiring an additional 276 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of NCR Atleos by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company's stock worth $643,000 after purchasing an additional 300 shares in the last quarter. Federated Hermes Inc. increased its position in shares of NCR Atleos by 0.3% during the second quarter. Federated Hermes Inc. now owns 115,565 shares of the company's stock worth $3,297,000 after purchasing an additional 397 shares in the last quarter. ProShare Advisors LLC raised its stake in NCR Atleos by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 14,255 shares of the company's stock valued at $543,000 after purchasing an additional 446 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in NCR Atleos by 245.7% in the 1st quarter. Sound Income Strategies LLC now owns 643 shares of the company's stock valued at $28,000 after purchasing an additional 457 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

NCR Atleos Price Performance

NYSE:NATL opened at $45.52 on Wednesday. NCR Atleos Corporation has a 52 week low of $33.31 and a 52 week high of $48.50. The stock's fifty day moving average is $46.31 and its two-hundred day moving average is $44.91. The company has a market capitalization of $3.36 billion, a P/E ratio of 17.64 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on NATL. Zacks Research lowered shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NCR Atleos currently has a consensus rating of "Hold" and an average price target of $50.27.

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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