Renaissance Technologies LLC Purchases New Holdings in NCR Atleos Corporation $NATL

Renaissance Technologies LLC purchased a new position in shares of NCR Atleos Corporation (NYSE:NATL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 81,500 shares of the company's stock, valued at approximately $3,552,000. Renaissance Technologies LLC owned 0.11% of NCR Atleos at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in NCR Atleos by 5.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company's stock valued at $3,558,000 after purchasing an additional 5,946 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of NCR Atleos during the 2nd quarter worth $891,000. CW Advisors LLC bought a new stake in shares of NCR Atleos during the 2nd quarter worth $262,000. Amundi purchased a new position in shares of NCR Atleos in the 2nd quarter worth about $349,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of NCR Atleos by 192.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 35,638 shares of the company's stock worth $1,017,000 after buying an additional 23,463 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NATL shares. Weiss Ratings restated a "hold (c+)" rating on shares of NCR Atleos in a research report on Wednesday. Zacks Research lowered shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 27th. Finally, DA Davidson reiterated a "neutral" rating and issued a $50.00 target price on shares of NCR Atleos in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $50.27.

NCR Atleos Stock Up 0.2%

NATL stock opened at $46.61 on Friday. The stock has a fifty day moving average of $45.24 and a 200-day moving average of $43.78. NCR Atleos Corporation has a fifty-two week low of $33.31 and a fifty-two week high of $48.50. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 18.07 and a beta of 0.57. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.78 and a current ratio of 1.03.

NCR Atleos (NYSE:NATL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.24). The firm had revenue of $1.04 billion during the quarter. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. As a group, equities research analysts predict that NCR Atleos Corporation will post 4.52 earnings per share for the current year.

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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