Weiss Asset Management LP Takes $1.24 Million Position in NCR Atleos Corporation $NATL

Key Points

• Weiss Asset Management acquired 28,480 shares of NCR Atleos worth approximately $1.24 million, while institutional investors collectively own 88.66% of the company.
• Analyst sentiment is cautious: six analysts rate the stock “Hold,” with a consensus price target of $50.27. Weiss Ratings and Zacks Research recently downgraded their ratings to “Hold.”
• NCR Atleos reported quarterly EPS of $0.65, below the $0.89 consensus estimate, although revenue rose 6.5% year over year to $1.04 billion. Shares opened at $47.06, near their 52-week high of $48.50.

Weiss Asset Management LP purchased a new stake in shares of NCR Atleos Corporation (NYSE:NATL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 28,480 shares of the company's stock, valued at approximately $1,241,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in NCR Atleos in the first quarter worth approximately $3,051,000. Renaissance Technologies LLC acquired a new stake in NCR Atleos during the 1st quarter worth about $3,552,000. Arrowstreet Capital Limited Partnership raised its holdings in NCR Atleos by 201.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 211,815 shares of the company's stock worth $9,231,000 after buying an additional 141,658 shares during the period. Caxton Associates LLP purchased a new stake in NCR Atleos during the first quarter valued at about $6,026,000. Finally, Sei Investments Co. lifted its stake in NCR Atleos by 25.9% during the first quarter. Sei Investments Co. now owns 109,928 shares of the company's stock valued at $4,791,000 after buying an additional 22,627 shares in the last quarter. Institutional investors own 88.66% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on NATL shares. Weiss Ratings downgraded shares of NCR Atleos from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, May 8th. Zacks Research downgraded shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $50.00 price objective on shares of NCR Atleos in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $50.27.

NCR Atleos Price Performance

Shares of NATL stock opened at $47.06 on Tuesday. The stock's fifty day simple moving average is $44.87 and its 200 day simple moving average is $43.37. NCR Atleos Corporation has a one year low of $26.59 and a one year high of $48.50. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 20.28 and a beta of 0.60. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78.

NCR Atleos (NYSE:NATL - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.24). The company had revenue of $1.04 billion for the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.NCR Atleos's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. On average, analysts expect that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal 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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