WINTON GROUP Ltd Acquires 79,580 Shares of NCR Atleos Corporation $NATL

Key Points

• WINTON GROUP Ltd boosted its stake in NCR Atleos by 174.9% in Q3, buying 79,580 shares to hold 125,076 shares (about 0.17% of the company) valued at roughly $4.92 million, while overall institutional ownership stands at 88.66%.
• NCR Atleos reported a beat for the quarter (EPS $1.49 vs. $1.22 estimate) on $1.15 billion in revenue, with revenue up 4% year-over-year, a 3.92% net margin and an 84.28% return on equity.
• Analyst sentiment is mixed-to-neutral: the consensus rating is Hold with an average price target of $50.27, and the stock trades around the mid-$40s (market cap ~$3.31B, PE ~19.9).

WINTON GROUP Ltd increased its holdings in shares of NCR Atleos Corporation (NYSE:NATL - Free Report) by 174.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,076 shares of the company's stock after acquiring an additional 79,580 shares during the quarter. WINTON GROUP Ltd owned approximately 0.17% of NCR Atleos worth $4,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of NCR Atleos during the 3rd quarter valued at $3,942,000. New York State Common Retirement Fund raised its stake in shares of NCR Atleos by 844.6% during the 3rd quarter. New York State Common Retirement Fund now owns 211,109 shares of the company's stock worth $8,299,000 after purchasing an additional 188,760 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of NCR Atleos in the 3rd quarter worth about $3,112,000. Villanova Investment Management Co LLC grew its position in NCR Atleos by 52.3% during the third quarter. Villanova Investment Management Co LLC now owns 171,310 shares of the company's stock valued at $6,734,000 after buying an additional 58,844 shares during the period. Finally, XTX Topco Ltd bought a new position in NCR Atleos during the second quarter valued at about $1,595,000. Hedge funds and other institutional investors own 88.66% of the company's stock.

NCR Atleos Price Performance

NYSE NATL opened at $45.02 on Tuesday. The company has a market cap of $3.31 billion, a PE ratio of 19.92 and a beta of 0.78. NCR Atleos Corporation has a 52 week low of $22.30 and a 52 week high of $48.50. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65. The firm's 50-day simple moving average is $40.44 and its two-hundred day simple moving average is $38.90.

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

Analyst Upgrades and Downgrades

Several analysts have commented on NATL shares. Wedbush lowered shares of NCR Atleos from an "outperform" rating to a "hold" rating and lifted their price objective for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research report on Wednesday, March 4th. Weiss Ratings restated a "hold (c)" rating on shares of NCR Atleos in a research note on Thursday, January 22nd. DA Davidson reiterated a "neutral" rating and issued a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Finally, Wolfe Research lowered NCR Atleos from a "strong-buy" rating to a "hold" rating in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock 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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