Royce & Associates LP Sells 32,173 Shares of NCR Atleos Corporation $NATL

Royce & Associates LP lessened its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 485,939 shares of the company’s stock after selling 32,173 shares during the period. Royce & Associates LP owned 0.66% of NCR Atleos worth $19,102,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. State Street Corp boosted its position in shares of NCR Atleos by 1.2% in the second quarter. State Street Corp now owns 2,761,117 shares of the company’s stock valued at $78,775,000 after acquiring an additional 31,684 shares during the period. Engine Capital Management LP raised its stake in NCR Atleos by 22.3% during the 2nd quarter. Engine Capital Management LP now owns 2,415,779 shares of the company’s stock valued at $68,922,000 after purchasing an additional 440,741 shares during the last quarter. Clifford Capital Partners LLC boosted its holdings in NCR Atleos by 3.0% in the 2nd quarter. Clifford Capital Partners LLC now owns 736,439 shares of the company’s stock valued at $21,011,000 after purchasing an additional 21,766 shares during the period. Simcoe Capital Management LLC acquired a new stake in NCR Atleos in the 2nd quarter worth $20,282,000. Finally, Bank of America Corp DE grew its position in NCR Atleos by 5.3% in the 2nd quarter. Bank of America Corp DE now owns 581,465 shares of the company’s stock worth $16,589,000 after purchasing an additional 29,437 shares during the last quarter. 88.66% of the stock is owned by institutional investors.

NCR Atleos Stock Up 5.6%

Shares of NYSE:NATL opened at $44.20 on Monday. The company’s fifty day moving average is $39.48 and its 200-day moving average is $38.55. The company has a debt-to-equity ratio of 6.65, a quick ratio of 0.78 and a current ratio of 0.96. NCR Atleos Corporation has a 52 week low of $22.30 and a 52 week high of $46.55. The company has a market capitalization of $3.27 billion, a PE ratio of 19.56 and a beta of 0.97.

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

Wall Street Analyst Weigh In

A number of analysts have commented on NATL shares. Wedbush downgraded NCR Atleos from an “outperform” rating to a “hold” rating and raised their price objective for the stock from $45.00 to $50.40 in a research report on Friday. DA Davidson restated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research note on Friday. Wall Street Zen downgraded shares of NCR Atleos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NCR Atleos in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NCR Atleos has a consensus rating of “Hold” and an average target price of $45.80.

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.