VIRGINIA RETIREMENT SYSTEMS ET Al Buys 15,200 Shares of NCR Atleos Corporation $NATL

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in NCR Atleos Corporation (NYSE:NATL) by 227.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,892 shares of the company’s stock after acquiring an additional 15,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in NCR Atleos were worth $834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp increased its holdings in NCR Atleos by 1.2% in the 2nd 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 last quarter. Simcoe Capital Management LLC bought a new stake in NCR Atleos in the 2nd quarter valued at $20,282,000. Bank of America Corp DE increased its holdings 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 valued at $16,589,000 after acquiring an additional 29,437 shares during the last quarter. Capital International Investors bought a new stake in NCR Atleos in the 3rd quarter worth approximately $16,466,000. Finally, Barclays PLC increased its stake in NCR Atleos by 182.9% in the 3rd quarter. Barclays PLC now owns 404,694 shares of the company’s stock worth $15,909,000 after acquiring an additional 261,624 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NATL. Wedbush downgraded 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 note on Friday, February 27th. 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. Weiss Ratings downgraded shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a report on Wednesday, March 4th. Finally, Zacks Research upgraded shares of NCR Atleos from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Stock Performance

NYSE NATL opened at $44.54 on Monday. The company has a market cap of $3.29 billion, a P/E ratio of 19.20 and a beta of 0.61. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.78 and a current ratio of 0.98. The business’s 50 day moving average price is $44.27 and its 200-day moving average price is $40.60. NCR Atleos Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $48.50.

NCR Atleos (NYSE:NATL) last released its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share 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 net margin of 3.98% and a return on equity of 78.64%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. Sell-side 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.