NCR Atleos Corporation $NATL Stake Lowered by Clifford Capital Partners LLC

Clifford Capital Partners LLC cut its position in shares of NCR Atleos Corporation (NYSE:NATL) by 14.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 628,054 shares of the company’s stock after selling 108,385 shares during the period. NCR Atleos comprises approximately 4.3% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Clifford Capital Partners LLC’s holdings in NCR Atleos were worth $24,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in NCR Atleos by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock worth $854,000 after acquiring an additional 318 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of NCR Atleos by 1.1% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock valued at $993,000 after acquiring an additional 370 shares during the last quarter. Blue Trust Inc. boosted its position in shares of NCR Atleos by 27.8% during the 3rd quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock valued at $68,000 after acquiring an additional 374 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of NCR Atleos by 60.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of NCR Atleos by 0.3% in the second quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock valued at $3,297,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of NCR Atleos in a research note on Thursday, January 22nd. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a report on Wednesday, March 4th. DA Davidson restated a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. Finally, Wedbush downgraded shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price target for the company from $45.00 to $50.40 in a report on Friday, February 27th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NCR Atleos currently has an average rating of “Hold” and an average target price of $50.27.

NCR Atleos Price Performance

Shares of NATL stock opened at $44.14 on Friday. The company has a market capitalization of $3.25 billion, a P/E ratio of 19.53 and a beta of 0.79. The company’s 50-day simple moving average is $40.94 and its two-hundred day simple moving average is $39.04. NCR Atleos Corporation has a one year low of $22.30 and a one year high of $48.50. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.49 earnings per share for the quarter, beating 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%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS.

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.