Crescent Grove Advisors LLC Has $14.80 Million Holdings in NCR Atleos Corporation $NATL

Crescent Grove Advisors LLC reduced its holdings in NCR Atleos Corporation (NYSE:NATL) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,408 shares of the company’s stock after selling 62,686 shares during the quarter. NCR Atleos makes up approximately 1.4% of Crescent Grove Advisors LLC’s holdings, making the stock its 19th largest holding. Crescent Grove Advisors LLC owned about 0.53% of NCR Atleos worth $14,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eurizon Capital SGR S.p.A. acquired a new position in shares of NCR Atleos in the 4th quarter worth approximately $31,000. King Luther Capital Management Corp acquired a new position in shares of NCR Atleos in the 4th quarter worth approximately $9,375,000. Penn Capital Management Company LLC boosted its holdings in shares of NCR Atleos by 9.5% in the 4th quarter. Penn Capital Management Company LLC now owns 321,200 shares of the company’s stock worth $12,271,000 after acquiring an additional 27,898 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of NCR Atleos by 134.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock worth $46,000 after acquiring an additional 694 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of NCR Atleos in the 4th quarter worth approximately $168,000. 88.66% of the stock is owned by institutional investors and hedge funds.

NCR Atleos Stock Performance

NATL stock opened at $44.14 on Thursday. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. The company has a 50 day moving average price of $44.44 and a 200 day moving average price of $41.36. NCR Atleos Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The stock has a market capitalization of $3.26 billion, a PE ratio of 19.03 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings data 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). NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The company had revenue of $1.04 billion during the quarter. During the same period in the previous year, the business earned $0.64 EPS. NCR Atleos’s revenue was up 6.5% compared to the same quarter last year. Analysts forecast that NCR Atleos Corporation will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NATL. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Wedbush downgraded NCR Atleos from an “outperform” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $50.40 in a report on Friday, February 27th. Stifel Nicolaus set a $50.40 target price on NCR Atleos in a report on Wednesday, March 4th. Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a report on Monday, May 11th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.27.

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.