Alta Fox Capital Management LLC Sells 23,272 Shares of NCR Atleos Corporation $NATL

Alta Fox Capital Management LLC decreased its stake in NCR Atleos Corporation (NYSE:NATL) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,950,881 shares of the company’s stock after selling 23,272 shares during the quarter. NCR Atleos makes up 16.0% of Alta Fox Capital Management LLC’s holdings, making the stock its largest holding. Alta Fox Capital Management LLC’s holdings in NCR Atleos were worth $74,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. State Street Corp grew its holdings in shares of NCR Atleos by 0.9% in the 4th quarter. State Street Corp now owns 2,792,251 shares of the company’s stock valued at $106,413,000 after acquiring an additional 25,510 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NCR Atleos by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,577,338 shares of the company’s stock valued at $60,117,000 after acquiring an additional 50,798 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NCR Atleos by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock valued at $53,306,000 after acquiring an additional 157,429 shares in the last quarter. Simcoe Capital Management LLC bought a new position in shares of NCR Atleos in the 2nd quarter valued at about $20,282,000. Finally, Capital International Investors grew its holdings in shares of NCR Atleos by 63.0% in the 4th quarter. Capital International Investors now owns 682,561 shares of the company’s stock valued at $26,012,000 after acquiring an additional 263,698 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

NATL has been the subject of several analyst reports. Stifel Nicolaus set a $50.40 price objective on NCR Atleos in a report on Wednesday, March 4th. DA Davidson reiterated a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a research note on Monday, May 11th. Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Wedbush downgraded shares of NCR Atleos from an “outperform” rating to a “hold” rating and raised their target price for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Finally, Weiss Ratings downgraded shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.27.

NCR Atleos Stock Up 0.2%

Shares of NATL opened at $44.27 on Friday. NCR Atleos Corporation has a 12 month low of $23.56 and a 12 month high of $48.50. The firm’s 50 day moving average is $44.55 and its 200-day moving average is $41.78. The stock has a market capitalization of $3.27 billion, a PE ratio of 19.08 and a beta of 0.57. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 6.83.

NCR Atleos (NYSE:NATL) last announced its earnings results on Wednesday, May 6th. The company reported $0.65 EPS 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 business had revenue of $1.04 billion for the quarter. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts forecast that NCR Atleos Corporation will post 4.52 EPS for the current year.

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.