Engine Capital Management LP Has $98.38 Million Stock Position in NCR Atleos Corporation $NATL

Engine Capital Management LP boosted its holdings in NCR Atleos Corporation (NYSE:NATL) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,581,525 shares of the company’s stock after purchasing an additional 172,846 shares during the quarter. NCR Atleos comprises approximately 13.6% of Engine Capital Management LP’s investment portfolio, making the stock its 2nd largest holding. Engine Capital Management LP owned about 3.49% of NCR Atleos worth $98,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in shares of NCR Atleos by 66.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock valued at $26,000 after buying an additional 276 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in NCR Atleos by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock valued at $643,000 after purchasing an additional 300 shares during the last quarter. Federated Hermes Inc. boosted its stake in NCR Atleos by 0.3% during the 2nd 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 during the last quarter. ProShare Advisors LLC increased its holdings in NCR Atleos by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock worth $543,000 after purchasing an additional 446 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of NCR Atleos by 24.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,582 shares of the company’s stock worth $98,000 after purchasing an additional 499 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a report on Monday, May 11th. Weiss Ratings cut NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and upped their target price for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a research note on Wednesday, March 4th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Stock Performance

NYSE:NATL opened at $43.28 on Thursday. The business has a 50 day moving average of $44.55 and a 200 day moving average of $41.96. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. NCR Atleos Corporation has a 1-year low of $23.56 and a 1-year high of $48.50. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.66 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last announced its quarterly 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). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The firm had revenue of $1.04 billion for the quarter. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal 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.