NCR Atleos Corporation $NATL Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of NCR Atleos Corporation (NYSE:NATL) by 36.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,898 shares of the company’s stock after selling 12,569 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NCR Atleos were worth $954,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of NCR Atleos by 5.0% during the second quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock worth $3,558,000 after acquiring an additional 5,946 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in NCR Atleos during the second quarter worth about $891,000. CW Advisors LLC acquired a new stake in NCR Atleos in the second quarter valued at about $262,000. Amundi acquired a new stake in NCR Atleos in the second quarter valued at about $349,000. Finally, Gamco Investors INC. ET AL boosted its holdings in NCR Atleos by 192.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 35,638 shares of the company’s stock valued at $1,017,000 after purchasing an additional 23,463 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Trading Up 0.2%

NYSE:NATL opened at $46.94 on Thursday. The company has a market capitalization of $3.47 billion, a PE ratio of 18.19 and a beta of 0.57. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. NCR Atleos Corporation has a 52-week low of $33.31 and a 52-week high of $48.50. The stock has a fifty day simple moving average of $45.38 and a 200-day simple moving average of $44.00.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NCR Atleos in a research report on Wednesday, August 5th. DA Davidson restated a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Finally, Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.