Fourth Sail Capital LP Buys New Shares in NCR Atleos Corporation $NATL

Fourth Sail Capital LP bought a new stake in shares of NCR Atleos Corporation (NYSE:NATL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 881,568 shares of the company’s stock, valued at approximately $33,597,000. NCR Atleos makes up approximately 5.4% of Fourth Sail Capital LP’s holdings, making the stock its 7th biggest position. Fourth Sail Capital LP owned approximately 1.19% of NCR Atleos at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NATL. Simcoe Capital Management LLC purchased a new position in shares of NCR Atleos during the 2nd quarter valued at $20,282,000. Capital International Investors purchased a new position in shares of NCR Atleos during the 3rd quarter valued at $16,466,000. Millennium Management LLC purchased a new position in shares of NCR Atleos during the 3rd quarter valued at $14,900,000. Penn Capital Management Company LLC purchased a new stake in NCR Atleos in the 3rd quarter worth $11,553,000. Finally, Barclays PLC lifted its stake in NCR Atleos by 182.9% in the 3rd quarter. Barclays PLC now owns 404,694 shares of the company’s stock worth $15,909,000 after purchasing an additional 261,624 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NATL shares. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research note on Wednesday, March 4th. Weiss Ratings cut shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price target for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Finally, Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.27.

NCR Atleos Stock Up 0.2%

Shares of NYSE NATL opened at $44.27 on Friday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.08 and a beta of 0.57. 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 price is $44.55 and its 200-day moving average price is $41.78. 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 issued its quarterly 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). The firm had revenue of $1.04 billion for the quarter. NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. On average, equities research analysts anticipate that NCR Atleos Corporation will post 4.52 EPS for the current fiscal year.

NCR Atleos 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.