Lombard Odier Asset Management USA Corp Takes Position in NCR Atleos Corporation $NATL

Lombard Odier Asset Management USA Corp bought a new position in shares of NCR Atleos Corporation (NYSE:NATL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 29,782 shares of the company’s stock, valued at approximately $1,171,000.

A number of other institutional investors have also made changes to their positions in NATL. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in NCR Atleos by 1.1% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company’s stock valued at $993,000 after acquiring an additional 370 shares during the period. Seizert Capital Partners LLC boosted its position in NCR Atleos by 63.0% during the second quarter. Seizert Capital Partners LLC now owns 123,668 shares of the company’s stock worth $3,528,000 after purchasing an additional 47,781 shares during the period. Swiss National Bank increased its holdings in shares of NCR Atleos by 5.0% in the second quarter. Swiss National Bank now owns 140,180 shares of the company’s stock valued at $3,999,000 after purchasing an additional 6,700 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NCR Atleos by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock valued at $3,558,000 after purchasing an additional 5,946 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of NCR Atleos in the second quarter valued at about $3,684,000. 88.66% of the stock is owned by institutional investors and hedge funds.

NCR Atleos Trading Up 0.3%

Shares of NATL stock opened at $44.19 on Tuesday. The stock has a market cap of $3.25 billion, a P/E ratio of 19.55 and a beta of 0.79. NCR Atleos Corporation has a 1 year low of $22.30 and a 1 year high of $48.50. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65. The stock has a 50 day simple moving average of $41.07 and a 200 day simple moving average of $39.06.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.27. The firm had revenue of $1.15 billion for the quarter. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.NCR Atleos’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research note on Wednesday, March 4th. DA Davidson reiterated a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Wedbush cut NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price objective for the stock from $45.00 to $50.40 in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCR Atleos in a research report on Thursday, January 22nd. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.27.

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.