Short Interest in NCR Atleos Corporation (NYSE:NATL) Declines By 48.9%

NCR Atleos Corporation (NYSE:NATL) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,488,556 shares, a drop of 48.9% from the February 26th total of 2,912,428 shares. Based on an average daily volume of 1,628,347 shares, the short-interest ratio is presently 0.9 days. Currently, 2.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities research analysts have commented on NATL shares. DA Davidson reaffirmed a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings raised shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and upped their price target for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Finally, Stifel Nicolaus set a $50.40 price objective on shares of NCR Atleos in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, NCR Atleos has a consensus rating of “Hold” and an average price target of $50.27.

Hedge Funds Weigh In On NCR Atleos

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC raised its holdings in NCR Atleos by 66.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after purchasing an additional 276 shares in the last quarter. First Horizon Corp bought a new stake in shares of NCR Atleos during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC grew its position in shares of NCR Atleos by 1,327.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 677 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of NCR Atleos in the 4th quarter worth about $31,000. Finally, Jones Financial Companies Lllp increased its stake in shares of NCR Atleos by 407.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock worth $34,000 after acquiring an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NCR Atleos Price Performance

NYSE:NATL traded down $0.51 during midday trading on Friday, hitting $42.97. The company had a trading volume of 1,644,926 shares, compared to its average volume of 1,777,128. The company has a market capitalization of $3.16 billion, a PE ratio of 19.01 and a beta of 0.79. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65. NCR Atleos has a 52-week low of $22.30 and a 52-week high of $48.50. The stock’s fifty day moving average price is $41.69 and its 200-day moving average price is $39.29.

NCR Atleos (NYSE:NATL) last issued its earnings results on Thursday, February 26th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.27. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.The business had revenue of $1.15 billion during the quarter. During the same period in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year.

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.