Hsbc Holdings PLC Takes $1.15 Million Position in NCR Atleos Corporation $NATL

Hsbc Holdings PLC purchased a new stake in NCR Atleos Corporation (NYSE:NATL) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 26,593 shares of the company’s stock, valued at approximately $1,153,000.

Other large investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its position in NCR Atleos by 66.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after purchasing an additional 276 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of NCR Atleos by 245.7% in the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after buying an additional 457 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of NCR Atleos during the fourth quarter worth about $31,000. Global Retirement Partners LLC boosted its stake in shares of NCR Atleos by 134.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock worth $46,000 after buying an additional 694 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of NCR Atleos during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Stock Up 0.2%

NCR Atleos stock opened at $47.13 on Wednesday. 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 $26.59 and a 1-year high of $48.50. The company has a market cap of $3.48 billion, a PE ratio of 20.31 and a beta of 0.60. The stock’s 50 day moving average price is $44.93 and its 200 day moving average price is $43.43.

NCR Atleos (NYSE:NATL) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.24). The business had revenue of $1.04 billion during the quarter. NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, sell-side analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on NATL shares. Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. DA Davidson reaffirmed a “neutral” rating and set a $50.00 price target on shares of NCR Atleos in a report on Monday, May 11th. Finally, Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NCR Atleos presently has an average rating of “Hold” and an average price target of $50.27.

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.