NCR Atleos Corporation $NATL Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in NCR Atleos Corporation (NYSE:NATL) by 13.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 547,643 shares of the company’s stock after purchasing an additional 65,775 shares during the period. Squarepoint Ops LLC’s holdings in NCR Atleos were worth $23,773,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NATL. California State Teachers Retirement System increased its position in shares of NCR Atleos by 4,367.9% during the second quarter. California State Teachers Retirement System now owns 3,706,823 shares of the company’s stock worth $160,913,000 after purchasing an additional 3,623,857 shares in the last quarter. State Street Corp increased its position in NCR Atleos by 0.9% during the fourth quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after buying an additional 25,510 shares during the period. Engine Capital Management LP lifted its stake in NCR Atleos by 7.2% in the fourth quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock valued at $98,382,000 after buying an additional 172,846 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of NCR Atleos by 198.2% in the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock valued at $81,121,000 after acquiring an additional 1,237,227 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of NCR Atleos by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company’s stock worth $71,293,000 after acquiring an additional 58,745 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on NATL. Zacks Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NCR Atleos currently has a consensus rating of “Hold” and an average price target of $50.27.

NCR Atleos Stock Performance

Shares of NATL opened at $45.52 on Wednesday. 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 company has a 50-day simple moving average of $46.31 and a 200-day simple moving average of $44.91. The company has a market capitalization of $3.36 billion, a PE ratio of 17.64 and a beta of 0.56.

NCR Atleos (NYSE:NATL) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.44. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.The business had revenue of $1.10 billion for the quarter. Equities research analysts predict that NCR Atleos Corporation will post 4.5 earnings per share for the current fiscal 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.