Maven Securities LTD Invests $7 Million in NCR Atleos Corporation $NATL

Maven Securities LTD acquired a new stake in shares of NCR Atleos Corporation (NYSE:NATL) in the second quarter, HoldingsChannel.com reports. The fund acquired 161,288 shares of the company’s stock, valued at approximately $7,002,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NATL. CIBC Private Wealth Group LLC raised its holdings in NCR Atleos by 66.7% in 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 period. Sound Income Strategies LLC grew its holdings in NCR Atleos by 245.7% during the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after purchasing an additional 457 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in NCR Atleos during the fourth quarter valued at about $31,000. Global Retirement Partners LLC increased its position in NCR Atleos by 134.5% in 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 in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in NCR Atleos in the fourth quarter worth about $51,000. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NATL has been the topic of a number of analyst reports. Weiss Ratings raised NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Zacks Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.27.

NCR Atleos Stock Down 1.2%

Shares of NYSE NATL opened at $45.52 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 5.84. NCR Atleos Corporation has a 12-month low of $33.31 and a 12-month high of $48.50. The firm’s 50-day moving average price is $46.31 and its 200-day moving average price is $44.91. The stock has a market capitalization of $3.36 billion, a price-to-earnings 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 EPS for the quarter, topping the consensus estimate of $1.05 by $0.44. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.The company had revenue of $1.10 billion during the quarter. On average, equities research analysts anticipate that NCR Atleos Corporation will post 4.5 EPS 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.