Weiss Asset Management LP Invests $1.24 Million in NCR Atleos Corporation $NATL

Weiss Asset Management LP bought a new stake in NCR Atleos Corporation (NYSE:NATL) in the first quarter, Holdings Channel reports. The institutional investor bought 28,480 shares of the company’s stock, valued at approximately $1,241,000.

A number of other large investors have also bought and sold shares of the business. Sound Income Strategies LLC raised its position in NCR Atleos by 245.7% in the 1st 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 last quarter. CIBC Private Wealth Group LLC boosted its stake 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. Eurizon Capital SGR S.p.A. bought a new stake in shares of NCR Atleos during the fourth quarter worth $31,000. Global Retirement Partners LLC increased its stake in shares of NCR Atleos by 134.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock valued at $46,000 after buying an additional 694 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of NCR Atleos in the fourth quarter valued at $51,000. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Stock Down 1.4%

Shares of NYSE:NATL opened at $47.06 on Tuesday. NCR Atleos Corporation has a one year low of $26.59 and a one year high of $48.50. The company has a 50 day moving average of $44.87 and a 200-day moving average of $43.37. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 20.28 and a beta of 0.60.

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

Wall Street Analyst Weigh In

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

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.