Glenmede Trust Co. NA Sells 33,234 Shares of NCR Atleos Corporation $NATL

Glenmede Trust Co. NA lowered its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 8.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 357,357 shares of the company’s stock after selling 33,234 shares during the period. Glenmede Trust Co. NA’s holdings in NCR Atleos were worth $15,574,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in NCR Atleos by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company’s stock worth $3,558,000 after buying an additional 5,946 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of NCR Atleos during the 2nd quarter worth approximately $891,000. CW Advisors LLC bought a new position in shares of NCR Atleos in the 2nd quarter worth approximately $262,000. Amundi bought a new position in shares of NCR Atleos in the 2nd quarter worth approximately $349,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of NCR Atleos by 192.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 35,638 shares of the company’s stock valued at $1,017,000 after purchasing an additional 23,463 shares during the period. 88.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

NCR Atleos Price Performance

Shares of NYSE NATL opened at $47.02 on Friday. The company has a 50 day simple moving average of $45.06 and a two-hundred day simple moving average of $43.55. NCR Atleos Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $48.50. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.27 and a beta of 0.60. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.78 and a current ratio of 0.98.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). The company 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 firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. Analysts expect that NCR Atleos Corporation will post 4.52 EPS for the current fiscal year.

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.