King Luther Capital Management Corp Invests $9.38 Million in NCR Atleos Corporation $NATL

King Luther Capital Management Corp bought a new position in shares of NCR Atleos Corporation (NYSE:NATL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 245,989 shares of the company’s stock, valued at approximately $9,375,000.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of NCR Atleos by 1.2% during the second quarter. State Street Corp now owns 2,761,117 shares of the company’s stock worth $78,775,000 after purchasing an additional 31,684 shares in the last quarter. Simcoe Capital Management LLC bought a new stake in shares of NCR Atleos in the second quarter worth $20,282,000. Bank of America Corp DE increased its stake in shares of NCR Atleos by 5.3% in the second quarter. Bank of America Corp DE now owns 581,465 shares of the company’s stock worth $16,589,000 after buying an additional 29,437 shares during the last quarter. Capital International Investors bought a new stake in shares of NCR Atleos in the third quarter worth $16,466,000. Finally, Barclays PLC increased its stake in shares of NCR Atleos by 182.9% in the third quarter. Barclays PLC now owns 404,694 shares of the company’s stock worth $15,909,000 after buying an additional 261,624 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

NCR Atleos Stock Down 0.1%

NATL stock opened at $45.10 on Thursday. 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 $23.56 and a 1-year high of $48.50. The firm has a fifty day moving average price of $44.28 and a two-hundred day moving average price of $41.06. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 19.44 and a beta of 0.61.

NCR Atleos (NYSE:NATL) last released its earnings results 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 for the quarter. During the same period last year, the firm posted $0.64 EPS. NCR Atleos’s revenue was up 6.5% compared to the same quarter last year. Research analysts predict that NCR Atleos Corporation will post 4.52 EPS for the current year.

Analyst Ratings Changes

NATL has been the subject of a number of research analyst reports. Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research note on Wednesday, March 4th. DA Davidson restated a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Finally, Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NCR Atleos currently has an average rating of “Hold” and a consensus target price 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.