Y Intercept Hong Kong Ltd Takes Position in NCR Atleos Corporation $NATL

Y Intercept Hong Kong Ltd bought a new stake in NCR Atleos Corporation (NYSE:NATL) in the 1st quarter, HoldingsChannel.com reports. The firm bought 24,824 shares of the company’s stock, valued at approximately $1,082,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fourth Sail Capital LP acquired a new stake in NCR Atleos during the fourth quarter valued at $33,597,000. Simcoe Capital Management LLC acquired a new position in shares of NCR Atleos in the second quarter worth about $20,282,000. Millennium Management LLC purchased a new stake in shares of NCR Atleos during the 3rd quarter worth about $14,900,000. Penn Capital Management Company LLC acquired a new stake in shares of NCR Atleos during the 3rd quarter valued at about $11,553,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of NCR Atleos during the 4th quarter valued at about $10,217,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

NCR Atleos Price Performance

NCR Atleos stock traded up $0.18 during midday trading on Friday, reaching $44.95. The company had a trading volume of 477,226 shares, compared to its average volume of 716,816. 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 12-month low of $23.56 and a 12-month high of $48.50. The company has a market capitalization of $3.32 billion, a P/E ratio of 19.38 and a beta of 0.60. The firm’s fifty day simple moving average is $44.32 and its 200-day simple moving average is $42.67.

NCR Atleos (NYSE:NATL) last announced its 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 firm had revenue of $1.04 billion for the quarter. NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. NCR Atleos’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities analysts anticipate that NCR Atleos Corporation will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NATL. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a report on Monday, May 11th. Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. 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, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos 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.