Renaissance Technologies LLC Buys Shares of 81,500 NCR Atleos Corporation $NATL

Renaissance Technologies LLC purchased a new position in NCR Atleos Corporation (NYSE:NATL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 81,500 shares of the company’s stock, valued at approximately $3,552,000.

Other hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its position in shares of NCR Atleos by 66.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock valued at $26,000 after purchasing an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of NCR Atleos by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock worth $643,000 after purchasing an additional 300 shares during the period. Federated Hermes Inc. raised its position in shares of NCR Atleos by 0.3% in the second quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock worth $3,297,000 after buying an additional 397 shares in the last quarter. ProShare Advisors LLC raised its position in shares of NCR Atleos by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock worth $543,000 after buying an additional 446 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake 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 buying an additional 457 shares during the period. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

NCR Atleos Stock Performance

NCR Atleos stock opened at $46.61 on Friday. NCR Atleos Corporation has a fifty-two week low of $33.31 and a fifty-two week high of $48.50. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.78 and a current ratio of 1.03. The stock has a market cap of $3.44 billion, a P/E ratio of 18.07 and a beta of 0.57. The firm’s fifty day moving average price is $45.24 and its 200-day moving average price is $43.78.

NCR Atleos (NYSE:NATL) last announced its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 83.41% and a net margin of 4.44%.The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, equities research analysts expect that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of NCR Atleos in a research report on Wednesday. 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. Finally, Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus 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.