State of New Jersey Common Pension Fund D Takes Position in NCR Atleos Corporation $NATL

State of New Jersey Common Pension Fund D acquired a new position in shares of NCR Atleos Corporation (NYSE:NATL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,631 shares of the company’s stock, valued at approximately $2,226,000. State of New Jersey Common Pension Fund D owned 0.08% of NCR Atleos at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First Horizon Corp acquired a new stake in shares of NCR Atleos in the third quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC increased its stake in NCR Atleos by 60.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $29,000 after buying an additional 384 shares during the last quarter. Salomon & Ludwin LLC lifted its position in NCR Atleos by 1,327.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 677 shares in the last quarter. Jones Financial Companies Lllp lifted its position in NCR Atleos by 407.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock worth $34,000 after buying an additional 705 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of NCR Atleos by 27.8% during the 3rd quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock worth $68,000 after buying an additional 374 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Trading Down 5.1%

NCR Atleos stock opened at $40.01 on Tuesday. The stock has a 50-day simple moving average of $39.25 and a 200 day simple moving average of $38.43. The stock has a market capitalization of $2.96 billion, a P/E ratio of 22.48 and a beta of 0.97. The company has a debt-to-equity ratio of 8.43, a quick ratio of 0.80 and a current ratio of 1.02. NCR Atleos Corporation has a 52 week low of $22.30 and a 52 week high of $43.42.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NATL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCR Atleos in a research report on Thursday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of NCR Atleos in a research report on Friday, November 7th. Finally, Wall Street Zen cut NCR Atleos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

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.