Cannell Capital LLC Buys Shares of 197,650 NCR Atleos Corporation $NATL

Cannell Capital LLC bought a new position in shares of NCR Atleos Corporation (NYSE:NATL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 197,650 shares of the company’s stock, valued at approximately $7,770,000. NCR Atleos comprises 1.2% of Cannell Capital LLC’s portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds also recently modified their holdings 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 lifted 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 in the last quarter. Salomon & Ludwin LLC grew its holdings in NCR Atleos by 1,327.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 677 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in NCR Atleos by 407.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock valued at $34,000 after buying an additional 705 shares during the last quarter. Finally, Blue Trust Inc. increased its position in NCR Atleos by 27.8% during the third quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock worth $68,000 after buying an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NCR Atleos Trading Down 0.4%

Shares of NCR Atleos stock opened at $44.14 on Friday. NCR Atleos Corporation has a fifty-two week low of $22.30 and a fifty-two week high of $48.50. The firm has a market cap of $3.25 billion, a PE ratio of 19.53 and a beta of 0.79. The business’s fifty day moving average is $40.94 and its two-hundred day moving average is $39.04. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 6.65.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.27. The business had revenue of $1.15 billion during the quarter. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.NCR Atleos’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Wedbush cut NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price objective for the stock from $45.00 to $50.40 in a research report on Friday, February 27th. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a research note on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of NCR Atleos in a report on Thursday, January 22nd. Finally, DA Davidson reiterated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.