Top 10 Holdings of Engaged Capital

7. NCR Atleos Corporation (NASDAQ:NATL)

Engaged Capital’s Equity Stakes: $49.56 Million

Number of Hedge Fund Holders: 34

NCR Atleos Corporation (NASDAQ:NATL) is a financial technology company with three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). It is one of the top 10 holdings of Engaged Capital and one of the best performing, having rallied by more than 40% in the first half of 2024.

The outperformance concerns NCR Atleos Corporation (NASDAQ:NATL)’s strong start, with first-quarter results above the high end of guidance. Revenues jumped 6% yearly by $1.05 billion as gross profit increased 21% to $221 million.

Engaged Capital held stakes worth $49.56 million as of the end of Q1 2024. On the other hand, 34 out of 920 hedge funds in the Insider Monkey database held stakes in NCR Atleos Corporation (NASDAQ:NATL) as of the end of Q1 2024.