NCR Atleos’ (NATL) “Outperform” Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of NCR Atleos (NYSE:NATL) in a research report sent to investors on Friday morning,RTT News reports. They currently have a $45.00 price target on the stock.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of NCR Atleos from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 17th. Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Stifel Nicolaus upped their price objective on shares of NCR Atleos from $32.00 to $37.00 and gave the company a “hold” rating in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCR Atleos in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.00.

NCR Atleos Stock Up 3.8%

NYSE NATL traded up $1.35 during midday trading on Friday, hitting $36.97. The company had a trading volume of 58,210 shares, compared to its average volume of 517,932. The firm has a market cap of $2.72 billion, a PE ratio of 20.77 and a beta of 0.97. NCR Atleos has a fifty-two week low of $22.30 and a fifty-two week high of $42.23. The stock has a fifty day moving average of $38.50. 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 (NYSE:NATL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. NCR Atleos had a net margin of 3.11% and a return on equity of 81.96%. The company had revenue of $1.12 billion during the quarter. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. NCR Atleos has set its FY 2025 guidance at 3.896-4.089 EPS.

Hedge Funds Weigh In On NCR Atleos

A number of institutional investors have recently made changes to their positions in the stock. First Horizon Corp acquired a new stake in NCR Atleos during the third quarter worth about $28,000. Salomon & Ludwin LLC increased its stake 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 period. Jones Financial Companies Lllp lifted its stake in NCR Atleos by 407.5% during the third quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock valued at $34,000 after purchasing an additional 705 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of NCR Atleos by 60.1% during the second 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. Finally, Blue Trust Inc. increased its position in NCR Atleos by 27.8% in the 3rd quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock worth $68,000 after purchasing an additional 374 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

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.