NCR Atleos (NYSE:NATL) Sees Strong Trading Volume – Here’s What Happened

NCR Atleos Corporation (NYSE:NATL) shares saw an uptick in trading volume on Friday . Approximately 1,474,672 shares were traded during trading, an increase of 69% from the previous session’s volume of 871,139 shares.The stock last traded at $43.30 and had previously closed at $43.31.

Analysts Set New Price Targets

NATL has been the topic of several recent research reports. Weiss Ratings cut NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Wolfe Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. DA Davidson restated a “neutral” rating and set a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Finally, Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price objective for the company from $45.00 to $50.40 in a research report on Friday, February 27th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Stock Up 0.0%

The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.78 and a current ratio of 0.98. The company has a market capitalization of $3.20 billion, a PE ratio of 18.67 and a beta of 0.57. The firm’s 50-day simple moving average is $44.48 and its 200 day simple moving average is $42.24.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.24). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The company had revenue of $1.04 billion during the quarter. During the same period last year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that NCR Atleos Corporation will post 4.52 earnings per share for the current year.

Institutional Investors Weigh In On NCR Atleos

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock worth $81,121,000 after purchasing an additional 1,237,227 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in shares of NCR Atleos in the 4th quarter worth about $33,597,000. Simcoe Capital Management LLC purchased a new stake in shares of NCR Atleos in the 2nd quarter worth about $20,282,000. Capital International Investors purchased a new position in NCR Atleos during the 3rd quarter valued at about $16,466,000. Finally, Millennium Management LLC acquired a new position in NCR Atleos during the third quarter worth about $14,900,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

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.