NCR Atleos (NYSE:NATL) Issues Earnings Results

NCR Atleos (NYSE:NATL) issued its earnings results on Wednesday. The company reported $1.35 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.10 billion for the quarter. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.

NCR Atleos Price Performance

NATL stock traded down $0.14 during trading hours on Thursday, hitting $47.23. 379,985 shares of the stock traded hands, compared to its average volume of 818,143. The stock has a 50-day simple moving average of $46.05 and a 200 day simple moving average of $44.51. The company has a market cap of $3.49 billion, a P/E ratio of 18.31 and a beta of 0.57. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 5.84. NCR Atleos has a one year low of $33.31 and a one year high of $48.60.

Institutional Investors Weigh In On NCR Atleos

A number of institutional investors and hedge funds have recently modified their holdings of NATL. New York Life Investment Management LLC raised its holdings in shares of NCR Atleos by 28.4% during the third quarter. New York Life Investment Management LLC now owns 110,529 shares of the company’s stock valued at $4,994,000 after acquiring an additional 24,437 shares during the period. CenterBook Partners LP acquired a new position in NCR Atleos in the 3rd quarter worth approximately $466,000. Choreo LLC boosted its stake in NCR Atleos by 11.7% in the 3rd quarter. Choreo LLC now owns 20,447 shares of the company’s stock worth $924,000 after purchasing an additional 2,148 shares during the period. Tectonic Advisors LLC grew its position in NCR Atleos by 24.4% during the 3rd quarter. Tectonic Advisors LLC now owns 37,000 shares of the company’s stock worth $1,672,000 after purchasing an additional 7,266 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in NCR Atleos by 839.6% during the 3rd quarter. Sterling Capital Management LLC now owns 2,443 shares of the company’s stock worth $110,000 after purchasing an additional 2,183 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analysts Set New Price Targets

NATL has been the subject of several recent research reports. Wall Street Zen upgraded shares of NCR Atleos to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings raised shares of NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.27.

NCR Atleos Company Profile

NCR Atleos Corporation is a financial technology company focused on self-service banking and automated teller machine (ATM) solutions. The company provides ATMs, software, managed services and related infrastructure that enable banks, retailers and independent ATM operators to deliver cash access and other routine banking services.

Its offerings include ATM-as-a-service, ATM deployment and management, cash management, transaction processing, maintenance and field support. NCR Atleos also provides software and digital tools designed to help financial institutions manage ATM networks, improve availability and connect self-service channels with broader banking operations.

NCR Atleos was separated from NCR Corporation in 2023, while the remaining company became NCR Voyix.